Market Rate Account
Market Rate Accounts are great as a temporary place for larger amounts of funds that may be needed at any time, or as income building accounts. If you're saving money for a large purchase such as a new home, a remodeling project or even retirement, you can earn greater returns and still have access to your money. Market Rate Accounts offer you the flexibility, higher interest rates and the safety of principal you need.
Earn higher yields based on a tiered rate. The larger the balance, the higher the interest rate. You have immediate access to your funds with no withdrawal penalties or account service fees. A minimum balance of $2,000 is required to earn interest. Please see our “Important Account Information” handbook for more details.
Money Market Checking
It's similar to our Market Rate Account and earns tiered money market deposit account interest rates, but you can write up to three checks per month against this account. A minimum balance of $2,500 is required to earn interest, and a monthly service fee may apply if a minimum balance is not maintained. Please see our “Important Account Information” handbook for more details.
Indexed Money Market Account
For those who need to keep larger balances in an overnight immediately available account, and who prefer to have the marketplace determine the rate of return, Pacific Trust Bank offers the Indexed Money Market Account.
The Indexed Money Market Account is an overnight savings account which offers market-indexed yields. The interest rate will change every week so that the account’s Annual Percentage Yield will equal the 91-day US Treasury Bill auction rate as published by the Federal Reserve.
The minimum required to open this account and earn the disclosed annual percentage yield is $25,000. No interest is earned on any day the balance in this account is less than the minimum required. Other restrictions may apply – please see our “Important Account Information” handbook for more details.
FDIC Insured - Your deposits are federally insured to at least $100,000 per depositor by the Federal Deposit Insurance Corporation (FDIC), and your retirement funds on deposit at Pacific Trust Bank are separately insured by the FDIC up to an additional $250,000.
