Premium Money Market
Premium Money Market includes exclusive benefits, including unlimited ATM and loan payment options. Listed below are additional details.
- Free internet banking, bill pay and eStatements
- Tiered interest
- Complimentary first order of Farmers Bank checks
- Complimentary Visa check card
- $10 monthly maintenance fee waived with $1,000 minimum daily balance
- Unlimited ATM and loan payment options
- Interest is compounded and paid to the account every month
- Interest begins to accrue on the business day you make your deposit
- Limited monthly transactions 3 checks per month and 3 ACH or telephone transfers
- The rate is variable and subject to change; please call to inquire
- Use your Visa check card in any ATM and we will not charge you. Another bank may charge you for the use of their ATM.
If you close your account before interest is credited, you will receive the accrued interest due if funds remain in the bank. Partnerships and corporations do not qualify for Premium Money Market Accounts due to Federal Regulations. No monthly service charge unless the balance falls below $1,000. If the balance falls below $1,000 during any day of the monthly statement cycle, the monthly service charge is $10.00. Minimum of $25,000 required to receive the Premium Interest Rate; Rate is tiered under $25,000, based on HIFI Money Market Rate. Transfers from a Premium Money Market account to another account or to third parties by preauthorized, automatic or telephone transfers are limited to six per month with no more than three by check, draft or similar order to third parties. Unlimited loan payment transfers and ATM transactions are permitted.
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