Smart Money Market Checking Account
Minimum Opening Deposit $2,500.00
Balance Requirements $10.00 monthly service fee if the average daily balance falls below $2,500.00
Transaction Limitations You may only make 6 pre-authorized transfers, telephone transfers, checks, drafts, debit card, or similar order made to third parties from your account each statement cycle. ATM cards are not offered on this account type.
Fees & Charges An excess activity charge of $10.00 will be charged for each item when: checks, drafts, debit card transactions, pre-authorized transfers, telephone transfers, or similar orders made to third parties exceed six per statement cycle.
Interest Features No interest will be earned if average collected monthly balance falls below $2,500.00.
The interest rate and Annual Percentage Yield depend upon the Applicable Rate Tier.
For current interes rate and Annual Percentage Yield speak with one of our Customer Service Representatives.
Additional Disclosure We use the daily balance method to calculate the interest on your account. This method applies a daily periodic rate to the principal in the account each day. We reserve the right to at any time require not less than seven days notice in writing before any withdrawal from an interest bearing account. At our discretion, we may change the interest rate on your account at any time. Interest is compounded daily, paid monthly and begins to accrue on the business day you deposit non cash items (e.g., checks). If you close the account before interest is credited, you will not receive the accrued interest. The interest rate and Annual Percentage Yield for your account depend upon the applicable tier. The interest rate and Annual Percentage Yield for these tiers may change.