The Money Market Account is a liquid account, with tiered-rates. The higher the balance, the higher the rate, and generally pays a higher-yield than a Primary Savings Account.
Unlike a Certificate, which locks in your money for a set period of time, you have full access to your funds. You can make deposits and withdrawals at any time. This is a completely liquid account, offering full availability for any emergency or short-term needs that might arise.
- The higher the balance, the higher the dividend paid.
- The dividend rate is computed daily and compounded monthly.
- Regulation-D, "electronic" withdrawal limits apply (6 per month).
