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First Reliance Bank

Save Money by Investing in First Reliance Bank's Money Market Accounts

First Reliance offers you a choice in Money Market Accounts. Both accounts offer safety and high yields while allowing your funds to remain liquid.

Reliance Money Market Account

A traditional money market account,  this account features a lower minimum deposit to avoid a monthly fee than the Premium Money Market Account.

  • Tiered interest rate
  • Build your savings automatically by signing up to have funds automatically transferred from your checking account into one or more savings accounts.
  • FDIC Insured

Premium Money Market Account

Market rates, but without the associated risk. It is an ideal place to grow funds received from CD interest, dividends, Social Security payments, and more. This account has a higher minimum deposit than the Reliance Money Market Account to avoid a monthly fee.

  • Tiered interest rate
  • Build your savings automatically by signing up to have funds automatically transferred from your checking account into one or more savings accounts.
  • FDIC Insured

 Money Market Account Features

 

Reliance Money Market Account Premium Money Market Account
Minimum Opening Deposit $1,000.00 $10,000.00
Minimum Daily Balance to earn interest $.01 $.01
Service Fees
$6 per month if the balance falls below $1,000 at any time during the month.
An excessive withdrawal fee of $15 per monht and $6 per item is charged when the account transfer limits of 6 are exceeded.
$10 per month if the balance falls below $10,000 at any time during the month.
An excessive withdrawal fee of $15 per monht and $6 per item is charged when the account transfer limits of 6 are exceeded
Transactions per Month
Six (6) transfers or withdrawals per month. Limited transfers or withdrawals are preauthorized or automatic transfers or electronic/telephonic agreement, order or instruction, or by check, draft, debit card, or similar order made by the depositor and payable to a third party or to another account of the same depositor. Transfers or withdrawals ordered by mail, messenger, ATM or in person are exempt from limitations.
Six (6) transfers or withdrawals per month. Limited transfers or withdrawals are preauthorized or automatic transfers or electronic/telephonic agreement, order or instruction, or by check, draft, debit card, or similar order made by the depositor and payable to a third party or to another account of the same depositor. Transfers or withdrawals ordered by mail, messenger, ATM or in person are exempt from limitations

Deposits are insured up to $250,000 by FDIC

Call 888.543.5510 or email CustomerCare@firstreliance.com for more information or stop by any of our branches to open an account today.