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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.

  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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