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First State Bank and Trust Co.

Money Market

Money Market Demand Accounts (MMDA) allow you the flexibility of accessing your funds as you need them while still having access to competitive interest rates.

  • $2,500 deposit is required to open an MMDA account.
  • Interest rates are tiered and will be compounded monthly and credited to your account on a monthly basis.
  • A minimum balance fee of $8 will be imposed every month if the balance in the account falls below $2,500 any day of the month. The minimum balance fee will not be imposed if you maintain an average daily balance during the statement cycle of $2,500 or greater.
  • MMDA accounts are permitted 6 free withdrawals per month and assessed a $10.00 fee for each additional withdrawal.
  • Free online bill pay. Pay bills or make payments 24 hours a day, seven days a week.
  • Online banking is included with your money market demand account at no charge.
  • A monthly formal bank statement reflecting your account activity is mailed or emailed to you each month. An image of your canceled checks will be included.
  • Visa® Debit Card (subject to credit approval).

Visit your local First State Bank & Trust Co., Inc. branch to open an account and learn current rates.