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ONLINE MONEY MARKET ACCOUNTS

Prime Online Money Market:

 

This is an online Money Market Account that can be either Personal or Business. To qualify for this account the customer must have an active checking account with Prime Alliance Bank.

  • Customer must deposit $50.00 to open this account.
  • This is an interest bearing account.
  • Customer must have an active Prime Alliance Bank checking account to qualify for this account.
  • No monthly service fee.  $5.00 fee on any transaction handled at the teller window.
  • Customer opens account in-bank with a New Accounts Representative but manages account online.
  • Paperless statement required.
  • Per Federal Regulation D, you are permitted or authorized to make no more than six transfers and withdrawals, per calendar month or statement cycle (or similiar period) of at least four weeks, to another account (including a transaction account) at this institution or to a third party by means of a preauthorized or automatic transfer, or telephonic (including data transmission) agreement, order or instruction, or ATM card, or similar order made by the depositor and payable to third parties. There will be a service charge of $25.00 per transfer/withdrawal in excess of six limited transfers. If these limits are exceeded 3 times in a rolling 12 months, the account will be changed to a non money market account.

MONEY MARKET ACCOUNTS

Prime Money Market Account:

 

This is a higher interest bearing account with more flexibility than a certificate of deposit.

  • Customer must deposit $50.00 to open this account.
  • This is an interest bearing account.
  • These accounts can be either Personal or Business.
  • Customer must maintain a minimum balance of $1,000.00 to avoid a $10.00 monthly service charge.
  • Per Federal Regulation D, you are permitted or authorized to make no more than six transfers and withdrawals, per calendar month or statement cycle (or similiar period) of at least four weeks, to another account (including a transaction account) at this institution or to a third party by means of a preauthorized or automatic transfer, or telephonic (including data transmission) agreement, order or instruction, or by check, draft, debit card, or similar order made by the depositor and payable to third parties. There will be a service charge of $25.00 per transfer/withdrawal in excess of six limited transfers. If these limits are exceeded 3 times in a rolling 12 months, the account will be changed to a non money market account.

 

Prime Combined Money Market:

 

This is a Money Market Account that can be either Personal or Business.  To qualify for this account the customer must have an active checking account with Prime Alliance Bank. 

  • Customer must deposit $50.00 to open this account.
  • This is an interest bearing account.
  • Customer must have an active Prime Alliance Bank checking account to qualify for this account.
  • Customer must maintain a minimum daily balance of $5,000.00 to avoid a $10.00 monthly service charge.
  • Per Federal Regulation D, you are permitted or authorized to make no more than six transfers and withdrawals, per calendar month or statement cycle (or similiar period) of at least four weeks, to another account (including a transaction account) at this institution or to a third party by means of a preauthorized or automatic transfer, or telephonic (including data transmission) agreement, order or instruction, or by check, draft, debit card, or similar order made by the depositor and payable to third parties. There will be a service charge of $25.00 per transfer/withdrawal in excess of six limited transfers. If these limits are exceeded 3 times in a rolling 12 months, the account will be changed to a non money market account.

Money Market Accounts

TYPEMINIMUM BALANCEANNUAL RATEAPY
Prime Combined MMAUnder $5,0000.10%0.10%
$5,0000.15%0.15%
$20,0000.20%0.20%
$100,0000.30%0.30%
$250,0000.38%0.38%
Prime Money MarketUnder $5,0000.05%0.05%
$5,0000.10%0.10%
$20,0000.15%0.15%
$100,0000.25%0.25%
$250,0000.33%0.33%
Prime Online MMA$1,0000.60%0.60%

Click Here to compare all of our Deposit Account Rates.


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