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Why Money
Market?
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The Money Market account provides
competitive tiered money market rates with complete liquidity and access to funds.
This account is available for personal use.
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Benefits
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- FDIC insured*
- Unlimited deposits
- 24/7 access
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Features
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- Interest compounds daily and
is paid to your account monthly at statement time
- Monthly $10 maintenance fee
waived if daily balance exceeds $500
- eStatement available monthly
on the 10th of each month.
- Bank by phone: toll-free 1-866-234-7636
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Other
considerations to the Money Market Account
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Federal regulations permit only
six preauthorized or telephonic transfers, three of which may be made by draft or
similar order, each monthly statement period.
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A $10 fee applies to each transfer
that exceeds those limits.
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There are no limits on the number
of transfers in person at a branch or at an American Home Bank ATM.
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There is an early closing fee of
$30 if the account is closed within 180 days following account opening.
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*On October 3, 2008, FDIC deposit insurance temporarily increased from $100,000
to $250,000 per depositor through December 31, 2009.
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