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Choosing the free E-Option for your Money Market Savings Account gives you
the convenience of viewing your monthly statements online without the hassle of
sorting through paper statements in the mail. You also earn a higher interest
rate by choosing E-Option on every dollar you deposit.
Your Money Market Savings Account comes equipped with a free ATM card that
can be used to withdraw funds from more than 300,000 ATM machines worldwide.
Farm Bureau Bank Money Market Savings Account offers checks for free.
Farm Bureau Bank Money Market Savings Accounts are interest-earning accounts.
Our competitive rates are tiered to reward higher balances. Click here for rates.
Rate Information- The interest rates and annual
percentage yields for all Farm Bureau deposit accounts are determined at the
discretion of the Bank. The interest rates and annual percentage yields may
change at any time. The interest rate for your account will be based on the
following daily balance tiers:
Money Market Savings
< $2,500
$2,500 - $24,999
$25,000 - $ 49,999
> $50,000
If you select the E-Option for your transaction account, you will
earn interest on all balances at a rate above the standard rate for the
selected account type. If you select the E-option, you will not receive monthly
statements via mail unless the Bank is required by applicable law to provide
such statements. Transaction history will be made available through the Internet
at www.farmbureaubank.com.
| Crediting Frequency |
Interest will be credited monthly. |
| Compounding Frequency |
Interest will be compounded daily. |
| 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. |
| Minimum Balance to Open |
The minimum balance to open a Performance Checking account is $100.00. |
| Accrual of Interest on Noncash Deposits |
Interest will begin to accrue on the business day you deposit noncash items
(e.g., checks) into your account. |
| Effects of Closing an Account |
If you close a transaction account within 90 days from the original account
opening date, a fee will be assessed. If you close your account by check
before interest is paid, you will not receive the accrued interest. |
| Transaction Limitations |
Federal law limits withdrawals to 6 per statement cycle (3 of which can be checks
and/or debit card transactions). For transactions exceeding federal requirements,
see fee schedule. |
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Equal Housing Lender. Farm Bureau Bank is an Equal Opportunity Employer.