Money Market Accounts
Emergency fund, vacation, college, retirement, or just saving for that special thing you’ve been pining over; whatever your reason to save some for later, it is a wise decision.
A money market is similar to a savings account but with a little more flexibility. Money markets typically earn more interest than a savings account and you can write checks on the account. However, due to federal rules the max number of checks or withdraws you can make are six within a month. They also usually require a larger amount to open.
These accounts are great for emergency funds. They allow you to keep a larger amount set aside but it is quickly available when needed.
Money Market Accounts
| Signature Money Market | Premium Money Market | |
|---|---|---|
| Minimum Balance to Open | $1,000 | $5,000 |
| Minimum Balance Required Per Statement Cycle | $1,000 | $5,000 |
| Monthly Fee | No Monthly Fee if minimum balance is met and there are less than 51 deposited items | No Monthly Fee if minimum balance is met and there are less than 51 deposited items |
| Interest Bearing | Contact a personal banker for current rates. | Contact a personal banker for current rates. |
| Interest Compounded and Credited to Your Account Monthly. Fees May Reduce Earnings |  | |
| Checks Included | | |
| Fees: | ||
| First 50 deposited items | $0 | $0 |
• 51+ deposited items per month | $0.75 each | $0.75 each |
| Transactions Limitations per month | 6 Withdrawals | 6 Withdrawals |
| 7 or more withdrawals per month, monthly fee | $10 | $10 |
| If balance falls below required minimum balance, monthly fee | $10 | $10 |
| Other Fees: | Common Fees | Common Fees |
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