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A Money Market account, paying a premium
dividend rate, is an excellent way to grow your savings and still
be able to withdraw funds when you need them. A Tower Money Market
account:
- Earns daily dividends, credited monthly
- Includes free checks
- Has no monthly service charges or fees
- Requires an initial balance of $2,500
- Track transactions, transfer funds, reorder
checks, and view your cancelled checks in Home
Banking.
The variable rate is subject to change
weekly. If the balance in your account drops below $2,500, the remaining
funds will earn Tower's current checking account rate each day the
account balance is below the minimum.
Withdraw funds from your Money Market account by check, by telephone
or online in Home Banking by transferring funds to another account,
or by pre-authorizing account debits.*
*Federal regulations limit the total number of electronic funds transfers from any non-transactional account—Prime Share (savings), Clubs, and Money Market—to six (6) per month; this includes online Cross Member Transfers and Funds Transfers. The total of six (6) transfers can include no more than three (3) cleared checks per month from a Money Market account. You can make an unlimited number of transfers and withdrawals through the mail, at an ATM, and in person. Transfers made to a Tower loan account are not included.
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