IBC Elite Advantage (Money Market) A competitive interest bearing account with bonus rates on CDs for those who are 50 years of age or older that maintain higher than average balances and have limited check writing needs. This account also offers premium money market rates. No service charge if the required balance is maintained.*
Personal IBC Elite Advantage OverviewChecking Process Header
Maximize your Return on Investment with additional 10 basis points on CDs
Earn interest when balance requirements are met
Tiered Variable Interest Rate
Funds earn competitive interest rates
Interest is calculated using the collected balance
* Account Requirements and Service Fees:
- Maintain minimum daily balance of $5,000 or average collected balance of $7,500 to avoid service charge
- Must have an IBC Elite Checking (N.O.W.) account
- Tiered rate of interest. Requires a minimum daily balance of $5,000 to earn interest
- Interest begins to accrue no later than the business day we receive credit for the deposit of non-cash items (e.g. checks)
- $15 service charge per month if balance requirements are not met
- Per debit charge is $0.25
- Debits are any and all withdrawals made from this account, except for bank associated fees and/or service charges
- Transactions on Money Market Accounts are limited by law. Telephone, third party (checks, drafts & debit card transactions) and pre-authorized transfers are limited to six per month. Pre-authorized transfers include, but are not limited to, transfers processed through IBC Voice, IBC Link and IBC Bank Online. If transaction limits are exceeded on more than an occasional basis, the account type may be changed or account may be closed. Transactions made through Automatic Teller Machines (ATM) or in person over our teller window are unlimited.
- If third party checks written on Money Market account per statement cycle exceed 6, a $10 fee is assessed per check, regardless of minimum balance
- Postage fee based on number of enclosures
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