Tiered money market rates paid on account balances. The interest rate varies. Detailed monthly statement with cancelled checks returned. Transfers to other accounts or to third parties are limited to six per month, with no more than three by check, draft or similar third-party instruments. Money market checks provided by First National Bank of Abilene.
Interest is accrued daily, compounded monthly and credited to the account monthly.
Interest rates can change at any time. Rate information is available in all bank offices. Often has higher interest rate than short-term certificates of deposit. Maturities for all dollar amounts and time periods, ranging from 14 days to 60 months. Interest can be added to principal monthly, quarterly, at maturity or paid directly by check or deposit to your account.