Money Market Deposit Accounts – Altoona, PA & Duncansville, PA
Money Market Deposit Accounts at Investment Savings Bank
A Money Market Deposit Account (MMDA) at ISB is designed to help you save while still having the option of making managed withdrawals/transfers during each monthly statement cycle. ISB’s MMDA is a tiered rate account. You initial deposit of $2,500 accrues interest on a daily basis and your interest rate will increase each time your balance rises to a certain level.
The tiered rate MMDA at ISB is a great way for savers to have funds accessibility and earn interest based on their account balance – the more your money grows, the more you earn.
Availability of MMDA at Investment Savings Bank:
Available to any individual, sole proprietorship, or non-profit corporation, partnership and for-profit corporate entity. Certain restrictions may apply.
Minimum Investment:
Minimum deposit of $2,500.00 to open.
Insurance:
Funds are insured up to $250,000 by FDIC.
See Rates for Checking Accounts Below >
Checking Accounts
| Account | Minimum Balance to Obtain APY | Interest Rate | Annual Percentage Yield | Disclosure |
|---|---|---|---|---|
| Basic Checking | NA | No Interest | No Interest | View Basic Checking Disclosure |
| Money Market | Less Than $2,500.00 | *0.05% | *0.05% | View Money Market Disclosure |
| Money Market | $2,500.00 - $9,999.99 | *0.10% | *0.10% | View Money Market Disclosure |
| Money Market | $10,000.00 - $24,999.99 | *0.25% | *0.25% | View Money Market Disclosure |
| Money Market | $25,000.00 - $49,999.99 | *0.50% | *0.50% | View Money Market Disclosure |
| Money Market | $50,000.00 - $99,999.99 | *0.70% | *0.70% | View Money Market Disclosure |
| Money Market | $100,000.00 and Above | *0.90% | *0.90% | View Money Market Disclosure |
| NOW Account | $0.01 | *0.01% | *0.01% | View NOW Account Disclosure |
Accessibility:
You may make up to six preauthorized or automatic withdrawals per monthly statement cycle, three of which may be by check. These my be transfers/payments by check, draft, or similar order to third parties or to another account at ISB through Mobile Banking or preauthorized arrangements to cover overdrafts on a checking account.
There are no limits to the number of deposits to your account, transfers for the purpose of repaying your loan at ISB or transfers and withdrawals made in person at a branch through night deposit or sent in by mail.
Benefits of Money Market Deposit Accounts from ISB:
- Investment account rates with restricted check writing.
- No monthly service charge.
- Interest earned on all balances.
- Monthly Statement.
Money Market Deposit Accounts at Investment Savings Bank
A Money Market Deposit Account (MMDA) at ISB is designed to help you save while still having the option of making managed withdrawals/transfers during each monthly statement cycle. ISB’s MMDA is a tiered rate account. Your initial deposit of $2,500 accrues interest on a daily basis and your interest rate will increase each time your balance rises to a certain level.
The tiered rate MMDA at ISB is a great way for savers to have funds accessibility and earn interest based on their account balance – the more your money grows, the more you earn.
