What Is a Money Market Account? A money market account is a type of deposit account that pays interest on deposits and allows withdrawals with some restrictions. MMAs are offered primarily by banks and credit unions of all sizes, and can be used for short-term or long-term savings. Some examples […]
Accounts
1 Qualified Debit Card Purchases are PIN or signature-based point-of-sale (POS) transactions that post to your iCan Checking account during the Statement Cycle. ATM withdrawals, POS cash-back transactions, and POS cash advance transactions are not Qualified Debit Card Purchases. If any portion of a transaction is a POS cash-back or POS […]
Despite the many advantages of an MMA, there are a few areas where it can come up short for some. Let’s look at the other side of the coin. Withdrawal and transfer restrictions — The Federal Reserve places limits on withdrawal and transfer activities for both savings accounts and MMAs. […]
Available to qualified business clients only. 1 Available to qualified business clients only. Additional fees apply. Products and their features may change at any time. Get complete information about Business Account Service Fees (PDF, 995 KB) Opens a new window in your browser.. 2 Monthly fee applies even if there is no account activity. […]
What Is a Money Market Account? A money market account is a type of deposit account that pays interest on deposits and allows withdrawals with some restrictions. MMAs are offered primarily by banks and credit unions of all sizes, and can be used for short-term or long-term savings. Some examples […]
The Banking Benefits – Deposit Introductory program offers a high yield fixed Introductory Rate during the first 12 statement cycles after opening a new Consumer Money Market Savings account with State Farm Bank. A new Consumer Money Market Savings account means you cannot have an existing Money Market Savings with […]