Hometown Community Bank Website

Money Market Account

Features:

  • 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 disclosed annual percentage yield - You must maintain a minimum daily balance of $2,500.00 in your account each day to obtain the disclosed annual percentage yield.

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.