Relationship MMDA

RELATIONSHP MONEY MARKET

This account is limited to individuals for personal use who currently maintain a Relationship Checking account. Interest rates are determined at the Bank’s discretion and are subject to change at any time. Please refer to the “Blackhawk Bank & Trust Consumer Rate and Information Sheet” for more information.

  • Minimum deposit to open the account is $50,000.00.
  • No minimum balance required to earn interest.
  • This account contains a monthly service charge of $15.00 if the minimum daily balance for the monthly statement cycle falls below $50,000.00.
  • You may make three (3) transfers, withdrawals, checks or a combination of such during the monthly statement cycle; a per transaction fee of $10.00 per transaction fee is charged for transactions in excess of three.
  • This is a tiered rate account. Interest rates will differ depending on whether the customer meets required qualifications for each monthly statement cycle. In order to meet qualifications, you must maintain a positive daily balance within a Relationship Checking account.
  • If qualifications are not met, all balances are still eligible to earn interest.
  • Interest begins to accrue no later than the business day we receive credit for the deposit of non-cash items (for example, checks).
  • The daily balance method is used to calculate the interest on the account. This method applies a daily periodic rate to the principal in the account each day.
  • Interest will be compounded monthly and credited to the account on a monthly basis.
  • The interest accrual method is 365/365 days.
  • A monthly inactivity fee of $5.00 will be assessed after 6 consecutive months of no transaction activity within the account.
  • A monthly dormant account fee of $10.00 will be assessed after 12 months of no transaction activity within the account.

Regulation D Statement: For this account type, any transfers, withdrawals, or checks to another account or to third parties initiated by preauthorized, automatic, or telephone transfers are limited to six (6) per calendar month. If these limitations are exceeded, this account may be converted to a checking account or your ability to initiate transfers or withdrawals may be restricted.

     
***These rates are effective May 30, 2019 and are subject to change without notice.
**See Terms and Conditions for full Qualification details.
* No minimum balance required to earn interest.
* Interest begins to accrue no later than the business day we receive credit for the deposit of non-cash items (for example, checks).
* The daily balance method is used to calculate the interest on the account. This method applies a daily periodic rate to the principal in the account each day.
*There is a substantial penalty for early withdrawal on CD’s.
* A withdrawal, interest rate change or imposition of fees will reduce earnings.
* The Annual Percentage Yield and Interest Rate disclosed are based on the bank’s disclosed compounding frequency for the appropriate term certificate.
* Interest will be compounded monthly and credited to the account on a monthly basis.
* The interest accrual method is 365/365 days.
* Fees may reduce earnings.
Relationship Money Market Account**Minimum Deposit to Open AccountMinimum Balance* to Obtain the Annual Percentage YieldInterest RateAnnual Percentage Yield
- If qualifications are met
Daily balance of less than $50,000$50,000.00 NONE0.25%0.25%
Daily balance $50,000 to $149,999.99$50,000.00$50,000.001.79%1.80%
Daily balance $150,000 to $299,999.99$50,000.00$150,000.001.98%2.00%
Daily balance of $300,000 or more$50,000.00$300,000.002.09%2.11%
- If qualifications are not met:
Daily balance of less than $50,000$50,000.00NONE0.15%0.15%
Daily balance $50,000 to $149,999.99$50,000.00$50,000.000.50%0.50%
Daily balance $150,000 to $299,999.99$50,000.00$150,000.000.60%0.60%
Daily balance of $300,000 or more$50,000.00$300,00.000.70%0.70%

View our complete list of disclosures for the new checking accounts.

View our existing checking accounts.

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