Let’s talk about money market accounts.
They combine the attractive features of savings and checking accounts. They’re
perfect if you want the ability to write checks while earning a higher interest
rate than a savings account. Many. In addition to paying you money, there’s no minimum balance to open, no monthly service charges and easy to read monthly
statements. Yes. a few to appreciate. For each bank, boundaries are set by creating limitations and transaction fees. For example, if you were to open a money
market account you will not be permitted to make more than 6 transfers and
withdrawals or a combination of per calendar month or statement cycle.
Specifically that includes activities of an automatic transfer, telephonic
agreement, instruction by check draft, debit card or similar order made by the
deposit and payable to third parties. Excessive withdrawal fees are $10 per
transaction – this may reduce your earning power, so remember only six transfers or
withdrawals per month. Yes it is important to understand all
the nitty-gritty but pay attention to all the great things a money market
account offers you. Paying you a higher interest rate than a savings account
while allowing you limited check writing privileges. Good question. on our website
is a page we titled current rates there is an up-to-date listing of our
competitive rates that present an appealing reason to contact us. Make the
Move to an attractive money market account from Freedom Bank.