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High Yield Money Market

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Summary

Sort of the XXL version of our Money Market. Independent Bank's Index Fund will pay you a higher-than-average rate on your balances.

Benefits:

  • A savings account with checking account privileges
  • Larger balances receive increased yield
  • No minimum balance requirement
  • Competitive interest rates
  • Unlimited over-the-counter transactions at Independent Bank locations

Requirements:

  • Highly competitive interest rate is set and can be changed at the Bank's discretion
  • $25,000 minimum opening balance
  • No minimum balance requirement; only a reduction in interest rate
  • No monthly service charge-the interest rate drops to a lower rate if the balance falls below $25,000
  • Six (6) transfers per month

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