Minimum Balance for Money Market Accounts
Money market accounts can amplify your earning potential. While money market accounts are similar to savings accounts, they feature considerably higher interest rates and require higher minimum balances. At Carthage Savings, we offer money market accounts with competitive, tiered interest rates and flexible access to funds. Contact us today to learn more about our money market accounts, or visit your local branch during business hours to speak with our friendly, knowledgeable staff in person.
What's the Minimum Balance for Money Market Accounts from Carthage Savings?
At Carthage Savings, our money market accounts require a $2,500 minimum deposit, and by maintaining a $2,500 minimum daily balance, you’ll be able to avoid the $5 monthly service fee. Our competitive, tiered interest rates also start on balances of at least $2,500. The more you have in your account, the higher the potential earnings.
Benefits of Money Market Accounts
In addition to the tiered interest system, Carthage Savings’ money market accounts offer the following benefits:
- Enhanced access to funds
- Unlimited transfers and withdrawals made in person, by mail or at an ATM
- Three free checks per month; $3 per check thereafter
- Six free transactions per month by preauthorized automatic, telephone, check, draft, debit card or other similar order*
- Free online banking
- Free mobile banking
- Free eStatements
Apply Online for a Money Market Account
*Federal regulations limit the number of certain types of transactions from interest bearing accounts. You are limited to six preauthorized electronically funded transactions, including online transactions, per statement cycle. Each transaction through Carthage Savings online from your savings or money market account is counted as one of those transactions.