A Money Market Account (MMA) is a dividend-earning account with the potential to generate higher returns than a
checking account. Because of the potential for higher returns, we require a minimum balance of USD 2,500 in an MMA to avoid service charges.
A Money Market Account may appeal to you if you are looking to invest money earmarked for a near-term expense, such as the down payment of a house, the purchase of a new car, or tuition payments. Funds may be withdrawn from a MMA at any time without any penalties.
If you do not need to access the funds in the near-term, and/ or you can not meet the MMA minimum balance requirement, you may want to consider a