• All you need to open this account is $1,000.00.
• There is a fee of $10.00 if you fall below $1,000.00 at any time during the statement period.
• We'll pay you interest using the daily balance method. You'll have to maintain the minimum balance of $1,000.00 to earn interest daily.
• We have tiered rates on this account - check out our rate chart for the current rates. The interest rate will be subject to change at the Bank's discretion.
• The interest that we pay you will be credited to the account on the last day of the month and will appear on your statement.
• Statements are issued at the end of each month. Government Money Market regulations restrict some of your transaction activity. You may make six pre-authorized transfers from your account each statement cycle, but only three may be payments to third parties by check, draft or similar instrument.
• American Bank offers an ATM or Debit card with this account. Please refer below to the withdrawal limitations governing Money Markets.