Money Market Accounts
How you invest your hard earned money is important to you. It is also important to us at The Napoleon State Bank to ensure that you receive the best possible advice and open the account that suits all of your needs.
The Money Market Account is a variable interest bearing account with interest that is compounded daily.
This account is available for all customers. The minimum amount to open the account is $2500.00. An average daily balance of $2,500.00 must be maintained to avoid a $10.00 service fee that would be assessed at the time of your statement.
Transactions by check, debit card, or similar third parties are limited to six per statement cycle.
Information About Procedures for Opening a New Account
Money Market Demand Accounts
Rates effective: May 24, 2010
| Minimum Deposit |
APR* |
APY** |
| $2,500-9,999 |
0.40% |
0.40% |
| $10,000-24,999 |
0.50% |
0.50% |
| $25,000-49,999 |
0.60% |
0.60% |
| $50,000-99,999 |
0.80% |
0.80% |
| $100,000 & up |
1.00% |
1.01% |
APY**: Annual Percentage Yield
APR*: Annual Percentage Rate