Our Money Market Plus account provides you with a higher interest rate, but still allows you easy access to your money.
Money Market Plus Account
Details
- Balances up to $50,000 receive APY of .50%; and balances over $50,000 earn .40% interest rate on the portion of balance over $50,000, resulting in a range from .50% to .44% APY depending on the account's balance (assuming an average balance of $125,000)
- Enjoy flexibility with enhanced access to funds including direct check writing
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- Unlimited in-person withdrawals
- 6 free transfers or withdrawals per month*
- Avoid $15 monthly service fee by maintaining a $2,500 minimum daily balance
- Free online banking
- Free mobile banking
- Free eStatement ($4 for paper statements)
- Online bill pay available
- $2,500 minimum deposit in new money (funds not already on deposit at Newton Federal Bank)
- Only one account per Social Security number
*No more than 6 transfers and withdrawals, per statement cycle, to another account of the depositor at the same institution or to a third party by means of a preauthorized, automatic, telephone, order of instruction, check, draft, or similar order. There will be a $5 excessive withdrawal fee for any additional debit transactions. Rates may change after account opening. APY accurate as of 10/01/2020. Fees may reduce earnings.
Balances up to $50,000 receive APY of .50%; and balances over $50,000 earn .40% interest rate on the portion of balance over $50,000, resulting in a range from 50% to .44% APY depending on the account's balance (assuming an average balance of $125,000)
Dormant Account Information - Savings accounts are dormant if for two years you have had no communication with us about your account. There is a charge of $5.00 per month once the account is dormant.
New Money Required - Funds not already on deposit at Newton Federal Bank.?