*Promotional rate limited to Oak Park River Forest branches only.
Interest rates are set at the Bank’s discretion and are subject to change without notice. We reserve the right to cancel or change this promotion at any time. Accounts closed before the interest payment date will not earn accrued interest for that period.
New money only. A $1,000 minimum deposit is required to open the account. The minimum daily balance required to earn interest is $2,500. If the daily balance falls below $10,000, and is equal to or above $2,500, the interest paid on the entire balance in the account will be 0.025% with an APY of 0.03%. When the daily balance is $10,000 or greater the interest rate paid on the entire balance will be 0.499% with an APY of 0.50%. A $10,000 minimum daily balance is needed to obtain the stated APY and to avoid the $25 monthly fee.
You must maintain the minimum required balance in the account each day to obtain the annual percentage yield listed above. We use the daily balance method to calculate interest on the account. This method applies a daily periodic rate to the principal in the account each day. Interest begins to accrue on the business day you deposit any non-cash items (for example, checks).
Money Market accounts are limited to six (6) withdrawals or transfers, which include telephone transfers, online banking transfers, checks, drafts, debit card transactions, preauthorized transfers, or similar orders made to third parties per statement cycle. An excessive withdrawal fee of $10 will be charged for each transaction in excess of six per monthly statement cycle and will be deducted from your account at the end of each statement cycle. Fees may reduce earnings on the account. See Account Disclosure for terms and conditions.
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