Back to Savings and Money Market Accounts
Money Market Accounts
We offer two types of money market accounts to our customers:
• Money Market Savings
Our Money Market Savings Account must be opened with $2,500 or more. As long as the $2,500 minimum balance is maintained, there is no monthly service charge. If the balance drops below the minimum, a $6 service charge will be applied to the account, plus $0.25 per ledger entry and $0.25 per item deposited. In addition, interest will be calculated at a lower rate currently being paid. You are allowed 6 withdrawals per statement cycle at no charge. Any withdrawal after the first 6 will be assessed a $10 charge. Interest is calculated on the daily collected balance and credited once a month. The interest rate and APY may change at any time.
To learn more about our services, simply stop by for a visit or call us at 620-672-6421.
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• Investors Money Market
Our Investors Money Market Account must be opened with $5,000 or more. As long as the $5,000 minimum balance is maintained, there is no monthly service charge. If the daily balance drops below the minimum, a $10 service charge will be applied to the account. You are allowed 6 withdrawals per statement cycle at no charge, with no more than 3 by check. Any withdrawal after the first 6 will be assessed a $10 charge. Interest is calculated on the daily collected balance,and applies a daily periodic rate to the principal in the account each day. The interest rate and APY may change at any time. |