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Money Market Account

Money Market Account

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Summary

Earn an excellent rate of interest that goes up as your account balance does, while six debits are allowed each month.

Features:

  • Interest bearing
  • Tiered interest rates to maximize earnings*
  • $2,500 Minimum to open account
  • Monthly maintenance fee waived on balances $2,500 and over
  • Free 24 hour banking with TeleBanker
  • Direct Deposit available
  • FDIC insured

Withdrawals and Payments

The number of withdrawals or transfers from a Money Market account you make in person, by mail or at an ATM, or transfers for the purpose of repaying Peoples Bank of Kankakee County loans and associated expenses are unlimited. During your statement cycle, you may also make up to six transfers, withdrawals or payments in aggregate to another account with Peoples Bank of Kankakee County or to a third party if made by: pre-authorized transfers or withdrawals, telephone banking service (including telephone, fax, VRU), Peoples Bank of Kankakee County Internet Banking, automatic transfers, check or draft, or at point of sale terminals using your ATM or debit card. Excess withdrawals may result in account being closed. These transactions are considered made on the date the Bank pays out the funds, not the date the withdrawal request was initiated.

Interest Rates

Interest Rates:

Balance...........................Rate/APY*

$0 - $9,999.99......................0.05%

$10,000 - $24,999.99............0.10%

$25,000 - $49,999.99............0.15%

$50,000 and up.....................0.20%

*This is a variable rate account. APYs (Annual Percentage Yield) are accurate as of March 1, 2012 and are subject to change thereafter, including after account opening. Fees and withdrawals could reduce earnings.