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Money Market

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Overview:
During peak seasons for your business, you need a convenient way to manage your extra cash. With a Northway Money Market account, you keep your money working hard and it's still available at a moment's notice.


Features:
  • $1,000 minimum opening balance
  • Maintain at least a $1,000 balance to earn interest on every dollar
  • Tiered interest - the higher your balance, the more you earn
  • Limited check writing - up to six per month
  • Up to six withdrawals per month (including checks)
  • Free online banking
  • Can be linked to checking to prevent overdrafts (Click here for Overdraft Protection Disclosure)
  • Interest compounded daily and credited monthly


Rates & Fees:
  • No monthly fee if you maintain an average balance of at least $1,000 (otherwise $8)
  • First 6 transfers or debits are free each statement cycle then each additional debit will be charged an excess transaction fee of $12. If you continue to have excess debits, your account type may be changed to a transaction account as required by regulation.
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