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Home > Personal Banking > Money Market Accounts > Passport Money Market

Passport Money Market

Madison National Bank's Passport Money Market is designed for the person who wants the convenience of writing checks (subject to Reg D limitations) from their account while earning interest.

  • Tiered interest rate account
  • Madison National Bank Visa Check Card with No annual fee
  • Interest compounds daily, posts quarterly
  • Quarterly statement
  • Free Online Banking and Bill Payment
  • Unlimited withdrawals allowed at the bank
  • $10.00 monthly service charge if average daily collected balance falls below $2,500.00.

Minimum Deposit to Open

Balance to Earn Interest

Rate  

Annual Percentage Yield

$2,500.00 0

$2,500.00 0
$1.00 0

0.75% 0
0.50% 0

0.75% 1
0.50% 0

1

Passport Money Market – The Annual Percentage Yield (APY) is accurate as of September 2, 2010. During the first 60 days, for each day that the balance in your account is $2,500 or more, the entire balance in the account will earn the stated rate at account opening. After the first 60 days, the interest rate and APY will become a variable rate subject to change as determined by the Bank. This is a tiered account. If your daily balance is $2,500 or more, the APY is 0.75%. If your daily balance is below $2,500 the APY is 0.50%. Fees could reduce earnings.This product is available for new money only, the Bank reserves the right to cancel or modify this offer at any time without notice.

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