farmbureaubank.com | FB MEMBER Money Market Account
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https://www.farmbureaubank.com/Deposits/FBMemberMMSA

Farm Bureau Bank Performace Checking FB MEMBER Money Market Account

Our FB MEMBER Money Market account is a special high-yielding savings option intended to help you maximize your returns while providing access to your funds. This account is intended for large, stable deposit balances for Farm Bureau members, county/parish Farm Bureau offices and Farm Bureau insurance agencies only.

FB MEMBER Money Market Account - Highlights

Overview
  • The Annual Percentage Yield (APY) of the FB MEMBER account is based on the Money Fund Report™ Averages - All taxable 7-Day Simple Yield, a service of iMoneyNet, Inc.
  • The advertised FB MEMBER rate applies to balances over $25,000. APY for balances less than $25,000 will match the bank's great Money Market Account rates.
  • Convenience of viewing your statements online with E-Option.
Minimum Initial Deposit $25,000


FB MEMBER Money Market Account - Rates

Balance Interest Rate Annual Percentage Yield*
less than $2,500 0.05% 0.05%
$2,500 - $24,999 0.10% 0.10%
$25,000 and up 0.30% 0.30%
Minimum Initial Deposit $25,000


FB MEMBER Money Market Account - Additional Info


E-Option
FB MEMBER Money Market accounts offer the convenience of viewing your monthly statements online without the hassle of sorting through paper statements. 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 farmbureau.bank.

Interest
Farm Bureau Bank Money Market Accounts are interest-earning accounts. Our competitive rates are tiered to reward higher balances.

FB MEMBER Money Market Account - Terms & Conditions

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:

FB MEMBER Money Market

  • < $25,000
  • > $25,000

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 FB MEMBER account is $25,000.00.
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 6 withdrawals per statement cycle. For transactions exceeding federal requirements, see Account Fees.


FB MEMBER Money Market Account - Fees

The following fees may be assessed against your account:

Replace lost ATM/Debit card $5.00
Check printing Fee depends on style of check ordered
Nonsufficient funds items (each) including withdrawals made by check, in person, ATM, or other Electronic means, regardless of whether the item is paid or not $30.00
Stop Payment - all items $25.00
Deposited checks returned unpaid:
- Accountholder’s check from another financial institution $20.00
- Third party check $5.00
Outgoing wire transfer $20.00
Account research $15.00 per hour, ½ hour minimum
Copy of statement, special statement, or account activity printout $5.00
Copy of check (per check) $1.00
Account closed within 90 days $25.00(early withdrawal penalties apply to CDs
Excessive withdrawals from Money Market or HSA-Savings $5.00 per item
Cashier's Check $5.00 each
HSA Administration fees Maximum of $3.00 a month, may vary based on account type
HSA Closure fee $25 if closed within 3 years of open date

*Annual Percentage Yield. Interest Rates and Yields shown are effective as of 09/22/2017. Farm Bureau Bank deposit accounts are FDIC-insured up to $250,000 per depositor. Fees could reduce earnings on the account. Interest rates and corresponding APYs may change at the bank’s discretion.



* Rates disclosed as Annual Percentage Rate (APR) and Annual Percentage Yield (APY). Farm Bureau, FB, and the FB National Logo are registered service marks owned by, and used by Farm Bureau Bank FSB under license from, the American Farm Bureau Federation. Farm Bureau Bank FSB is a service-to-member institution which provides banking services to Farm Bureau members and others in participating states. Services are not available in the following states: IL, KS, MI, MO, NY, OH, and WY.