Money Market Accounts 

Money Market ($1,000 deposit to open)

Ø      $1,000 minimum balance required to avoid service charge.

Ø      $10 fee per statement cycle if at anytime the balance falls below minimum requirements.

Ø      Provides higher interest rate than interest checking accounts.

Ø      Maximum withdrawal allowed are six per month, three of which can be checks.

Ø      Early closing fee of $10 if closed within first three months.

Ø      Refer to Deposit Rates for current interest rates.

Ø      Cancelled checks retained by bank.

Ø      FDIC insured.

Progressive Money Market ($10,000 deposit to open)

Ø      $10,000 minimum balance required to avoid service charge.

Ø      $10 fee per statement cycle if at anytime the balance falls below minimum requirements and rate then reverts to savings rate.

Ø      Tiered interest rate based on 91-day treasury.

Ø      Interest rate changes on the fifth business day of each month.

Ø      Unlimited in-house deposits and withdrawals.

Ø      Maximum withdrawal allowed are six per month, three of which can be checks.

Ø      Early closing fee of $10 if closed within first three months.

Ø      Refer to Deposit Rates for current interest rates.

Ø      Cancelled checks retained by bank.

Ø      FDIC insured.