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MMDA Account

 

The MMDA (Money Market Deposit Account) is a savings account accessible by check with interest at market rates.
Minimum Opening Balance
$1,000.00
Daily Statement Balance Required to Earn Interest (on collected funds) through 11/30/2011
$1,000.00
Interest Tiers
YES - Check with us for current rate and tier details
Monthly Service Fee if Under Required Daily Minimum Statement Balance
$10.00
Fee Waived for Nonprofit Organizations
YES
Excess Item Fee:

Transfers to another account or to third parties by preauthorized, automatic, telephone transfer, check, draft, or similar order are limited to 6 per statement cycle.

$5.00 per debit in excess of 6 and $0.25 per deposited item over 20.

Overdraft/NSF Item Charge
$25.00
Imaged Checks and Deposits
FREE
TSB Image Binder (if not combined Statement)
FREE
Available for corporations and small business
YES

 

 

Account Benefits - All accounts include the following benefits with no additional fees or charges

Important Information About Procedures for Opening a New Account

To help the government fight the funding of terrorism and money laundering activities, Federal Law requires all financial institutions to obtain, verify, and record information that identifies each person who opens an account. What this means for you: When you open an account, we may ask for your name, address, date of birth, and other information that will allow us to identify you. We may also ask to see your driver's license or other identifying documents.