Central Tiered Money Market Account
The Central Tiered Money Market Account at CNB is for the individual who wants the maximum return on their funds while having access to those funds at any time with limited restrictions. Having a tiered Money Market account means that the more your money grows, the more you earn. Once your money reaches a certain amount, your interest rate increases. Traditional savings accounts do not offer that benefit. This account is ideal for people who have large amounts of money that they do not want to leave in a low interest savings account.
- Minimum deposit of $100 to open a Central Tiered Money Market Account
- Interest rate is based on tiers. Ask for current rate information.
- $00.00 – $9,999.99
- $10,000 – $24,999.99
- $25,000 – $49,999.99
- $50,000 – $99,999.99
- $100,000 – and above
- Increasing rate applies only to the portion of balance within the given range
- Interest accrues daily on all collected balances and is deposited into your account monthly
- Interest rate can change weekly, so you have the benefit of the highest rates available
- Account holders are limited to three transfers or withdrawals during each monthly statement cycle
- Funds are insured by the FDIC up to $250,000

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