Open a Money Market Account
New ICB Customer Existing ICB Customer
A Smarter Way to Save
Our tiered, interest-bearing money market accounts pays higher interest rates than our traditional savings account because it requires a larger daily balance. The minimum balance to open is $2,500, and our money market accounts require a minimum balance of $2,500 to avoid a monthly maintenance fee of $15.
ICB Money Market 3
Comparison table of ICB Money Market 3
Balance
Minimum Opening Deposit
Interest Rate
APY*
$0.00 - $9,999.99
$2,500.00
0.030%
0.030%
$10,000.00 - $99,999.99
$2,500.00
0.100%
0.100%
$100,000.00 and above
$2,500.00
0.250%
0.250%
Savings Calculator
*APY = Annual Percentage Yield
Fees or withdrawals will reduce earnings. Please contact one of our bankers for full details.
Average Balance Calculation: the average balance is calculated by adding the principal ledger balance for each day of the month and dividing that figure by the number of days in the month.
3 Annual Percentage Yield valid as of today’s date. A $2,500 minimum deposit required to open account as well as a $2,500 daily minimum balance to avoid a $15 monthly service charge. This is a variable rate account; rate may change after the account is opened. Fees could reduce the earnings on the account. Early closure penalty if closed prior to 90 days after opening.
To help the government fight the funding of terrorism and money-laundering activities, federal law requires all financial institutions to obtain, verify and record information that identifies each person who opens an account. When you open an account, we will ask for your name, address, date of birth and other information that will allow us to identify you. We may also ask to see your driver's license or other identifying documents.
