Money Market Account a. Rate Information- The dividend rate and annual percentage yield (APY) may change at any time, as determined by the credit union. (See the Savings Rate table.)
Money Market Account. The Money Market Account (MMA) is a depository account governed by both the Joint Savings Account Agreement and the Checking Agreement. A minimum balance, to be set by the Credit Union, is required to open the MMA. Five (5) dividend tiers exist. The MMA will earn the applicable rate for the balance tier. The dividend rate is calculated on the actual daily balance and is posted monthly. Fees for minimum dollar withdrawal and maximum number of withdrawals per month apply to the MMA. Consult the current Rate and Fee Schedule. If the MMA falls below the minimum balance requirement set by the Credit Union, dividends will not be earned for the period of time the balance remains below the minimum and a monthly fee will be assessed. The Credit Union reserves the right to change the restrictions from time to time.
Money Market Account. The interest rate on your Account is % with an annual percentage yield of %. • Rate Information: Your interest rate and annual percentage yield may change. • Frequency of rate changes: We may change the interest rate on your Money Market Account (“MMK Account”) at any time. • Determination of rate: At our discretion, we may change the interest rate on your MMK Account. • Crediting frequency: Interest will be compounded every day. Interest will be credited to your MMK Account every month. • Minimum opening balance: A minimum deposit of $25,000.00 is required to open a MMK Account. • Minimum daily balance to obtain the annual percentage yield (APY): You must maintain a minimum average daily balance of $25,000.00 to obtain the disclosed annual percentage yield. • Minimum balance to avoid imposition of fees: A maintenance fee of $100.00 will be imposed every statement cycle if the balance of the MMK Account falls below $25,000.00 on any day of the statement cycle. • Average daily balance computation method: We use the average daily balance method to calculate interest on your Account. This method applies a periodic rate to the average daily balance in the Account for the period. The average daily balance is calculated by adding the principal in the Account for each day of the period and dividing that figure by the number of days in the period. • Accrual of interest on noncash deposits: Interest begins to accrue no later than the Banking Day we receive credit for the deposit of noncash items (e.g. checks).
Money Market Account. RATE INFORMATION: The dividend rate and APY for this Account are set forth in the Schedule of Dividends, Service Charges and Fees. The disclosed dividend rates and APYs are applicable to the specified average daily balance tier. The dividend rates and APYs may change weekly as determined by MCU. The dividend rate paid on each average daily balance tier will be calculated by averaging the published anticipated dividend rates applicable to such tier for the weeks of the monthly dividend period.
Money Market Account. If your Account is a Money Market Account, federal law requires that an Account holder may make no more than six (6) pre-authorized transfers during any one (1) calendar month. Pre-authorized transfers are transfers or withdrawals which you have authorized in advance to transfer money from your Account to a third party or to another account you have with us. Pre-authorized transfers include: (1) transfers made by check, draft, debit card, Telebank or Online banking transfers, or other instrument payable to a third party; (2) transfers made by your telephone authorization to a third party; or (3) transfers made pursuant to a pre-authorized or automatic transfer including ACH debits.
Money Market Account. You can make no more than six transfers per statement cycle by pre- authorized or automatic transfer or by telephone or Online Banking. This also includes check, draft or debit card. • If a hold has been placed on deposits made to an account from which you wish to transfer funds, you cannot transfer the portion of the funds held until the hold expires. Plains Commerce Bank may offer new services for Online Banking from time to time. Plains Commerce Bank will notify you of these new services. By using these services when they become available, you agree to be bound by the terms and conditions, including applicable rules and regulations, which will be made available to you concerning these services.
Money Market Account. You can make no more than [six (6)] transfers per statement period by preauthorized or automatic transfer or by telephone or Online Banking and no more than three (3) of these may be by check draft. Please note: If there are not sufficient funds in the account, we cannot complete this transfer. However, future recurring transfers will not be impacted. Services. With Online Banking you can access and view your LAFCU accounts, process transactions 24 hours a day, seven (7) days a week, and: • View account balances, history, transaction detail, and paid checks; • Transfer funds between accounts and make loans payments; • Obtain cash advances against your line of credit and Home Equity Line of Credit; • Export your account activity to Quicken; • Obtain and customize reports that identify and track your spending through FinanceWorks; • Set up Alerts to notify you of new transactions and balance changes on your accounts; • Receive your LAFCU account and VISA Credit Card statements online electronically with our Online Statement Service; • Open new share accounts (Secondary savings, Checking and Money Market); • Apply for a Vehicle loan, Credit Card, and Personal loan; • Transfer funds to or from your accounts at other financial institutions through our Funds Transfer or Popmoney Service. (You must specifically enroll in this service); • Update and change profile information, such as Username, Password, email address, street address and Multifactor Factor Authentication phone numbers; Funds Transfer and Popmoney Services. You must specifically enroll in this service via Online Banking. You may use this service to set up one-time transfers, schedule future or recurring transfers to and from your accounts at other financial institutions, to and from your LAFCU accounts. A separate Funds Transfer and Popmoney Service Agreement and Disclosure will be provided to you in connection with your enrollment in this specific service. Bill Pay. Pay your bills online with our Bill Pay Service. Bill Payments can only be made from your checking account. Please refer to Bill Payment Services in this Agreement and Disclosure for specific information about this service.
Money Market Account. The minimum balance required to open this account is $1,000.00. You must maintain a $1,000 average daily balance over the quarter to obtain the disclosed annual percentage yield. There is a limit of six preauthorized or telephonic withdrawals per month.
Money Market Account. Savings Accounts with limited transactions which shall earn an annual variable interest rate which could be varied at any moment.
Money Market Account. The Borrower shall have established a money market account with the Administrative Agent with an initial deposit of not less than $25.0 million.
