The Power of Compound Interest in a Money Market Account
Make the most of your money. Enjoy the benefits of compound interest with a money market account from Morris Building & Loan. Our accounts ensure you make the most of your money by compounding your interest and allowing you to earn more on your balance. As with all investments, the more money you deposit, and the longer the period of time, the more you stand to earn.
Morris Regular Money Market
With a Morris Regular Money Market Account, you can enjoy monthly compounded interest. Enjoy the benefit of a low minimum balances of either $1,000 daily balance or an average daily balance of $2,500. Your first box of checks is free. To open the account a low minimum of $1,000 deposit is required. For any reason your balance falls below either of the stated minimums in a statement cycle, a monthly fee of $10 may be incurred.
Morris Preferred Money Market
This Preferred Money Market offers you competitive Tiered Interest Rates with monthly compounded interest. This account generally earns a higher rate of interest than the Regular Money Market. You will also receive your first box of checks free. All the terms and fees are the same as the Regular Money Market, with the exception of a minimum opening deposit of $40,000.
All Money Market Account Transaction Limits and Terms
All of our money market accounts have a limit of six debit transactions per statement cycle. There is a $25 fee for each transaction in excess of six. Any fees may reduce your earnings. All rates on Money Markets are subject to change at anytime and without notice.