Personal

Money Market Accounts

Leading Rate Account (LRA)

Our new LRA offers flexibility and a competitive variable rate of return as a money market account earning the Fed Funds Rate.

  • A variable rate money market account earning the Fed Funds Rate, not to exceed an interest rate of 10%.
  • Two tier product with Tier 1: $0.01 - $50,000.00, directly earing the Fed Funds Rate. Tier 2: $50,000.01 and higher, will be set with a blended APY.
  • Minimum deposit of $0.01 to open.
  • A minimum balance of $0.01 must remain in the account each day to obtain the Annual Percentage Yield.
  • Minimum daily balance requirement of $25,000.00 to avoid a $25.00 monthly maintenance fee.
  • One LRA account per Tax Identification Number and available for both personal and business accounts.
  • Limit of six (6) preauthorized transfers from the account during each month. A $15.00 per item excessive transaction fee will be assessed beginning with the seventh (7th) preauthorized transfer.
  • Interest is compounded daily and credited monthly.

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Atlantic Money Market Account (AMMA)

A single-tier money market account.

  • Variable interest rate money market account.
  • Minimum deposit of $1,500.00 to open.
  • Minimum daily balance requirement of $1,500.00 to avoid the $10.00 monthly maintenance fee.
  • Limit of six (6) preauthorized transfers from the account during each month. A $15.00 per item excessive transaction fee will be assessed beginning with the seventh (7th) preauthorized transfer.
  • Interest is calculated using the daily balance method. This method applies a daily periodic rate to the principal in the account each day. Interest is compounded monthly and will be credited monthly, provided the daily balance does not fall below the minimum balance requirement.
  • There will be a $10.00 charge should the account be closed within 45 calendar days of opening.

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Premium Growth Account (PGA)

A multi-tiered money market account. A solid investment in liquid form.

  • Offers tiered interest rates based on your entire balance.
  • Minimum deposit of $10,000.00 to open.
  • Minimum daily balance requirement of $10,000.00 to avoid the $10.00 monthly maintenance fee
  • Limit of six (6) preauthorized transfers from the account during each month. A $15.00 per item excessive transaction fee will be assessed beginning with the seventh (7th) preauthorized transfer.
  • Interest is calculated using the daily balance method. This method applies a daily periodic rate to the entire principal in the account each day. Interest is compounded monthly and will be credited monthly.

View Rates

Visit your local branch to open a Leading Rate Account, Atlantic Money Market Account or Premium Growth Account.

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Thursday, July 19, 2018