MONEY MARKET ACCOUNT
This account combines the interest features of a savings account with limited check writing features. Interest is paid monthly based on the available balance of the account at the end of each day.
There is a minimum deposit required to open the account of $1,000.00.
There is a minimum average daily balance of $2,500 required to avoid monthly service charges.
A daily balance of $2,500.00 must be maintained to earn interest.
Limited withdrawal privileges - six (6) per statement cycle by preauthorized, automatic, telephone or computer transfer, check, draft, or similar order to third parties.
Unlimited withdrawals and transfers in person, by messenger, or by mail.
Our ATM Card is available with this account at no additional cost and you can use it at ATMs nationwide.
We charge a usage fee for our ATM Card. In addition, the owner of the ATM where the card is used may charge a transaction fee for each use. Please refer to the schedule of Fees and Service Charges.
You will receive your monthly imaged statement showing all your deposits and your checks in numerical order. It makes reconciliation and record keeping easier.
Call us in New York at (212) 218-8383 or in Florida at (727) 442-2551 for additional details or send us an e-mail.
Please refer to our current rates for the rates in effect.
Miscellaneous fees may apply and be deducted directly from the account.