Flexibility with savings account interest.
An interest-bearing money market account offers some of the flexibility of a checking account paired with the interest structure of a savings account. While interest rates for this account are normally higher than those for our checking accounts, minimum balance requirements are higher.
Money Market Account Details:
Minimum to Open: $2,500
Interest Bearing: Yes
Monthly Fee: No monthly service fee by maintaining a minimum balance of $2,500
ATM Fees: No transaction fee for use of Bank of the James ATMs
Free Checks: Free personalized standard wallet-style checks
Free Safe Deposit Box: No
- Interest paid on two tier levels: $2,500 to $99,999.99; and $100,000 to $999,999.99; $1,000,000 maximum balance