Insured Money Market Account (IMM Account)

At a glance

An interest bearing, limited transaction account.

Best For

Businesses that want check writing privileges and a competitive interest rate.


  • A variable interest rate that may change weekly, not tied to any index. Interest is compounded and paid monthly.
  • Monthly statement with paid check images.
  • Withdrawals limited to 6 per month by federal law.
  • Free account access via Telebank and Internet Banking.

Minimum Balance

Minimum balance of $2,500 is required to earn interest on the account for that day.


  • No monthly maintenance fee if average daily balance is $2,500 or more; otherwise a fee of $10 per statement cycle.
  • An excess withdrawal penalty of $3.00 for each withdrawal over 6 during a monthly cycle.