If your business maintains a cash reserve that (A) needs to be liquid, and (B) gives you market performance, ESSA has the account you're looking for.  Our Indexed Money Market Account is a savvy Money Market where your interest rate will be Indexed to the high end of the Federal Funds Rate Target ("Index")1, and the higher your balance, the higher your rate can be.



The index is the High End of the Federal Funds Rate Target as published in the Wall Street Journal as of the last business day of the previous month and will be effective on the first day of the current month.  The interest rate on this account is capped at 3.0%.


$10,000 minimum daily balance required to avoid monthly service charge.  Charge for servicing account (per statement cycle) if minimum balance is not met is $20.00.  Account not available to Municipalities, Non-Profit Oranganizations, and School Districts/Universities/Colleges.  Minimum daily balance requirement of $10,000 to earn interest. Debit card is not available with this account.  New money only.  New money is defined as funds not currently on deposit with ESSA.  Transfers from existing ESSA accounts not allowed.



Federal regulations limit the number of checks, point of sale (POS) transactions, telephonic/electronic transfers, overdraft protection, and third party transfers each statement cycle to six (6).  An excessive transaction fee of $10.00 will apply to each transaction over 6 per statement cycle.