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Money Market Accounts

Save Money, Make Money

Money market accounts allow you to save money at a higher interest rate than a traditional savings account. PNB offers two account options.

Quick comparison of the Premium Plus Investment Account and the Platinum Plus Investment Account
  Minimum to Open Number of Transactions Monthly Service Fee Interest Bearing
Premium Plus Investment Account $1,000 6 for free, $5 for each item thereafter $15 unless a daily balance of $1,000 is maintained Yes
Platinum Plus Investment Account $10,000 6 for free, $5 for each item thereafter $20 unless a daily balance of $10,000 is maintained Yes

Premium Plus Investment Account

This money market account offers a variable rate of interest earned on the daily collected balance and credited monthly. There is no monthly maintenance fee with a $1,000 daily or $5,000 average monthly balance; lower balances will incur a $15 monthly service fee.

Current Rates

Comparison table of Premium Plus Investment Account.
Product Min. Opening Deposit Int. Rate APY*
$0 - $9,999.99 $1,000 0.150% 0.150%
$10,000 - $24,999.99 $1,000 0.150% 0.150%
$25,000 - $49,999.99 $1,000 0.150% 0.150%
$50,000 - $99,999.99 $1,000 0.200% 0.200%
$100,000 and above $1,000 0.250% 0.250%

Platinum Plus Investment Account

This is our highest rate money market account and is intended for those who wish to keep a minimum of $50,000 in the account daily; the rate will fall substantially for lower balances. A variable rate of interest is earned on the daily collected balance and credited monthly.

There is no monthly maintenance fee with a $10,000 daily balance, but lower balances will incur a $20 monthly service fee.

Current Rates

Comparison table of Platinum Plus Investment Account.
Product Min. Opening Deposit Int. Rate APY*
$50,000 - $99,999.99 $50,000 0.300% 0.300%
$100,000 and above $50,000 0.350% 0.350%

Features

Both money market accounts have the following features:

  • Premium Plus checks
  • Internet banking
  • Touchtone Teller
  • Notary service
  • Cashier’s checks

Limitations

Federal regulations limit the following to six per month:

  • Transfers to other accounts or withdrawals by pre-authorized agreement
  • Telephonic requests
  • Checks
  • Drafts
  • Debit card transactions or similar order payable to third parties

Excess debits are $5 each. Transactions made in person, at a PNB Community Bank ATM or via bank by mail are unlimited.

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