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. The minimum deposit to open the Money Market Savings account is $1000.
- You 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
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. Transfers from the Money Market Savings 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.