Money Market Account
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, they have a restriction on the number of checks or withdraws you can make within a month. Money markets also require a larger amount to open than a savings account.
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 Account
| Advantage Money Market | |
|---|---|
| Minimum Balance to Open | $1,000 |
| Minimum Balance Required Per Statement Cycle | $1,000 |
| Monthly Fee | 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. |
| Interest Compounded and Credited to Your Account Monthly. Fees May Reduce Earnings |  |
| Checks Included | |
| Fees: | |
| First 50 deposited items | $0 |
• 51+ deposited items per month | $0.075 each |
| Transactions Limitations per month | 6 Withdrawals |
| 7 or more withdrawals per month, monthly fee | $10 |
| If balance falls below required minimum balance, monthly fee | $10 |
| Other Fees: | Common Fees |
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