Prime Money Market Account
As the Prime Rate continues to climb, the interest rate on your Valley Bank Prime Money Market account increases automatically.
No Minimum Balance.
No monthly Service Charge.
Earn 55% of the current Prime Rate for balances of $25,000 or greater.
Earn 25% of the current Prime Rate for balances of $ $24,999 or less.
This Variable rate is tied to the Prime Rate as published in the Wall Street Journal and the interest rate will move up or down based on the movement of Prime. Rate changes will be effective the 1st calendar day of each month. Fees could reduce the earnings on the account. Because the Prime Rate is subject to change daily, please contact any Valley Bank branch for the current rate, options and details.
You may only make six pre-authorized, automatic, online banking, ACH, wire or telephone transfers or withdrawals per statement cycle. Only three of the six transactions may be made by check, draft, debit card/POS, or similar order to third parties. Each check over the limit generates a five ($5.00) for individual and ($10.00) for commercial service charge. Unlimited withdrawals and transfers are allowed by mail, automatic teller machine (ATM), messenger, or in a branch. If you exceed the transfer limitations set forth in any statement cycle your account will be subject to closure. The minimum transfer amount is $1.00.
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