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Retail Products: Money Market & IRA Accounts
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MONEY MARKET ACCOUNT
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IRA MONEY MARKET ACCOUNT
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| Transfers from a Money Market Account by computer, telephone, preauthorized or automatic transfer are limited to six per month with no more than three by check. In-person withdrawals at the bank or at an ATM are not limited. |
Check writing, computer, preauthorized, and automatic transfers are not allowed on IRA Money Market Accounts |
| Average monthly balance* required to avoid monthly maintenance fee: |
$5,000 |
$0 |
| Monthly maintenance Fee: |
$10 |
$0 |
| Charge for each check or withdrawal: |
$0 |
n/a |
| Interest is compounded and credited: |
monthly |
monthly |
| Interest is paid on: |
Average Available Balance* |
Average Available Balance** |
| *The average monthly balance is the sum of the balances in the account for each day of the monthly statement period divided by the number of days in the statement period.
**Cash deposits and transfers are considered available on the same day. Checks that are deposited are considered available on the next business day.
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TAG Program
Ridgestone Bank is participating in the FDIC’s Transaction Account Guarantee Program. Under that program, through December 31, 2009, all noninterest-bearing transaction accounts are fully guaranteed by the FDIC for the entire amount in the account. Coverage under the Transaction Account Guarantee Program is in addition to and separate from the coverage available under the FDIC’s general deposit insurance rules.