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Money Market Account – an account opened by banks and savings institutions in response to competition from shares of investment funds. Banks and savings institutions pay a higher percentage on this account in comparison with current accounts.
Money Market Account cannot be the primary account on a debit card. Items deposited over 25 per statement are charged $0.25 each.
Transfers include checks, electronic, overdraft coverage and telephone transactions. Account balances under $200 per statement period are charged a $2 service fee.