In this fast-paced world, it can be convenient to have your money on your own where it can be easier to access and you can talk to people you know and trust. Not only can you have a great rate, but you can also enjoy the safety of FDIC insurance. You can open the Money Market Checking account at any one of our convenient locations or complete the application now. That depends on the balance. Interest is compounded daily and credited monthly on the daily collected balance.
Larger balances earn higher yields.
Interest accrual for deposited non-cash items should begin no later than the business day on which the bank receives credit for the deposited funds. Funds from electronic direct deposit have same-day availability. The rates on the Money Market Checking account move with market rates and are subject to change weekly. This account is not classified as an IRA account. Lake City Bank's automated telephone system lets you access your account information by using any touch-tone phone.