Personal Money Market
- Summary
Opportunity's personal money market accounts offer strong interest rates with a high level of security. Watch your savings grow in a diverse collection of liquid financial investments. With up to six withdrawals per month, your savings are still easy to get to.
- $2500.00 opening deposit
- $2500.00 minimum balance
- $12.00 monthly fee, if balance falls below $2500.00
- Free online banking and bill pay
- 6 withdrawals per month *
*withdrawals $10.00 each over 6 per cycle; deposited items are $.35 each over 50 per cycle
- Disclosures
Variable rate. The interest rate and annual percentage yield for your account depend upon the applicable rate tier. The interest rate and annual percentage yield for these tiers may change. At our discretion, we may change the interest rate on your account. We may change the interest rate on your account daily.
Minimum balance requirements. To open the account you must deposit at least $2500.00. To avoid the imposition of the maintenance fee you must meet the following requirements: A maintenance fee of $12.00 will be imposed every statement cycle if the balance in the account falls below $2500.00 any day of the statement cycle.
Compounding and Crediting. Interest will be compounded monthly. If you close your account before interest is credited, you will not receive the accrued interest.
Balance Computation Method. 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. Interest begins to accrue no later than the business day we receive credit for the deposit of noncash items.
Additional Terms. Limitations on frequency of transfers: During any calendar month or statement cycle of at least four weeks, you may not make more than six withdrawals or transfers to another account of yours or to a third party by means of a preauthorized or automatic transfer of telephone order or instruction.
If you exceed the transfer limitations set forth above in any statement period, your account will be subject to closure by the financial institution.
Please see bank for full disclosure and current rate information.
- Fees and Charges
Fees and charges: We will impose a per item fee of $.35 per deposited item over 50 in a statement cycle. We will impose a per withdrawal fee of $10.00 for withdrawals in excess of 6 per statement cycle.
Tiered rates:
- $0 - $1,499.99
- $1,500 - $24,999.99
- $25,000 - $74,999.99
- $75,000 - $199,999.99
- $200,000 and above
