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 and there are limits on the number of monthly transactions.
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
- Up to six withdrawals per statement cycle (checks, transfers or debit cards); Unlimited in-bank counter withdrawals and Bank of the James ATM transactions.