Money Market
Maximizing your savings.
PyraMax Bank money market accounts offer complete liquidity, flexibility, and a competitive return on invested funds. They allow you to manage your money today while investing for the future.
| PREFERRED MONEY MARKET | MAXIMIZER MONEY MARKET | |
|---|---|---|
| MINIMUM OPENING BALANCE | $2,500 |
$10,000 |
| SERVICE FEE | $10 Monthly |
$25 Monthly |
| MINIMUM BALANCE TO AVOID SERVICE FEES | $2,500 |
$10,000 |
| TIERED INTEREST RATE* | Yes |
Yes |
| INTEREST PAYMENT FREQUENCY | Monthly |
Monthly
|
| STATEMENT FREQUENCY | Monthly
|
Monthly
|
| DEPOSITS ALLOWED | Anytime |
Anytime |
| WITHDRAWALS ALLOWED | Anytime** |
Anytime** |
| AVAILABLE FOR OVERDRAFT PROTECTION | Yes |
Yes |
| ONLINE BANKING | Yes |
Yes |
| ATM CARD AVAILABLE | No |
No |
*Rates subject to change at anytime.
**The aggregate number of preauthorized withdrawals, telephone transfers or checks written is limited to six (6) such transactions per statement period.
Client Rewards Program
The Client Rewards Program increases the interest rate on your regular savings and checking accounts. The amount of the increase is based upon the amount of years you have had the account open with Pyramax Bank. Each of the accounts will receive an additional basis point for each year the account has been open once you have reached the two year mark. For example if you have had a Preferred IMMA Account with PyraMax Bank for the past 5 years, your current interest rate is 1.50% Annual Percentage Yield (APY). It will be increased to 1.55% APY with the Client Rewards Program.
Also any new regular savings or checking accounts you open will qualify for the rewards program after they have been open for two years.
- Accounts that qualify for Client Rewards are NOW Checking, Regular Savings, Club Max, and the Preferred IMMA Account.
- Each account identified above will receive one additional basis point for the number of
years the account has been established. A minimum increase of 5 basis points will be given
to all eligible accounts that have been established between two and five years. - Interest rate adjustments will be reviewed annually in August.
- You will see the increased interest rate on the first quarterly or monthly statement you
receive after the annual rate adjustment in August. - It is Easy and Automatic. No sign up or participation is required. You are rewarded for
having your account with PyraMax Bank.
