What is the advantage of having the two linked accounts?
Seamless money management is the key benefit. The High Rate MoneyMarket Account itself gives you many convenient ways to access your money, including checks, ATM, and point-of-sale. But because the number of transactions is limited by regulations for all money market accounts, it may not be ideal for daily use. Because the High Rate MoneyMarket Account and a Tiered Interest Checking account work together, you have the ability to allocate your money between the two accounts the way that works best for you. Keep your money in the High Rate MoneyMarket Account until you need it — for example, at monthly bill-paying time — then move what you need into the Tiered Interest Checking account. As long as the combined minimum daily ledger balance is at least $10,000, the funds in your High Rate MoneyMarket Account remain eligible for the special higher interest rate. If they go below that level, your High Rate MoneyMarket Account still earns the regular Union Bank MoneyMarket interest rate. Pl
