Money Market Deposit Accounts (MMDAs)

Rates effective:

Min to Open Max Balance Interest Rate APY
$2,500.00 $2,499.99 0.3% 0.3%
$2,500.00 $9,999.99 0.3% 0.3%
$10,000.00 $10,000.00 1.05% 1.06%

Account Comparison

FeaturesCheckingSavingsMoney Market Deposit
Minimum Account Balanace No Minimum Balance $50.00 Minimum Balance $2,500.00 Minimum Balance
Account Fee $5.00 Monthly Service Fee unless Daily Account Balance is always greater than $500.00 No Monthly Account Fee No Monthly Account Fee
Maxmium Number of Monthly Withdrawls Unlimited Monthly Withdrawls and Transfers 6 Maximum Monthly Withdrawls and Transfers - $1.50 per withdrawl or transfer after 6 6 Maximum Monthly Withdrawls and Transfers - $1.50 per withdrawl or transfer after 6
Debit Card Yes, $10 Annual Fee Not Available Not Available
Checks Yes, $16.99 and up cost for checks Not Available Yes, $16.99 and up cost for checks
APY 0.15% 0.30% $2,500.00-$9,999.00 = 0.30%
$10,000.00 and greater = 1.05%

A penalty may be imposed for withdrawals before maturity.
Please contact an employee of Beardstown Savings concerning fees which may reduce yields and terms in regard to the above accounts or call (217)323-1400
APY = Annual Percentage Yield
Annual percentage yield means a percentage rate reflecting the total amount of interest paid on an account, based on the interest rate and the frequency of compounding for a 365-day period.