Our Indexed Money Market Account offers customers a rate comparable to mutual fund money market accounts, plus it's FDIC insured. This means you receive a higher interest rate along with the security you expect from your account at the bank. A maximum of six pre-authorized withdrawals allowed per month, of which no more than three may be checks. Free Check Safekeeping required FDIC insured The interest on the Indexed Money Market account could change weekly. This is tracked by IBC's Money Market Fund Report and reported in the Wall Street Journal the previous Thursday.
Federal regulations limit pre-authorized, electronic or telephone withdrawals to six per month.