Union State Bank Money Market Accounts

Money Market Accounts

Money Market Account
Money Market Plus
Money Market Elite

Federal law limits the availability of these accounts to individuals, sole proprietorships, non-profit organizations operated primarily for religious, philanthropic, charitable, educational, political or other similar purposes, governmental units and funds held in a fiduciary capacity.

Account Type	Account Features
Money Market Account:	This account is a combination savings and checking account with tiered rates. It provides a higher interest rate, but limited check writing authority. Minimum balance of $1,000 Interest based on current money market conditions Rates subject to change daily Interest earned based on funds on deposit. The tiers are: up to $2,499 $2,500 to $9,999 $10,000 and up Unlimited deposits Unlimited in person withdrawals Per Federal Regulations, a depositor is permitted to make no more than six withdrawals or transfers to another account or to a third party by means of a preauthorized, automatic or telephone order or instruction per month Service charges apply if minimum balances are not met. (back to top)
Money Market Plus:	The Money Market Plus Account offers tiered rates for customers that maintain higher balances and expect a better rate of return. Minimum opening deposit of $25,000 Interest based on current money market conditions Rates subject to change daily Interest earned based on funds on deposit. The tiers are: up to $14,999 $15,000 to $24,999 $25,000 and up Unlimited deposits Unlimited in person withdrawals Per Federal Regulations, a depositor is permitted to make no more than six withdrawals or transfers to another account or to a third party by means of a preauthorized, automatic or telephone order or instruction per month Service charges apply if minimum balances are not met. (back to top)
Money Market Elite:	The Money Market Elite account has tiered rates, offering customers a very competitive rate of return. $50,000 minimum opening deposit Interest based on current money market conditions Rates subject to change daily Interest earned based on funds on deposit. The tiers are: Up to $9,999 $10,000 to $49,999 $50,000 and up Unlimited deposits Unlimited in person withdrawals Per Federal Regulations, a depositor is permitted to make no more than six withdrawals or transfers to another account or to a third party by means of a preauthorized, automatic or telephone order or instruction per month Service charges apply if minimum balances are not met. (back to top)