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Farm Bureau Bank Money Market Saving Account Money Market Account

A Money Market Account from Farm Bureau Bank offers the liquidity you need with the higher interest rate you want. More robust than a traditional checking account, it’s just as easy to use.

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features
rates
additional info
terms & conditions
account fees

Money Market Account Overview

Overview	Limited to 6 withdrawals per statement cycle Tiered interest that rewards higher balances Free E-Option Free Direct Deposit and free transfers Free ATM access – certain restrictions apply** Free Checks
Minimum Initial Deposit	$100
MMSA with E-Option	Earn higher interest 24-hour Internet access to Online Statements, Online Bill Pay and Online Funds Transfer
Monthly Service Fees	None. There are no fees on this product for normal use or to open or maintain the account.
Minimum Daily Balance	None

** The initial five (5) ATM transaction fees, with a maximum total of $15, is reimbursed each month. Transactions made outside the U.S. do not qualify for ATM fee reimbursement.

Money Market Account Rates

Balance	Interest Rate	Annual Percentage Yield*
less than $2,500 with E-Option	0.30% 0.40%	0.30% 0.40%
$2,500 - $24,999 with E-Option	0.45% 0.50%	0.45% 0.50%
$25,000 and 49,999 with E-Option	0.50% 0.55%	0.50% 0.55%
$50,000 and up with E-Option	0.50% 0.60%	0.50% 0.60%
Minimum Initial Deposit $100

*Annual Percentage Yield. Interest Rates and Yields shown are effective as of 8/27/2010. Farm Bureau Bank deposit accounts are FDIC insured up to $250,000 per depositor through December 31, 2013. Fees could reduce earnings on the account. Interest rates and corresponding APYs may change at the bank’s discretion.

The Dodd-Frank Wall Street Reform and Consumer Protection Act signed by President Barack Obama on July 21, 2010, made permanent the current standard maximum deposit insurance amount (SMDIA) of $250,000. The FDIC coverage limit applies per depositor, per insured depository institution, for each account ownership category.

Minimum initial deposit for Money Market Accounts is $100. Federal guidelines restrict withdrawals from Money Market Accounts. Excess withdrawals incur a $5 transaction fee.

Money Market Account – Additional Information

E-Option
E-Option for your Money Market Account gives you the convenience of viewing your monthly statements online without the hassle of sorting through paper statements in the mail. Earn a higher interest rate on every dollar you deposit by choosing E-Option.

Visa^® Debit Card
Your Money Market Account comes equipped with a free debit card that can be used to withdraw funds from more than 300,000 ATM machines worldwide.

Checks
Checks are free with a Farm Bureau Bank Money Market Account.

Interest
Our competitive rates allow you to earn interest tiered to reward higher balances.

Money Market Account - Terms & Conditions

Rate Information - The interest rates and annual percentage yields for all Farm Bureau deposit accounts are determined at the discretion of the Bank. The interest rates and annual percentage yields may change at any time. The interest rate for your account will be based on the following daily balance tiers:

Money Market Account

< $2,500
$2,500 - $24,999
$25,000 - $ 49,999
> $50,000

E-Option - If you select the E-Option for your transaction account, you will earn interest on all balances at a rate above the standard rate for the selected account type. If you select the E-option, you will not receive monthly statements via mail unless the Bank is required by applicable law to provide such statements. Transaction history will be made available through the Internet at farmbureaubank.com.

Crediting Frequency	Interest will be credited monthly.
Compounding Frequency	Interest will be compounded daily.
Daily Balance Computation Method	Interest is calculated by the daily balance method which applies a daily periodic rate to the balance in the account each day.
Minimum Balance to Open	The minimum balance to open a Money Market account is $100.00.
Accrual of Interest on Noncash Deposits	Interest will begin to accrue on the business day you deposit noncash items (e.g., checks) into your account.
Effects of Closing an Account	If you close a transaction account within 90 days from the original account opening date, a fee will be assessed. If you close your account by check before interest is paid, you will not receive the accrued interest.
Transaction Limitations	Federal law limits 6 withdrawals per statement cycle. For transactions exceeding federal requirements, see Account Fees.

Money Market Account – Fee Schedule

Replace lost ATM/Debit card	$5.00
Check printing	Fee depends on style of check ordered
Nonsufficient funds items (each) including withdrawals made by check, in person, ATM, or other Electronic means, regardless of whether the item is paid or not	$25.00
Stop Payment – all items	$25
Deposited checks returned unpaid:
Accountholder’s check from another financial institution	$20.00
Third party check	$5.00
Outgoing wire transfer	$20.00
Account research	$15.00 per hour, ½ hour minimum
Copy of statement, special statement, or account activity printout	$5.00
Copy of check (per check)	$1.00
Account closed within 90 days	$25.00
Excessive withdrawals from Money Market Account	$5.00 per item
Cashier’s Check	$5.00 each