Advantage Money Management Account
With combined savings and checking features like tiered interest rates, unlimited sweeps, and free online banking, this account provides the best of both worlds to make the most of account balances.
Advantage Money Management Account Features
- Available to all non-personal account holders.
- First Federal business checking account required
- Minimum opening deposit of $2,500
- Monthly maintenance charge of $7 if average balance drops below $2,500
- Rates tiered according to balance: $0 through $2,499; $2,500 through $24,999; $25,000 through $49,999; $50,000 through $74,999; and $75,000 or greater. Now Interest Checking Account rate any day balance drops below $2500.
- Debits are limited to six (6) pre-authorized or automatic transfers per statement cycle period from this account, including transfer debits through the Interactive Voice Response (IVR) System, Online Banking and automatic sweeps of funds. $7 activity charge per item over six per cycle.
- Monthly statement combined with checking account.
- Cash Management sweep of funds option available
- Unlimited sweeps from checking account
- No monthly sweep fee
- FREE Online Banking available