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
