Money Market Demand Account (MMDA)
A savings account with checking account privileges, now that's interesting.
This is a high-earning demand deposit account with a variable interest rate. The rate depends on the daily balance in the account. The minimum balance to open the account is $5,000.00. Regulations prohibit more than six withdrawals (including a maximum of three by check) payable to third parties during any monthly statement cycle. For more details, refer to our MMDA Truth-in-Savings disclosure or ask any member of our staff. This account also includes a free ATM Access Card or VISA Debit Card for the first year.
| Account |
Min to Open |
Min to earn APY |
Interest Rate |
APY |
| Money Market Demand Account (MMDA) |
$5,000.00 |
$100,000.00 |
1.15% |
1.16% |
|
$5,000.00 |
$75,000.00 |
0.95% |
0.95% |
|
$5,000.00 |
$50,000.00 |
0.75% |
0.75% |
|
$5,000.00 |
$25,000.00 |
0.50% |
0.50% |
|
$5,000.00 |
$10,000.00 |
0.35% |
0.35% |
|
$5,000.00 |
$5,000.00 |
0.15% |
0.15% |
"APY" stands for "Annual Percentage Yield"