Money Market Investments at Waldo State Bank

Money Market Investment Account Benefits

With your goals in mind, a money market investment account can help you reach your goals.

• Easy access to your account
• FDIC-insured money market account
• Interest will be compounded and credited at statement time or date the account is closed. We use the daily balance method to calculate the interest on your account. This method applies a daily periodic rate to the principal in the account each day.
• Interest begins to accrue on the business day you deposit noncash items (checks, for example).
• Free ATM access
• Free start card at account opening
• Free initial debit card
• Electronic statements (eStatements) available
• Unlimited check-writing
• Free online banking and mobile deposit

Money Marketing Investment Account Details

• A minimum deposit of $2500.00 is required to open a personal Money Market Investment account.
• You must maintain a $2500.00 balance in the account each day to avoid a monthly maintenance fee of $5.00.
• This is a tiered account, and the interest rate may vary depending upon the balances maintained. Tiers on the account is as follows:
• $0.01 - $2,500.99
• $2,501.00 - $10,000.99
• $10,001.00 - $25,000.99
• $25,001.00 - $50,000.99
• $50,001.00 - $100,000.99
• $100,001.00 - $200,000.99
• $200,001.00 - Over
• Your interest rate and annual percentage yield (APY) may change. At our discretion, we may change the interest rate on your account at any time.
• Contact Waldo State Bank for current rates.