PERSONAL BANKING
Mega Money Market Account Information
If you are looking for the best option for your large investment, look to 1st International Bank.
Similar to a regular Money Market, the Mega Money Market Account allows you to invest $25,000.00 wisely into an account that will help you plan for your future.
Mega Money Market Account Information:
| Minimum Deposit to Open |
$25,000.00 |
| Minimum Balance to Avoid Charges |
$25,000.00 |
| Monthly Fees |
An item fee of $15.00 will be imposed every statement cycle if balance falls below $25,000.00 at any day of the cycle. |
| Other Fees |
An item fee of $10.00 will be charged for each debit transaction in excess of 6 per month. |
| Transaction Limits |
You may make no more than 6 preauthorized withdrawals or transfers per month to another account of yours at 1st International Bank or to a third party. |
| Rate Information |
Interest rate and annual percentage yield may change at any time. |
| Determination of Rate |
If the average daily balance falls below $25,000.00 the rate will drop to our regular passbook savings rate. This account earns interest in tiers and will vary depending on tier. Tiers are as follows:
- $0 - $25,000.00
- $25,000.00 - $49,999.99
- $50,000.00 - $99,999.99
- $100,000.00 - $249,999.99
- $250,000.00 and above
|
| Compounding and Crediting Frequency |
Interest will be compounded and paid monthly. If the account
is closed before interest is credited, accrued interest will not be paid. Interest
begins to accrue on the next business day after the banking day you deposit non-cash items. |
For further information, please call 1-800-996-5554 or refer to our contact page
