Hometown Community Bank Website

Money Market Account


  • Earn interest as long as your account balance is $2,500.00 or over
  • Interest rates are tiered so higher balances mean higher interest rates
  • Free Online Banking
  • Free Mobile Banking
  • Free eStatements with check images

Rate Information - Your interest rate and annual percentage yield may change.

Frequency of rate changes - We may change the interest rate on your account at any time.

Determination of rate - At our discretion, we may change the interest rate on your account.

Minimum balance to open the account - You must deposit $2,500.00 to open this account.

Minimum balance to avoid imposition of fees - A minimum balance fee of $10.00 will be imposed every monthly statement cycle if the balance in the account falls below $2,500.00 any day of the monthly statement cycle.

Minimum balance to obtain the annual percentage yield disclosed - You must maintain a minimum balance of $2,500.00 in the account each day to obtain the disclosed annual percentage yield. The average daily balance is calculated by adding the principal in the account for each day of the period and dividing that figure by the number of days in the period. The period we use is the monthly statement cycle.

Daily balance computation method - Interest is calculated by the daily balance method which applies a daily periodic rate to the balance in the account each day.

Accrual of interest on non-cash deposits - Interest begins to accrue on the business day you deposit non-cash items (for example, checks).

Transaction limitations: Transfers from a Money Market account to another account or to third parties by preauthorized, automatic, or telephone transfer are limited to six per month.

Fees: An excess activity penalty fee of $10.00 will be charged for transactions (withdrawal, check paid, automatic transfer or payment out of this account) exceeding six total per month.