Money Market Accounts earn a higher interest rate than NOW Checking Accounts but Federal Regulations limit the number of transactions drawn on the account to six per statement cycle. You are allowed six transactions for preauthorized, automatic, telephone or computer transfers or payments by check, draft or similar order to third parties. Over the counter and ATM withdrawals are unlimited.
Minimum Opening Deposit
Monthly Service Fee
A service charge fee of $6.00 will be imposed one time per statement cycle if the balance in the account falls below $1,000.00 at any point during that statement cycle. If you maintain a balance of $1,000.00 or more there are no service fees on this account.
Excess Debit Fee
An excess debit fee of $5.00 will be charged for each debit transaction (withdrawal, check paid, automatic transfer or payment out of this account) in excess of six during a statement cycle.
Overdraft/NSF fees of $25.00 per item will be assessed to Money Market Accounts.
Current Interest Rate*
$1000.00 to $2499.99
$2500.00 or more
* All interest rates and annual percentage yields (APY) indicated are accurate for
only and are subject to change without notice.
Additional Features and Benefits
Secure Online Access
24/7 account access
View balances and statements
Receive balance alerts
Manage all of your finances
Online Money Management Tools
Financial Tracking and Analysis
All individuals and entities may own this type of account.
Transfers from a Money Market Checking Account to another account or third parties by preauthorized, automatic, telephone or computer transfer or by check, draft or similar order to third parties are limited to six per calendar month.
The interest rate and annual percentage yield you will obtain on this account may change at any time. Interest begins to accrue the day you deposit non cash items (for example, checks). Interest will be compounded every month and credited to your account on the last day of the statement cycle.
No interest will be paid on your account on the day or days your balance is less than $1,000.00.
We use the daily balance method to calculate the interest on your account. This method applies a daily periodic rate to the principal in the account each day.
Any services fees or overdraft fees applied to this account may reduce earnings on the account.
If you close your account before interest is credited, you will not receive the accrued interest.
For lost or stolen debit cards, please call 606-785-3158 during business hours. After hours, please call 844-202-5333.
NOTICE: The Bank of Hindman will never request customers to update their account information via telephone or e-mail. If you receive a request of this nature, please contact the bank immediately. Also note, any e-mail message sent via this web site is sent via normal e-mail and is not encrypted. Please do not include any sensitive information such as account numbers, usernames or passwords in the e-mail. The Bank of Hindman is an Equal Housing Lender and Member FDIC.