The Blue Grass Valley Bank
Monterey, VA ♦ (540) 468-1915
Blue Grass, VA ♦ (540) 474-2430
The Blue Grass Valley Bank

Money Market Account

Our Money Market Account combines a competitive rate of interest with check writing benefits, as well as current access to your money.


Rate Information: This account is an interest bearing account. The interest rate and annual percentage yield will depend upon the daily balance in the account as shown on the Rate Chart. The interest rate and annual percentage yield may change. At our discretion, we may change the interest rate on the account monthly. Interest begins to accrue on the business day you deposit non-cash items (for example, checks). Interest will be compounded monthly and will be credited to the account monthly.


Balance Information: We use the daily balance method to calculate the interest on the account. This method applies a daily periodic rate to the principal in the account each day. You must maintain a minimum balance of $2,500.00 in the account each day to obtain the disclosed annual percentage yield.


Limitations: You must deposit $2,500.00 to open this account. Each four (4) week or similar period, you may make six (6) of the following types of transfers from your account: preauthorized or automatic transfer, telephone agreement (including data transmission), order/instruction, or by check, draft, debit card or similar order (including POS transactions) made by the depositor and payable to third parties. Transfers and withdrawals made in person, by messenger, by mail, or at an ATM are unlimited.


Account Fees: The following fees apply to this account:


Activity and Maintenance Fee: $5.00 per withdrawal above six (6) per month.


Withdrawals consist of checks or transfers. A minimum balance fee of $10 will be imposed every month if the balance in your account falls below $1,500.00 any day of the month.