Tiered interest rates: Interest rates and Annual Percentage Yield (APY) may change in value at the bank's discretion. Fees may reduce earnings. Rates are subject to change.
Transaction limits: Transfers to another account, or to a third party via any means are limited to 6 per statement cycle. A $15 fee will apply to each debit/check transactions exceeding the limitations.
Sweep: A regular sweep of funds from an Extraco checking account to the Money Market Savings Account. It can also be set up to cover any outstanding non-sufficient funds in a checking account to avoid overdraft service fees.
CD Requirements: A minimum of $1,000 required to open a CD and earn the Annual Percentage Yield (APY).