Money Market Deposit Account
Cape Ann Savings Bank's Money Market Deposit Account offers competitive interest rates. The minimum balance to open a Money Market Deposit Account is just $500; with a monthly limit of six pre-authorized transfers. If your daily balance falls below $500, the interest rate reverts to that of the current NOW Account rate. An optional ATM/Debit card is available with the Safe and Sound Money Market account.
- Limit of 6 pre-authorized transfers per month, no less than $250 each
- If balance falls below $500, rate reverts to the current NOW Account rate
- eStatements available FREE through Online Banking
- ATM/Debit card is available (optional) see fee schedule
|Product Name||Interest Rate||Annual Percentage Yield (APY)||Minimum daily balance to open account and to earn APY|
|Money Market Account||0.25%||0.25%||$500.00|
* This account is a variable rate account. The interest rate may change after the account is opened.
Rates are applicable as of 3/30/2017.
Trust & Financial