Personal Money Market Plus accounts are available to individuals residing in the Wisconsin counties of Marinette and Oconto, and the County of Menominee in Michigan.
Accounts may be opened with a deposit of $100 or more.
If a minimum balance of $2,000 or an average daily balance of $4,000 is maintained, there are no monthly service charges. If the balance requirements are not met, a maintenance fee of $7.50 per month is charged by the bank.
A statement of activities is provided monthly.
This is a variable rate account, which means that the interest rate and annual percentage yield may change. At our discretion, we may change the interest rate on the account daily. To view the current rate, click here.
Interest begins to accrue on the business day you deposit cash or non-cash items (such as checks). Interest does not accrue on amounts withdrawn on the date of withdrawal.
Interest is compounded and paid monthly on the statement cycle date.
We use the daily balance method to calculate the interest on your account. This method applies a daily periodic rate to the principal in the account each day.
The account holder is permitted by Federal law to make no more than six (6) pre-authorized, automatic or telephone transfers per statement cycle. No more than three (3) third-party checks or point-of-sale withdrawals (which are considered to be pre-authorized transfers) may post to your account each statement period.
You may make an unlimited number of withdrawals from your Money Market Plus account in person, by mail, by messenger, at automatic teller machines, or by telephone if the withdrawal is mailed to you by check.
If more than three (3) third-party checks are posted to your account in a statement period, a charge of $5.00 for each additional check will be imposed. Continual abuse of the third-party withdrawal limitations may require us to convert the account to a non-interest bearing account, with loss of interest for the current period, or to close the account.
An F&M ATM Card may be linked to this account for use at ATMs and Point-of-Sale merchants.
A complete disclosure, as required under Federal Truth-in-Savings, of the terms and conditions on the Personal Money Market account is available upon request.
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Last Updated:
Thursday, May 10, 2007
