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Accounts: MMDA
A checking account that pays you interest on your balance and provides limited access to your money.
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Requirements
- $2500 minimum balance
- You are not allowed to make more than six transfers and withdrawals per calendar month. Not more than three transfers to third parties may be made by means of draft or check or electronic funds transfer.
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Benefits
- No monthly service charge unless you write more than six checks or fall below the minimum balance
- Pays higher interest on balance
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Cost
- $5.00 per transaction over the allotted amount
- $10.00 fee if balance falls below the minimum amount (interest will still be paid at the current (NOW account rate)
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