MMDA (Money Market Deposit Account)

Benefits:

• $2,500.00 minimum to open
• Interest paid monthly
• Variable Interest Rate
• Check Images with monthly statement
• Free Internet and Telephone banking

Cost:

• No service charge unless the balance falls below $2,500.00, or average daily balance is less than $10,000.00. If balance requirements are not met, a statement cycle service fee of $10.00 will be imposed
• Only 6 debit transactions are allowed per month
• An item fee of $10.00 will be imposed on each debit transaction (withdrawal, auto transfer, check, draft or payment) in excess of 6 per month
• Request statement with images $5.00
• Computer printout – no images $0.50
• Stop payment fee of $20.00 per check.
• Overdraft fee of $22.00 per item plus $0.10 per day that the account is overdrawn
• Deposited checks returned to you $10.00 per check