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Extraco has a savings product for every dream, for every need. Choose an option that matches your financial goals and start growing your "green" today!
| Money Market Investment | |||
|---|---|---|---|
| Balance up to | Interest Rate1 | APY Annual Percentage Yield |
APPLY NOW |
| $0 - $2,499 | 0.05% | 0.05% | |
| $2,500 - $9,999 | 0.10% | 0.10% | |
| $10,000 - $24,999 | 0.15% | 0.15% | |
| $25,000 - $49,999 | 0.25% | 0.25% | |
| $50,000 - $99,999 | 0.35% | 0.35% | |
| $100,000 - $249,999 | 0.40% | 0.40% | |
| $250,000 - $499,999 | 0.55% | 0.55% | |
| $500,000 - $999,999 | 0.60% | 0.60% | |
| $1,000,000 and above | 0.65% | 0.65% | |
| Certificate of Deposit (CD) | |||
| Balance | Interest Rate1 | APY Annual Percentage Yield |
APPLY NOW |
| $1,000 - 1 year2 | 1.00% | 1.00%3 / 1.00%4 | |
Rates effective 11/07/2009
- Interest rate and APY may change in value at bank's discretion. Fees may reduce earnings. A penalty may be imposed for early withdrawal.
- Extraco offers multiple maturity dates for CDs, from 30 days to five years. Click on Online Chat for more information.
- APY for periodic interest payments made either by check or direct deposit.
- APY for compounded interest is deposited back into the account.
| Account Features | Money Market Investment | Certificate of Deposit (CD) |
|---|---|---|
| Earns Interest1 | Yes (tiered interest) | Yes |
| Minimum to Open | $0 | $1,000 |
| Minimum to Maintain | $0 | $1,000 |
| Number of Transactions | Limited2 | Limited3 |
| Monthly Service Charge | None | None |
| Electronic Statements | Available | Not Available |
| Free ATM/Debit Card | Not Available | Not Available |
| Free E-Bank | Available | Not Available |
| Free Bill Pay | Available | Not Available |
| Senior Benefits6 | Yes | Not Available |
| Free Identity Theft Services | Available5 | Not Available |
| Other Benefits | Higher interest with higher balance Sweep Available4 |
Higher interest with increased relationship |
| APPLY NOW | APPLY NOW | |
Choose the savings option that best matches how you want to grow and access your money.
- See rate tab for current rates on interest earned.
- Transfers to another account, or to a third party via any means, are limited to 6 per statement cycle. A $15 fee will apply for debit transactions subject to and exceeding the transaction limitations.
- Substantial penalties are charged for early / partial withdrawals. Click on Online Chat for more information.
- A regular sweep of funds from an Extraco checking account to the Money Market Investment acct.
- Identity theft protection is available through www.Deluxe.com or by phone, 877.838.5287.
- Seniors benefits include free basic checks and up to five free cashier's checks, money orders, and single-signature traveler's checks per month.
Do I have to keep the money in my Money Market Investment for a minimum period of time?
No. There are no maturity restrictions on the Money Market Investment so you can earn high interest without tying up funds!
What happens if I need to access the money I deposited in a Certificate of Deposit?If you must access the money deposited in a Certificate of Deposit prior to the maturity date of the CD, you will have to pay a penalty fee. See the Account Comparison tab for more information.
Can I open up a Money Market Investment for my business?Yes. A Money Market Investment account is a smart way for a small business to earn high interest on excess funds. You can even set up a sweep from your Small Business Checking account to your Money Market Investment.
How can I access the funds in my Money Market Investment account?You can access your funds four different ways: through funds transfer on E-Bank, Phone24, at the ATM, or over-the-counter transactions in a financial center. Special checks are available upon request at customer expense. Click on Online Chat for more information.
