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Deposit Products182 Day Money Market Account
- $1,000 minimum deposit to open
- Account closed if balance falls below $l,000
- Fixed term certificate, no additions allowed during term
- Interest rate set by Bank. Interest rate will be effective for the term of the account
- Interest is figured on a daily balance, credited to the account at maturity. Interest will not be compounded
- Interest payment methods: posted to the account at maturity, check sent monthly providing account balance is $5,000 or more or at maturity, or transferred to another KeySavings Bank account monthly, regardless of account balance
- Bank will mail notice of maturity two weeks prior to maturity
- Account will automatically renew as of the maturity date, after the grace period, for a new 182-day term. Renewal interest rate will be the rate in effect on maturity date
- There is a seven calendar day grace period after the maturity date to withdraw funds without a penalty
- Early withdrawal penalty:
Three months interest on the amount withdrawn subject to penalty
- Statement produced monthly
Deposit Products
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