Personal Banking - Money Market Account
This is an insured investment account which pays higher interest and provides check writing privileges.
You will receive monthly statements, along with images of your canceled checks.
There is limited check writing on money market accounts.
Transfers from a Money Market account to another account or to third parties by preauthorized, automatic, telephone, or computer transfer or by check, draft, debit card, or similar order to third parties are limited by law to six per month. A service charge of $10.00 will be charged for each debit transaction exceeding these limits
The Money Market Account earns interest when your daily collected balance is $1000 or more. Interest is compounded and paid monthly into your account.
There is a monthly fee of $6 for the Money Market Account. You can avoid the fee with a $1000 minimum daily balance, or a minimum average daily balance of $2,000 for the monthly statement cycle.
Individuals and businesses are eligible for Money Market Accounts.
Open this account with a minimum opening deposit of $1000 at your nearest FirstBank Southwest location.