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.
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.
Both money market accounts have the following features:
- Premium Plus checks
- Internet banking
- Touchtone Teller
- Notary service
- Cashier’s checks
Federal regulations limit the following to six per month:
- Transfers to other accounts or withdrawals by pre-authorized agreement
- Telephonic requests
- 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.