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Accounts: Investment Money Market

 

Description:

This account provides an advanced checking account with a tiered interest rate that increases as your balance increases.

 

Features:

  • Minimum balance to open  - $2,500.00
  • Six free withdrawals per month
  • No more than three of the six withdrawals can be made to a 3rd party

Benefits:

  • Free monthly statements
  • Check and Deposit images are returned with monthly statement
  • Free phone inquiries and transfers through The 24/7 Phone Bank
  • Free TransPecos Internet Banking
  • Interest is a tiered rate structured as follows:
$100,000.00 and over   Rate Tier 1
$50,000.00 to $99,999.99   Rate Tier 2
$25,000.00 to $49,999.99   Rate Tier 3
$10,000.00 to $24,999.99   Rate Tier 4
$2,500.00 to $9,999.99   Rate Tier 5
Under $2,500.00   Rate Tier 6 
Variable rate    

Fees:

  • Monthly service charge if the balance in your account on any day of the statement cycle falls below the amounts shown below: 
Under $2,500.00   $10.00
$2,500.00 and over   No Charge
  • $10.00 per item charge for excess withdrawals
  • $15.00 fee if Account is Closed before 1st Cycle
  • $25.00 fee to Reopen Account
  • Variable Rate

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