Learn more: the Relationship Money Market Deposit Account

Key Features of the Relationship Money Market Deposit Account

Minimum deposit to open the account is $50,000.
No minimum balance required to earn interest.
This is a tiered-rate account. Interest rates will differ depending on whether customer meets required qualifications for each monthly statement cycle. In order to meet qualifications, you must maintain a positive daily balance within a Relationship checking account.
If qualifications are not met, all balances are still eligible to earn interest.

This account contains a monthly service charge of $15, if the minimum daily balance for the monthly statement cycle falls below $50,000.
You may make three (3) transfers, withdrawals, checks, or a combination of such during the monthly statement cycle; a $10 per transaction fee is charged for transactions in excess of three.
A monthly inactivity fee of $5 will be assessed after six (6) consecutive months of no transaction activity within the account.
A monthly dormant account fee of $10 will be assessed after twelve (12) months of no transaction activity within the account.

Interest begins to accrue no later than the business day we receive credit for the deposit of non-cash items (for example, checks).
The daily balance method is used to calculate the interest on the account. This method applies a daily periodic rate to the principal in the account each day. The daily periodic rate applied will be the rate in effect on the last day of the monthly statement cycle.
Interest will be compounded monthly and credited to the account on a monthly basis.
The interest accrual method is 365/365 days.