Elite Money Market Account

Terms & Fees May Apply
Opening $20,000 deposit must be new money* or funds from a Washington State Bank Certificate of Deposit.  The annual percentage yield may change at any time, at our discretion, after the account has been opened. Fees may reduce the earnings on the account. The Bank reserves the right to deny deposits over $2,000,000.

*New Money is to be defined as funds not currently on deposit at Washington State Bank.

• If account falls below $20,000 any day of the monthly statement cycle, a service charge of $10.00 plus sales tax will be imposed.
• You must maintain a minimum balance of $20,000 in the account each day to obtain the disclosed annual percentage yield.
  
• Transfers from an Elite Money Market account to another account or to third parties by pre-authorized, automatic, telephone transfer, check, draft, or similar order to third parties are limited to six per monthly statement cycle.
  • A service charge of $5.00 per item will be charged for each debit transaction in excess of six per month.
• $5 Monthly Paper Statement Fee if not enrolled in eStatements.
  
• Interest will be compounded and credited to your account each month. We use the daily balance method to calculate the interest on your account. This method applies a daily periodic rate to the principal in the account each day.
• Interest begins to accrue no later than the business day we receive credit for the deposit of non-cash items (ex. checks).
  
• Limit one Elite Money Market account per customer.