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Prime Money Market 

 

 

Click Here To Open Your Prime Money Market Account Online

 

With Inland Bank's Prime Money Market you don't have to worry about introductory or teaser rates that only last for a short period of time. That's because our Prime Money Market is indexed to the Wall Street Journal Prime Rate and updated monthly. Features include:

  • $10,000 to open
  • Rate indexed to Wall Street Journal Prime Rate
  • New Money Only

 For more information call 1‐833‐235‐7879.

                               
    Minimum Balance to Obtain the APY – You must keep this balance in the account each day         Margin Percentage of WSJ Prime rounded to the nearest 1/100th of one percent         Annual
Percentage
Yield (APY)
    Interest Rate as of 05/01/2018

     $10,000 and above          40.00%          1.90%    

1.88% on the entire balance in your account


 

Available to non-business accounts. New money only. New money is defined as money not on deposit with Inland Bank at or within 90 days prior to account opening. $10,000 minimum deposit required to open account. $10,000 minimum daily balance required to obtain the stated Annual Percentage Yield (APY) and avoid $25 service charge. (See rate tiers below) Variable rate tiered product. Interest is calculated and paid on the entire balance in your account. The interest rate and the APY may change and are based on a margin percentage of the Wall Street Journal (WSJ) Prime. Rates are accurate as of 05/01/18 and tiers are: Tier One $0-$9,999 = 0.00% APY / Interest Rate of 0.00%; Tier Two $10,000 and up = APY of 1.90% which is 40.00% of WSJ Prime / Interest Rate = 1.88%. We may change the interest rate and APY on the first business day of each month excluding federal holidays. Other activity restrictions and fees may apply, see our New Account Disclosure and Fee Schedule for Terms and Conditions, ask a banker for details. Fees could reduce earnings. The Inland name and logo are registered trademarks being used under license. REV050118.

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IBA Illinois Bank Community Service Award Winner

ABA Community Commitment Award for Volunteerism