Make the Switch to Pinnacle Bank’s
Blue Chip Money Market Deposit Account
.75%…Interest Rate / Annual Percentage Yield-.75%
Looking for a great rate? You’ve just found it at Pinnacle Bank! You'll get an exceptional return on this great account without putting your money at risk and enjoy access to your money when you need it!
- Open with just $10,000
- Make deposits anytime you choose
- Even write up to 3 checks a month
- Up to 6 transfers/withdrawals per month
- FDIC Insured
Blue Chip Money Market Deposit Account
Our Blue Chip account offers excellent rates of return. With our tiered rate structure, the higher the balance, the higher the interest rate and annual percentage yield! Our Blue Chip account can actually help you reach your personal and family goals. Because it pays a competitive rate of interest, and is easily accessible, it's the perfect account to save funds for a new home, a college education or for personal emergencies.
*A minimum deposit of $10,000 is required to open the account, obtain the disclosed annual percentage yield and avoid a $10.00 minimum balance fee. The FDIC insures each depositor to $100,000.
*Withdrawals are subject to a limitation of three-preauthorized or automatic transfers made by check, draft or similar device drawn by the depositor to a third party. If fewer that three third-party drafts are written in a month, three (3) preauthorized or automatic drafts may be allowed. Telephone transfers from a MMDA to another account of the same depositor are restricted to the three transactions per month limitation.
*A $5.00 fee will be charged if more than six (6) preauthorized or automatic transfers are made by check, draft or similar device to a third party.
*There are no deposit limitations.
*Your interest rate and annual percentage yield may change. At our discretion, we may change the interest rate for your account at any time.
*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.
*Interest is computed as daily simple (365/365) and distributed monthly on the statement drop date.
*Interest begins to accrue no later than the business day we receive credit for the deposit of noncash items (example, checks). Refer to the “Reg CC, Availability of Deposits” disclosure for details.
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