Sentences with phrase «balance in a money market account»

Not exact matches

Money market accounts, or MMAs, are typically defined as deposit accounts that pay higher interest in exchange for larger deposits, heftier minimum balances and a few more restrictions than what would be typical for standard savings accounts.

In contrast, accounts that guarantee at least the return of your original balance — like certificates of deposit or money market accounts — are always covered, as long as the issuing bank or credit union participates in deposit insurancIn contrast, accounts that guarantee at least the return of your original balance — like certificates of deposit or money market accounts — are always covered, as long as the issuing bank or credit union participates in deposit insurancin deposit insurance.

Definition: Money market accounts pay competitive interest rates (higher than savings accounts) in exchange for the use of your money.Advice: Money market accounts pay higher interest rates because they usually demand that you keep a higher balance.

These HISAs typically pay much higher interest rate than money market funds and are ideal for the cash balance in your Registered Retirement Savings Plan (RRSP), Tax - Free Savings Account (TFSA) and investment accounts.

To be eligible for PNC Private Client, you'll need $ 50,000 or more in combined average monthly balances in your active personal checking, savings, money market accounts and certificates of deposit (excluding any IRA Deposit products) using the most current statement period balance (s) at the time of enrollment.

Yu'e Bao created an immediate stir in the financial community with its Zeng Libao money market fund, which offered significantly higher returns than those available through ordinary bank savings accounts without restrictions such as minimum account balances.

On High Yield Money Market Accounts, if the daily balance is $ 10,000 or more, the interest rate paid on the entire balance in the account will be 0.145 % with an annual percentage yield of 0.15 %.

* Combined balance of UNITY Choice Checking, UNITY Choice Money Market and UNITY Choice Savings accounts ** Sole Proprietors only For more information, see OneUnited Bank Business Account Disclosures in our branches.

They want you to keep your money in the bank, but they also don't want you to have such a high money market account balance that the yield they pay you begins to get fairly sizable.

Even earning the maximum rate requires a relatively large minimum balance, from $ 5,000 in a US Bank Retirement Money Market Savings Account to $ 50,000 in US Bank Platinum Select Money Market Savings.

Some high - yield accounts may also offer higher interest rates than money market accounts, although depositing a higher opening balance in both cases will up your rate.

You can link your Checking accounts to your Savings or Money Market account and use the balance in the linked account to cover any shortfall in your online checking account (up to the full balance of the linked account).

In money market accounts, the bank can use your balance and invest it into other safe investment vehicles where it is expected to grow.

You'll pay no fees and there are no minimum balance requirements with a 360 Savings Account — and you can stash away extra cash in a 360 Money Market or 360 CD if you so choose.

This balance includes both core and other Fidelity money market funds held in the account as well as the amount available to borrow generated from securities held in margin.

2 No Monthly Fee for Santander ® Money Market Savings with any personal Santander checking account or with $ 10,000 average daily balance in the Santander ® Money Market Savings account (otherwise, $ 10.00).

Cash balances in a LOYAL3 account are deposited in the Vanguard Prime Money Market Fund, a money market fund that is not insured or guaranteed by the Federal Deposit Insurance Corporation (FDIC) or any other government agMoney Market Fund, a money market fund that is not insured or guaranteed by the Federal Deposit Insurance Corporation (FDIC) or any other government aMarket Fund, a money market fund that is not insured or guaranteed by the Federal Deposit Insurance Corporation (FDIC) or any other government agmoney market fund that is not insured or guaranteed by the Federal Deposit Insurance Corporation (FDIC) or any other government amarket fund that is not insured or guaranteed by the Federal Deposit Insurance Corporation (FDIC) or any other government agency.

All members are required to have a $ 5 membership share balance in any of the following accounts: Checking Account, Savings Account, Money Market Account, Share Certificate or Individual Retirement Account.

The deposit is often placed in a money - market account and is returned if the card is closed in good standing and with no unpaid balance.

Combined balances include the average monthly balance in the Relationship Checking account plus the average monthly balance in all Business Statement Savings, Business Money Market Accounts and Business Certificates of Deposits at the end of the statement cycle; all accounts must be owned by the same business entity.

Average daily balances for the statement cycle in eligible linked checking, savings and money market savings accounts, AND

Maintain a combined balance of $ 25,000 in checking, savings, money market accounts, CDs, loans or line of credit

Failure to maintain the minimum balance, at any time, in the Money Market account will result in forfeiture of dividends and a $ 10.00 monthly fee.

Any amount above a target balance in your Business Checking automatically moves to an Insured Money Market Account (IMMA).

Normally there is a $ 16.95 (or $ 14.95 with direct deposit) monthly service charge if combined monthly average balance of $ 4,000 in checking, savings or money market accounts or $ 20,000 in combined deposit (checking, savings, CDs or money market) or home equity and installment loan balances is not maintained.

May be combined balance in any combination of the following personal accounts: checking, money markets, savings, CDs, IRAs, installment loans and lines of credit.

$ 10,000 daily minimum balance combined in related checking, savings, money market, CD / IRA, trust and investment accounts

Keep your balance above $ 1,500 (can include balance in eligible linked Citibank savings or money market accounts)

For example, if you have a money market account that has a minimum balance of $ 5,000, then you've told the bank that at all times you will have at least $ 5,000 in that account.

You can avoid this fee when you meet any ONE of the following requirements during each monthly statement cycle: Keep an average daily balance in your checking or a linked Regular Savings account of $ 5,000 or more OR Keep a $ 10,000 average daily combined balance in linked checking, savings, Money Market Savings, CD and IRA accounts OR Keep an outstanding balance on a linked installment loan or line of credit of $ 15,000 or more OR Keep total combined assets in eligible, linked Merrill Edge or Merrill Lynch investment accounts of $ 15,000 or more OR have a linked Bank of America first mortgage loan that we service.

In general, we found that money market accounts at standard brick - and - mortar banks are similar to regular savings accounts, except that they offer better rates at the cost of higher account fees and higher minimum balance requirements.

A money market account does require a larger balance to be maintained in the account.

Money market accounts may be a good fit for those who have relatively higher balances in their accounts on a consistent basis, but who also want to be able to access the funds on demand.

$ 10K average combined monthly balances in any combination of the following personal accounts: checking, money markets, savings, CDs, IRAs, installment loans, and lines of credit.

Contagion fears, which have been exacerbated by recent negative ratings action by Moody's on France's top three banks — BNP Paribas, Credit Agricole and Societe Generale — has seen a sharp drop of S18 billion in short - term lending to European banks since May as money market accounts and dealer balance sheets are becoming more risk averse, according to Barclays research.

M2 includes M1, plus savings accounts, time deposits of under $ 100,000, and balances in retail money market mutual funds.

These HISAs typically pay much higher interest rate than money market funds and are ideal for the cash balance in your Registered Retirement Savings Plan (RRSP), Tax - Free Savings Account (TFSA) and investment accounts.

In addition to our award - winning customer service, customers also find that we have no minimum balance or monthly service fee on our high yield or money market savings accounts.

Alaska USA offers three types of money market accounts which differ in minimum balance and rate of return.

The $ 25 monthly service charge will be waived for your first two (2) statement cycles and may be waived thereafter when you maintain at least $ 25,000 combined average monthly balance per statement cycle in this Bank of the West Premier Checking account plus other eligible personal Bank checking, money market, savings, CDs, and IRAs, and prior end - of - month account balances in eligible BancWest Investment Services investment accounts.

The $ 25 monthly service charge will be rebated for your first two (2) statement cycles and may be rebated thereafter when you maintain at least $ 25,000 combined average monthly balance per statement cycle in this Bank of the West Premier Checking account plus other eligible personal checking, money market, savings, CDs, IRAs, and eligible BancWest Investment Services investment accounts.

In contrast, the money market account and CDs require at least $ 2500 average daily balance to maintain the account with no fees.

As with our Rewards Checking interest - bearing account and our CashBack Checking account options, you can link your Platinum Checking account to your Smart Savings or Smart Money Market account, and you can use the balance in the linked account to cover any shortage in your Platinum Checking account up to the full balance of the linked savings or money market accMoney Market account, and you can use the balance in the linked account to cover any shortage in your Platinum Checking account up to the full balance of the linked savings or money market acMarket account, and you can use the balance in the linked account to cover any shortage in your Platinum Checking account up to the full balance of the linked savings or money market accmoney market acmarket account.

In contrast, accounts that guarantee at least the return of your original balance — like certificates of deposit or money market accounts — are always covered, as long as the issuing bank or credit union participates in deposit insurancIn contrast, accounts that guarantee at least the return of your original balance — like certificates of deposit or money market accounts — are always covered, as long as the issuing bank or credit union participates in deposit insurancin deposit insurance.

If you wish, you can link your CashBack checking account to your Bank of Internet USA Smart Savings account or Smart Money Market account and use the balance in the linked account to cover the shortfall in your online checking account up to the full balance of the linked account.

Inactivity is defined as a 365 - day period during which there were no customer - initiated transactions on any Citadel account in which case a $ 5 inactivity fee will be applied to each checking, savings, and money market account, if the combined balance of all deposit accounts is less than $ 500.

Balance Protection links your Macatawa Bank personal checking account to another Macatawa Bank account — such as a personal savings, money market or another checking account Balance Protection automatically transfers available funds to cover purchases and prevent declined transactions if you do not have enough money in your personal checking account.

As the cash balance in your ordinary expense checking account rose, you would periodically transfer cash to an interest bearing money market account periodically.

Each account is eligible to have one, but only one, of the eligible fees (Excessive Withdrawal, Insufficient Funds, Stop Payment, or Money Market Minimum Balance) waived in a calendar year.

One way money market accounts differ from savings accounts at many banks is in the minimum opening deposit and the monthly minimum balance.