Crediting and Compunding:
Interest will be credited as of the last day of the month for the amount earned during that month and compounded monthly. Interest will be available for with withdrawal on the first business day after the interest has been credited. If the account is closed before the end of them month, the accrued interest will not be credited.
Collateral:
These funds may not be pledged as collateral on a loan while the funds are in the money market; however, the funds may be transferred to a share/savings account or a Term Share Certificate and then be used as collateral on a credit union loan. This account may not be pledged as collateral at any other financial institution.
Overdraft Protection:
Overdraft Projection may be authorized from your money market account. Overdrafts are done in amounts as needed depending on the amount available and the type of transaction.
