Like to earn interest on every penny? Why not let our great money market rates work for you? We know you work hard for your money - Let one of our money market accounts work hard for you.
Prime Time Money Market Account
Minimum to open: $5,000
Service Charge: $15.00 if balance falls below $5,000 during statement cycle.
Frequency of Rate Change: When Wall Street Journal Prime Rate changes, as often as daily. Rate adjustments will be applied to your account within 3 business days of the effective date of the rate change.
Limitation on rate changes: There are no limitations on rate changes; however the interest rate will never be greater than 9.00% or less than 1.00%.
Transaction Limitations: You may make 6 transfers from the account per statement cycle, but only 3 may be payments by checks, drafts, debit card or similar orders to third party.
Rate Calculations: Interest accrues daily based on collected balance and is added to account monthly.
Balance range |
Rate calculation |
$.01 to $24,999.99 |
Wall Street Journal Prime minus 5.75%
(minimum 1.00% - maximum 9.00%) |
$25,000 to $99,999.99 |
Wall Street Journal Prime minus 4.75%
(minimum 1.50% - maximum 9.00%) |
$100,000 to $499,999.99 |
Wall Street Journal Prime minus 3.25%
(minimum 2.00% - maximum 9.00%) |
$500,000 and up |
Wall Street Journal Prime minus 2.50%
(minimum 2.50% - maximum 9.00%) |
Premium Money Market Account
Minimum to open: $5,000
Service Charge: $15.00 if balance falls below $5,000 during statement cycle.
Determination of Rate Change: At our discretion, Frontier Bank may change the interest rate on your account.
Frequency of Rate Change: Frontier Bank may change the interest rate on your account as often as daily.
Transaction Limitations: You may make 6 transfers from the account per statement cycle, but only 3 may be payments by checks, drafts, debit card or similar orders to third party.
* Interest begins to accrue no later than the business day we receive credit for the deposit of noncash items (checks).
Your "available balance" may include an overdraft privilege amount. Each item that could result in an insufficient funds status, whether paid or returned, may be charged a fee in accordance with Frontier Bank's latest fee schedule. The amount of any overdraft fees are subject to change without notice. Any overdraft amount must be repaid or covered within 60 days to avoid having your account placed in a charge-off status. Payment of any overdraft(s) is done at the discretion of Frontier Bank regardless of any overdrafts that have been paid in the past. Any transaction, whether it be check, ATM, debit, POS (Point-of-Sale), or ACH (Automated Clearing House) which results in the account being placed into an insufficient funds status are subject to overdraft privilege fees. Please see your account disclosure and Schedule of Fees and Charges.
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