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Money Market Account |
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 With
a Riverfront Money Market Account, you can invest your money at a competitive
rate while maintaining access to your funds. It's easy to put your money to
work with this convenient account:
- Low minimum balance - Begin investing with as
little as $500.
- Competitive rates - Earn a higher dividend rate
than many other money market accounts offered.
- Easy account access - Access your funds conveniently
with Money Market checks. Enjoy 24-hour account access through Dial Direct
(phone access system). You may also make unlimited deposits to your Money
Market Account through payroll deduction, direct deposit, the mail, or in
person.
- Frequent fund access - Perform up to six
transactions each month, three of which can be withdrawals and 3 of which can
be transfers. Money Market checks are also considered transfers.
How to apply
To start investing with Riverfront, Contact Us
for an application. A financial service representative will help you determine what options best meet your needs.
*Federal
Regulations D limits the number of automatic, pre-authorized, or telephone
transfer to 6/month.
| Money Market Account | | Rates Effective: 4/1/2008 | APY* |
| $500.00 to $4999.99 | 1.50% |
| $5000.00 to $9999.99 | 1.75% |
| $10000.00 or more | 2.00% |
*Annual percentage yield.
Fees could reduce earnings on the account(s). The disclosed dividend rates
are variable and may change after the member opens the account(s). |
Investment Disclosure
IMPORTANT NOTICE TO MEMBERS WHO HAVE A MONEY MARKET,
TRADITIONAL/ROTH IRA, OR A COVERDELL EDUCATION SAVINGS SHARE ACCOUNT
The credit union is amending the dividend rate structure on the Money Market,
Traditional/Roth IRA and Coverdell Education Savings (CESA) Share accounts.
Effective September 1, 2007, the credit union will calculate dividends on these
accounts using a tiered rate structure. The accounts will earn a dividend rate
based on the tier in which the account balance falls each day, as shown in the
charts below. Beginning next month, the Rate Chart in this newsletter will list
the corresponding APYs for these tiers.
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