A GREAT NEW SAVINGS ACCOUNT!
This new account is our Triple Rate Money Market Account. This account provides a product that offers a better rate option for you, our depositors without the commitment of a CD. It features three rate tiers. Hence Triple Rate Money Market!
Here are the features of this great new account:
• Mailed Monthly statements; quarterly if no activity
.10% annual percentage yield
.15% annual percentage yield
.25% annual percentage yield
• Interest is calculated continuously and paid quarterly.
• Must have or open a Miami Savings Bank checking account with a qualified direct deposit to receive rates. Qualified direct deposit is Social Security, payroll, pension, etc., not PayPal or one time credits.
• Minimum $50 opening deposit; no interest will be earned for balances below $2500
• This account is available for individual/ joint accounts.
Can be either new or existing money
Businesses, limited liability, partnerships, and corporations are not eligible.