American State Bank

Money Market Accounts

PREMIER MONEY MARKET ACCOUNT

Provides easy access to funds while earning a more competitive interest rate. Interest is compounded daily and credited monthly.
Balance Information:  We use the average daily balance method to calculate interest on your account. This method applies a daily periodic rate to the principal in the account each day.
Limitations:  You must deposit $1,000.00 to open this account.
Account Fees:  Minimum daily balance of $2,500.00 is required to avoid a $10.00 service charge per statement cycle.

MONEY MARKET SAVINGS

Enjoy savings with a more competitive interest rate.
Balance Information:  We use the average daily balance method to calculate interest on your account. This method applies a daily periodic rate to the principal in the account each day.
Limitations:  You must deposit $500.00 to open this account. You may make six (6) withdrawals per quarter by the following methods: automatic transfers, preauthorized payments, telephone banking and wire transfers. No more than three (3) of the six (6) limited withdrawals may be by drafts. A $10.00 fee will be assessed for each transaction exceeding these limits.
Account Fees:  Minimum daily balance of $2,500.00 is required to avoid a $10.00 service charge per statement cycle.

   
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