Description:
The Money Market Savings Account allows you to save your money and earn a larger percent of interest than the Passbook Savings Account while imposing limitations on automatic transactions.
Requirements:
Minimum deposit to open - $1000.00
Benefits:
- Account will earn interest at rate determined by Community State Bank.
- Interest will be compounded on a monthly basis*.
*Interest rate may change after the account is opened
Cost:
- There is no monthly service fee for maintaining a Money Market Savings account.
- Interest rate earned will be adjusted to the Passbook Savings Account rate if average daily balance falls below $1000.00
- Transfers from the Money Market Account to another account or to third parties by pre-authorized, automatic, telephone or computer transfer are limited to six per month statement cycle with no more than three by check, draft, or similar order to third parties.
