Money Market Account
Planters Bank offers a money market account that provides a competitive rate of interest while allowing immediate access to funds. This account typically pays a higher rate of interest than the traditional savings account. Interest is accrued on a daily collected balance and is credited and compounded monthly.
|Money Market Account Features|
|Minimum Opening Deposit||$500|
|Monthly Service Charge||$0|
|Minimum Balance to Avoid Service Charge||$500|
|Unlimited Withdrawals||May be made if done in person, by mail, by messenger, or at an ATM|
|Transfers||Limited to 6 transfers per month to another account with us or to a third party by means of a pre-authorized, automatic, or telephone to a third party.|