Perferred Money Market Fund
This money market account offers easy access to your money and, as your savings grow, so can your interest.
- Minimum to open is $500.
- Earns interest (see below for rates).
- Monthly service charge of $10 waived if the $3,000 average ledger balance* requirement is met.
- Free personalized checks.
* Average ledger balance is calculated by adding the balance in the account for each day of the statement period and dividing that figure by the number of days in the period.
Transfers and/or withdrawals from your money market or savings account conducted in person at any branch, by mail or by ATM are unlimited. All other transfers including telephone transfers, online transfers, overdraft or minimum balance coverage, pre-authorized debits, point of sale purchases, and checks are limited to six withdrawals per calendar month or statement cycle (a period of at least four weeks). Your individual four-week period starts at the beginning of each statement cycle (if you receive statements monthly) or the calendar month (if you receive statements quarterly). We are required by law to ensure that you comply with this limit. If you exceed this limit after we have notified you of a violation, the bank must change your account to discontinue the automatic services, close, or reclassify the account.