Money Market

The interest rate and annual percentage yield stated below are accurate as of the last business date.  If you would like more current rate and yield information please call us at (317)-398-9721. We reserve the right to at any time require not less than 7 days notice in writing before any withdrawal from an interest bearing account.

FEE SCHEDULE

• $10.00 monthly service fee when the balance falls below $1,000.00 any day during the statement period.
• Excess debit fee of $5.00 for each third party check withdrawal in excess of 3 per statement cycle.    
• Fee's could reduce earnings

MINIMUM BALANCE REQUIREMENT

• To open this account you must deposit $1,000.00.

VARIABLE RATE

• The interest rate and annual percentage yield for your account depend upon the applicable rate tier.  The interest rate and annual percentage yield for these tiers may change at our discretion.  We may change the interest rate on this account daily.
• The following tiered rates apply to this account:

 Balance                                     Rate              APY

$         .01 - $  9,999.99         0.495%       0.50%

$10,000.00 - $24,999.99        0.793%       0.80%

$25,000.00 - $74,999.99        0.892%       0.90%

$75,000.00 and above            1.041%       1.05%

COMPOUNDING AND CREDITING

• Interest will be compounded monthly and will be credited to this account monthly.
• If the account is closed before interest is credited, you will not receive the accrued interest.

BALANCE COMPUTATION METHOD

• We use the daily balance method to calculate the interest on your account.  This method applies a daily periodic rate to the principal in the account each day.

ACCRUAL OF INTEREST ON NONCASH DEPOSITS

• Interest begins to accrue on the business day you deposit non-cash items (for example, checks).

• Unlimited loan payments and payoffs to loans at this institution.
• Unlimited cash withdrawals in person.
• During any statement period you may not make more than 6 withdrawals or transfers to another account of yours or to a third party by means of a preauthorized or automatic transfer or telephone order or instruction, computer transfer, or by check, draft, debit card or similar order to a third party.

OVERDRAFT PROTECTION

• If Money Market becomes overdrawn, you may arrange for an automatic sweep of funds from your savings account, other checking, or NOW account.  Written customer authorization is required for this service.  The fee for this service will be charged to the recipient account.

ONE OVERDRAFT IN THE FIRST 90 DAYS MAY RESULT IN CLOSURE OF THE ACCOUNT.