Federal Deposit Insurance Corporation - FDIC-Insured - Backed by the full faith and credit of the U.S. Government
Federal Deposit Insurance Corporation - FDIC-Insured - Backed by the full faith and credit of the U.S. Government
A money market account at Catalyst Bank offers tiered interest rates that scale with your balance, giving your savings the earning power they deserve without sacrificing the accessibility you need. As you grow your deposits over time, your rate increases to match, creating a dynamic savings experience that rewards every dollar you commit.
| Money Market | Account Information | |
|---|---|
Rate Information: | Money Market | Account Information To view our current Money Market rates click here |
Frequency of rate changes: | Money Market | Account Information We may change the interest rate on your account at any time. |
Compounding and crediting frequency: | Money Market | Account Information Interest will be compounded every day. Interest will be credited to your account at the end of every statement cycle. If you close your account before interest is credited, you will receive the accrued interest. |
Minimum balance to open the account: | Money Market | Account Information You must deposit $2,500.00 to open this account. |
Minimum balance to avoid Imposition of fees: | Money Market | Account Information A service charge fee of $5.00 will be imposed each monthly statement cycle if the average daily balance for the monthly statement cycle falls below $1,000.00. The average daily balance is calculated by adding the principal in the account for each day of the period and dividing that figure by the number of days in the period. The period we use is monthly. |
Minimum balance to obtain the annual percentage yield disclosed. | Money Market | Account Information You must maintain a minimum balance of $2,500.00 in the account each day to obtain the disclosed annual percentage yield. |
Daily balance computation method: | Money Market | Account Information We use the daily balance method to calculate the interest on your account. This method applies a daily periodic rate to the principal in the account each day. |
Accrual of interest on noncash deposits: | Money Market | Account Information Interest begins to accrue on the business day you deposit noncash items (for example, checks). |
Transaction limitations: | Money Market | Account Information During any monthly statement cycle, you may not make more than 6 withdrawals or transfers to another account of yours or to a third party by means of a preauthorized or automatic transfer or telephone order or instruction, computer transfer, or by check, draft, debit card or similar order to a third party. |
Fees: | Money Market | Account Information A service charge fee of $1.00 will be charged for each withdrawal in excess of six (6) per statement cycle. |
Visa check card/ATM: | Money Market | Account Information No |
Free checks: | Money Market | Account Information No checks for this account |
There has never been a better time to put your savings in an account built for growth. Call us or visit any of our branches and speak directly with one of our banking specialists. They will answer every question, explain your options in full, and ensure your account is opened with your financial objectives in mind. We look forward to welcoming you.
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Branch Contact Numbers:
Lafayette – 337-279-5900
Opelousas – 337-948-3033
Harry Guilbeau – 337-678-4111
Port Barre – 337-585-2301
Carencro – 337-520-2281
Eunice – 337-457-8196