In the current falling interest rate environment, it's big news when a bank offers a high rate on savings accounts. Right now, you can earn 3.00% APY on Money Market accounts until December 31, 2008 with a minimum deposit of $10,000. Checking account required to earn this great Money Market rate. Don't have a checking account with us? Don't worry. Open one. Our Money Market rate is good for new customers, too.
* APY (Annual Percentage Yield). Minimum opening deposit of $10,000. Introductory rate is valid until December 31, 2008 on balances over $10,000. Rates accurate as of 6/12/08. After 12/31/08 rates will convert to the standard tiered interest rates. New or existing checking account is required to receive 3.00% yield on Money Market account. Accounts must be opened by August 1, 2008 with funds not currently on deposit at Northern Neck State Bank. Minimum daily balance to earn rate is $10,000. Transactions limitations apply. Fees may reduce earnings.
FDIC Member
Standard interest rate and APY (annual percentage yield) is variable and tiered according to balance maintained:
| Lower Tier | Upper Tier | Interest Rate | Annual Percentage Yield |
| $0 | $9,999.99 | 1.00% | 1.00% |
| $10,000 | $24,999.99 | 1.49% | 1.50% |
| $25,000 | $49,999.99 | 1.74% | 1.75% |
| $50,000 | $99,999.99 | 1.98% | 2.00% |
| $100,000 | $499,999.99 | 2.08% | 2.10% |
| $500,000+ | 2.18% | 2.20% |
Limited to six transfers per statement cycle; with no more than 3 by check to third parties
Checks available at no charge
$10.00 monthly fee if balance drops below $2,500.00; (standard minimum balance)
Available to individuals and businesses
See Truth in Savings Disclosure for additional details
Please contact one of our branch locations for details and they will assist you in opening your Money Market account today!