Accounts: Money Market
Account Description: Cornerstone Bank is pleased to offer our Investors Money Market high interest checking account. It typically pays a higher interest then our traditional savings account while giving you instant access to your deposits. It is designed primarily for investors to use as a high interest "holding tank".
This account is best suited for customers who:
- Want to earn the highest interest on their deposit
- Maintain balances greater than $10,000
- Have limited transactions
- Want their check images returned
Requirements
- Minimum balance to open - $5,000
- Minimum balance to earn interest - $5,000
- Transactions are limited to 6 withdrawals (3 checks) per statement cycle (month)
Benefits
- Tiered interest rates
- No transaction fees up to limit of 6
- Book of 40 free checks provided at opening
- Free Internet Banking
Rate Tiers:
| $0 to $4,999 | No Interest Earned |
| $5,000 to $9,999 | Tier I Interest Earned |
| $10,000 to $29,999 | Tier II Interest Earned |
| $30,000 + | Tier III Interest Earned |
Cost
- No monthly service charge if average monthly balance exceeds $5,000
- $10 monthly service charge if average monthly balance falls below $5,000
- $5 per item fee for all transactions over the limit of 6
Options
- VISAŽ Photo ATM/Debit Card
- Secure Advantage Package
- Automatic Account Sweeps
- Direct Deposit
- ACH Automatic Payments
- Wire Transfers
- Internet Banking
- Cornerstone Financial Services Group - Accounting Services
- Investment Professionals, Inc. - Non-Bank Investment Services offered through Celia Gose, Investment Executive
