Money Market Deposit Account

With the Money Market Deposit Account from the Cedar Valley Bank and Trust, make your money work for you and boost your savings power with competitive money market interest rates.  Give us a call to discuss if you would be eligible for the account and how you can transfer funds to start earning interest.

Money Market Deposit Account details:

TIERS:
$2,500 UP TO $19,999
$20,000 UP TO $49,999
$50,000 AND OVER

• $2,500.00 minimum opening deposit
• Monthly statements
• Interest will be compounded and credited monthly
• $2,500 minimum balance to earn interest at the stated Annual Percentage Yield
• $1,000 minimum balance to avoid a monthly base charge of $10.00 (plus tax)
• Interest begins to accrue on the business day you deposit noncash items (for example checks)
• At our discretion we may change the interest rate on your account daily
• We use the average daily balance method to calculate interest. This method applies a periodic rate to the average daily balance in the account for the period. The average daily balance is calculated by adding the principle in the account for each day of the period and dividing that figure by the number of days in the period.
• Limitations for this account: During any calendar month or statement cycle of at least four weeks, you may not make more than six withdrawals or transfers to another account or to a third party by means of a preauthorized or automatic transfer or telephone order or instruction.
• Free Telebanking, Internet Banking and E-Statement Services
• Click to view other Fees and Services