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Home > Deposit Products > Savings Accounts > Money Market Deposit

Money Market Deposit

A Money Market Deposit Account is a savings account that earns a competitive interest rate and provides the depositor access to funds by check.

Features:

Up to 6 withdrawals or transfers may be made per month without a fee
Unlimited withdrawals in person
Additional deposits may be made to account at any time and in any amount
FDIC insured

Benefits:

Convenience
Flexibility
Safety

Opening Requirements:

Minimum $2,500.00
Social Security Number or Tax ID number

Who is Eligible:

Individuals
Businesses, including partnerships & corporations
Organizations

Inez Deposit Bank

Notice Of Changes In Temporary FDIC Insurance Coverage For Transaction Accounts

All funds in a "noninterest-bearing transaction account" are insured in full by the Federal Deposit Insurance Corporation from December 31, 2010, through December 31, 2012. This temporary unlimited coverage is in addition to, and separate from, the coverage of at least $250,000 available to depositors under the FDIC's general deposit insurance rules.

The term "noninterest-bearing transaction account" includes a traditional checking account or demand deposit account on which the insured depository institution pays no interest. It also includes Interest on Lawyers Trust Accounts ("IOLTAs"). It does not include other accounts, such as traditional checking or demand deposit accounts that may earn interest, NOW accounts, and money-market deposit accounts.

For more information about temporary FDIC insurance coverage of transaction accounts, visit www.fdic.gov.

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