Passbook Savings & Money Market

There are many different types of savings accounts.  How do you decide which is best for you?

Passbook Savings and Money Market accounts are what we call "Instant Access" accounts.  These are ideal for money you may need in a hurry, such as an emergency fund.  If the bank is closed, you can even access these accounts via the ATM using your MasterMoney Debit Card™.

Our PASSBOOK SAVINGS account is a great way to save. You'll be able to track your savings activity in a personal passbook. Just present the passbook with your deposit or withdrawal slip and your transaction and balance will be updated and printed in your passbook. It's a great way to see your savings grow with each printed update. And there's no monthly fee with the required minimum balance.

With our MONEY MARKET account, your money grows even faster with higher-yield returns.  You'll earn higher-yield interest, like a certificate, but with the convenience of access like a checking account.

For either account, your funds are FDIC insured up to $250,000.00.  Use the chart below to compare these two accounts.

To learn more, or to open a Passbook or Money Market savings account,

 


Statement / Passbook Savings

 


Money Market



Minimum balance to open

 



$10

 

$2,500

Minimum balance to avoid service charges

$10

$2,500

Service charge if minimum balance is not maintained

$1 monthly maintenance fee

$5 monthly maintenance fee



Interest

 

Interest begins to accrue on the business day of deposit

Interest begins to accrue on the business day of deposit



Online Banking

 

FREE

FREE



Online Bill Pay

 

N/A

N/A



24-Hour Bank-by-Phone

 

FREE

FREE



eStatements

 

FREE

FREE