Federal regulations limit pre-authorized, electronic or telephone withdrawals to six per month.
When minor turns age 18, the account will transfer to a Regular Statement Savings account as defined above. Our tiered Money Market Savings offers a higher rate of interest to customers maintaining higher account balances. As the account grows to a new tier, the funds automatically start earning a higher rate of interest. First Banking Center's Indexed Money Market Account gives you the opportunity to earn higher interest on liquid assets. Our Indexed Money Market Account offers customers a rate comparable to mutual fund money market accounts, plus it's FDIC insured.