Money Market Account

Money-Market-Account-147932717.jpg
Summary

Maximize returns while minimizing effort. With our money market options, your balance does the heavy lifting. Make the most of funds via tiered-rates, providing higher balances with even higher rates. Push larger balances even further without our higher balance Money Market Index Account.

At the same time, maintain convenient access to your funds. Have it all, all in one place – earning potential and flexibility. Open the money market that works best for you today.

Money Market Account

  • Competitive, tiered rates
    • Higher rates for balances over $2,500
    • Interest credited monthly
  • Enjoy flexibility with enhanced access to funds
    • Direct check-writing ability
    • ATM Card available to customers age 18 and older
  • Avoid the $8 monthly maintenance fee/service charge by maintaining a $1,000 minimum daily balance
  • 6 free pre-authorized withdrawals per month*
  • Free online banking
  • Free mobile banking
  • Free mobile deposit
  • Free eStatements
  • $1,000 minimum deposit to open
  • For customers with higher balances
  • Competitive, tiered rates
    • Higher rates for balances starting at $10,000
    • Interest credited monthly
  • Enjoy flexibility with enhanced access to funds
    • Direct check-writing ability
    • ATM Card available to customers age 18 and older
  • Avoid the $15 monthly maintenance fee/service charge by maintaining a $10,000 minimum daily balance
  • 6 free pre-authorized withdrawals per month*
  • Free online banking
  • Free mobile banking
  • Free mobile deposit
  • Free eStatements
  • $10,000 minimum deposit to open

*You may make up to six pre-authorized withdrawals each calendar month by check, draft, debit card, or similar order.  Pre-authorized transfers include automatic transfers to another deposit account or to a third party accomplished by written or oral agreement, telephone instructions, electronic means, or automatic clearing house (ACH) at a predetermined time or on a fixed basis.  There is no restriction on transfers to your loan account at Baylake Bank, or withdrawals made in person, ATM, or by mail.  Excess activity fee (Reg D) is $9.00 per withdrawal over six pre-authorized withdrawals. Under federal law, the Bank reserves the right to require at least seven days prior written notice of withdrawal from the account.  However, unless notified by the Bank, you may withdraw your funds at any time.  Your savings account may be subject to certain fees, charges, and penalties including the loss of the stated interest rate if you fail to maintain the required minimum balance.  Fees may reduce earnings.