Money Market First State Bank of Porter

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Money Market

Money Market Account

Available to consumer and business customers

A higher Yield Account with the advantages of a Checking account:

  • Easy Access anytime by Check, Debit Card, ATM, Online and Mobile Banking
  • No Maturity Date like a C.D. – Ideal for short term goals or when you need to access funds without a penalty.
  • Earn interest on your excess funds; simply transfer when you need it

Tiered Rates – Higher yields for higher balances:

  • Minimum Balance to Open $1,000.00
  • Tiered Balances for higher yields:
    • $24,999.99 and under
    • $25,000.00 – $99,999.99
    • $100,000.00 and Over

Other Features and Functions:

  • Interest Rate is Variable – subject to change weekly
  • Interest Compounds MONTHLY
  • Interest Calculation on Daily Balance Method
  • Fees:
    • $10.00 Maintenance Fee if balance falls below $5,000.00 during the monthly statement cycle $15.00 Excess Withdrawal Fee if more than 6 Transfers Per Monthly statement cycle *

*Transaction Limits Apply: *Transfer is defined as: Pre-authorized, Automatic, Telephone, Online (through Mobile or Online Banking), Debit Card, Check/Draft/ACH to Third Party. Does NOT include Teller Withdrawals or ATM Withdrawals.

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