Money Market accounts are savings accounts that pay slightly higher dividends by limiting the number of withdrawals each month to a maximum of six withdrawals.
Shell Federal's Money Market account offers many options. You can write a limited number of checks per month, use it for overdraft protection, and can even make withdrawals using your Visa Debit card. You get all this while earning a much higher rate than in a savings account.
- The minimum opening amount is $2,500 and there is no limit on depositing funds.
- You can make up to six electronic transfers per month, three of which may be a check, draft, or a debit card transaction
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