Valley Savings Bank Indexed Money Market Investment Account
The Indexed Rate Formula: The tiered Annual Percentage Yield (APY) for each tier is a stated percentage of the 30-day rolling average of the three-month London Interbank Offered Rates (LIBOR), adjusted weekly (The Average). The three-month LIBOR can be found in the Money Rates section of the Wall Street Journal. This is a variable rate account. Rates and conditions subject to change without notice.
Account Features and Benefits
- Minimum deposit to open is $5,000.00
- Also available for business accounts
- Interest compounded monthly
- No monthly service charge
- No inactivity fee
- Free monthly statement
- Check access available
- Free 24-hour telephone access
- Free online banking and account access
- Up to six electronic, pre-authorized or telephone transfers per month
- Unlimited withdrawals or deposits
- All conditions and limitations of a money market account apply
- FDIC insured up to maximum amount allowed by law
Bank rules and regulations apply. All Valley Savings Bank accounts are FDIC insured for the maximum amount allowed by law.
Debit Card Overdraft
