This account earns a competitive rate of interest on your funds. Tiered balances offer you the benefit of earning more interest based on your account balance.
Money Market Account1
(1) Transfer and withdrawal restrictions: As per Regulation D, Money Market Account depositors are not permitted to make more than six (6) restricted transfers or withdrawals in any combination per statement cycle. RESTRICTED TRANSFERS AND WITHDRAWALS include automatic or electronic transfers to the account of the same depositor at Peoples Security Bank and Trust if made by autodraft to/from checking or savings; automatic transfers by Telephone Banking, Online Banking or Mobile Banking; or checks payable to a third party. Transfers or withdrawals to third parties each month include ACH preauthorized transfers and Automatic transfers by telephone or PSBT Online Bill Pay. UNRESTRICTED TRANSACTIONS: An unlimited number of savings withdrawals or transfers are allowed when made between accounts of the same depositor in the following situations: in person, by ATM, by telephone with a check mailed to the customer, or to repay a loan at PSBT by autodraft.
(4) Accounts enrolled to receive electronic statements only will not incur a statement fee. A $2 paper statement fee will be charged per statement cycle effective 10/1/22. Must be currently enrolled in PSBT Online Banking in order to receive eStatements.
FULL DISCLOSURE OF OUR MONEY MARKET ACCOUNT IS AVAILABLE UPON REQUEST