What is a Preferred Asset Investment Account?
A Preferred Asset Account is an investment style depository account for customers with balances in excess of $100,000 looking for the opportunity to optimize their rate of return while maintaining access to their funds. It offers flexibility and options you need. What are the Benefits? • Interest rate indexed to the 90-day Treasury Bill Auction Rate from the prior month and will reprice monthly • Interest paid on deposits from the day available with daily compounding • Unlimited deposit convenience at any bank branch, with online banking, or by 24-hour telephone banking • 24-hour-a-day account information everyday with online banking and 24-hour telephone banking • Unlimited withdrawals in person at any branch • Up to six withdrawals per statement cycle with online banking or 24-hour telephone banking • Unlimited funds access with your Preferred Asset Checking Account • Convenient “One Statement” information for your Preferred Asset Investment Account and Preferred Asset Checking Accou
