A money market account offers the benefit of earning higher interest than a traditional savings account, with added flexibility to write a limited number of checks—making it a versatile choice for your savings strategy.
Is A Money Market Account Right For You?
A money market account is designed for customers who maintain higher balances and have limited check-writing needs. This tiered-interest account includes check images with your statement, up to five free photocopies, a complimentary initial trust consultation, and a waived purchase fee on up to five personal money orders per month.
To open the account, a minimum deposit of $2,500 is required. Monthly service charges are $10 if your balance falls below a $2,500 daily minimum or a $5,000 average daily balance.*
Interest will be compounded monthly and will be credited to your account monthly. We use the daily balance method to calculate the interest on your account. The daily balance method applies a daily periodic rate to the principal in the account each day.
*The average daily balance is determined by adding the full amount of principal in the account for each day of the statement cycle and dividing that figure by the number of days in the statement cycle.
The annual percentage yield (APY) is based on monthly compounding. The interest rate and annual percentage yield (APY) are variable and may change. The annual percentage yield (APY) assumes interest remains on deposit and is determined based on the current rate and minimum deposit required to open the account. Withdrawal of interest will reduce earnings.
PremierBank IRAs and CDs
Looking for another great choice for your longer-term saving and investment objectives? We offer a variety of different options to meet your needs.
Contact the PremierBank Personal Banking Team
Give us a call for immediate service. If you fill out the contact form with details about what you’re interested in, a member of our team will contact you within one business day.
(920) 563-6616