Accounts require $1,000 to open the account. You need to maintain a minimum daily balance of $1,000 to avoid a $10.00 service charge per cycle. Interest is paid on balances of $1,000 and above and is tiered, so the higher your balance the higher your premium rate of interest.
You may make unlimited withdrawals or transfers by mail, ATM or in person. You may make no more than six transfers and withdrawals, or a combination of such transfers and withdrawals, per calendar month or statement cycle of at least four weeks, to another account or to a third party by means of preauthorized or automatic transfer, or telephonic agreement, order or instruction, or by check, draft, debit card, or similar order made by the depositor and payable to third parties.
For more information on Super Money Market, please contact us.