Spectrum Select Money Market

Customers with a Spectrum Select Checking Account can receive exclusive benefits and rates with a Spectrum Select Money Market Account.  Your interest rates increase based on your balance so it's easy to meet your savings goals. 

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Minimum Opening Deposit
$2,500
Minimum Daily Balance
$5,000
Interest Bearing

Yes, blended2

Monthly Service Charge
$15
How to Avoid Monthly Service Charge
Maintain $5,000 minimum daily balance
Statements

•  Free eStatements
•  Paper statements available at no cost

Withdrawal Restrictions

•  Limited to six (6) preauthorized, Bank-By-Phone, automatic, or online transfers per statement cycle
•  $10 per item/occurrence if account does not comply with the withdrawal restrictions

ATM Fee

•  Unlimited free transactions at all BankFinancial owned ATMs
•  Four free transactions per month at non-BankFinancial ATMs, see Fee Schedule thereafter3

Your Account Comes With

•  BankFinancial Basic Money Market Checks4
•  50% Discount on all Non-Basic/Duplicate Checks
•  Free Cashier’s Checks & Money Orders
•  24/7 Bank-by-Phone
•  ATM Check Card
• Online Banking
    - Online Bill Pay
    - Mobile Banking
    - Mobile Check Deposit
    - Bank to Bank Transfer
    - POP Money Transactions

1.  Must have a Spectrum Select Checking account or the account will revert to Personal Money Market.
2.  Blended Interest rate. Only the portion of the account balance within each tier earns the rate applicable to that tier.
3.  There may be a fee imposed by the owner of the other Terminal or Network.
4.  40 checks per order. Non-duplicate checks.


Personal Money Market Accounts

 

Personal Money Market

Spectrum Select Money Market1

Minimum Opening Balance

$500

$2,500

Minimum Daily Balance

$2,500

$5,000

Interest Bearing

Yes, tiered2

Yes, blended2

Monthly Service Charge

$10

$15

How to Avoid

Monthly Service Charge

·   Primary account holder needs to be 65 years or older OR

·   Maintain $2,500 minimum daily balance

·   Maintain $5,000 minimum daily balance

Statements

·   Free eStatements

·   $3 for paper statements

·   Free eStatements

·   Paper statements available upon request at no cost

Withdrawal Restrictions

·   Limited to six (6) preauthorized, automatic, Bank-by-Phone or online transfers per statement cycle

·   $10 per item/occurrence fee if account does not comply with withdrawal restrictions

·   Limited to six (6) preauthorized, automatic, or online transfers per statement cycle

·   $10 per item/occurrence fee if account does not comply with withdrawal restrictions

ATM Fee

·   Unlimited free transactions at all BankFinancial owned ATMs

·   See Fee Schedule for non-BankFinancial ATMs3

·   Unlimited free transactions at all BankFinancial owned ATMs

·    Four free non-BankFinancial ATM transactions3  See Fee Schedule for additional transactions.

Your Account Comes With

·   ATM Card

·   24/7 Bank-by-Phone

·   Online Banking

·   Online Bill Pay

·   Mobile Banking

·   Mobile Check Deposit

·   Bank-to-Bank Transfers5

·   POP Money Transactions5

      ·   Free for 65 & older

      ·   Paper statements
  ·   BankFinancial Basic Money Market Checks4

     ·   50% discount on all non-basic/duplicate checks 

·   BankFinancial Basic Money Market Checks4

·   50% discount on all non-basic/duplicate checks

·   Free Cashier’s Checks & Money Orders

·   24/7 Bank-by-Phone

·   ATM Check Card

·   Online Banking

·   Online Bill Pay

·   Mobile Banking

·   Mobile Check Deposit

·   Bank-to-Bank Transfers

·   POP Money Transactions


1. Spectrum Select Checking required or account will revert to Personal Money Market.
2. Tiered rate: The interest earned on the entire account balance is determined by the tier in which the account balance falls. Blended Interest rate: Only the portion of the account balance within each tier earns the rate applicable to that tier.
3. There may be a fee imposed by the owner of the other Terminal or Network.
4. 40 checks per order. Non-duplicate checks.
5. See Fee Schedule for standard fees.