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Lake City Bank's Investor's Money Market account offers you a high yield without tying up your money for an extended period of time. It offers convenient access any time, any day of the week with the peace of mind of deposit insurance coverage through the FDIC. This is a comprehensive money management solution.
Features of the Account
- Minimum deposit to open: $5,000
- No commission fees
- High yield combined with accessibility
- Monthly statements
- Interest compounded daily
- Allows 6 withdrawals per statement cycle (3 may be in the form of a check)*
- Both individual and corporate accounts are available
- Monthly income
- FDIC insured -- safe and secure
- Tiered rate: the larger the balance, the higher the rate.
Investor's Money Market is a variable rate account. The rates/yields are subject to change weekly and without notice. For balances under $4,999, no interest is paid. *Federal Regulations permit six withdrawals/monthly statement cycle. Frequent occurrences of excess withdrawals may result in the account being closed. A transaction fee of $5 for each transaction over 6 (limited type) per statement and fees may reduce the earnings on the account. This product is available only to individuals and businesses in our market area. We reserve the right to deny deposits from outside our market area. All accounts covered by FDIC insurance. |
