This is an insured investment account which pays higher interest and provides check writing privileges.
You will receive monthly statements, along with images of your cancelled checks. There is limited check writing on money market accounts. You may have up to six debit transactions a month at no fee, with only three by check or debit card as limited by regulation.
The Money Market Account earns interest when your daily collected balance is $1000 or more. Interest is compounded and paid monthly into your account.
There is a monthly fee of $5 for the Money Market Account. You can avoid the fee with a $1000 minimum
daily balance, or a $2000 average monthly balance.
Individuals and businesses are eligible for Money Market Accounts.
Overdraft Privilege available after qualifying period.
Open this account with a minimum opening deposit of $1000 at your nearest Flagstar National Bank location.