Why can I make no more than 6 withdrawals per statement cycle on the Premium Money Market Account?
Federal law limits all banks to only 6 withdrawals per monthly cycle for all Money Market accounts. Of the 6 withdrawals allowed per monthly cycle, no more than 3 may be made by check or official check. • Is there a minimum amount for which I must write my checks on the Premium Money Market Account? No, it is completely up to you. • What is the interest rate and APY (Annual Percentage Yield) on the Premium Money Market Account? The interest rate you receive on this account depends on the daily balance in your account. Click here to view our current deposit rates for the Premium Money Market Account. • Are there any monthly service charges or minimum balance requirements on this account? If you maintain an average balance of more than $1,000 in the statement period in your Premium Money Market Account, the monthly fee will be waived. If you maintain an average balance of less than $1,000 in any statement period in the Premium Money Market Account, a monthly service charge of $5 will be
