Unlock the Potential of Your Savings
At Bank of Vernon, our Money Market and Super Money Market Accounts stand out as a smart, secure way to make your money work harder for you. These accounts offer benefits such as higher interest rates that grow your funds faster, steady, reliable growth, and no market fluctuations. Plus, your funds are protected by our many security measures.
Choose the Money Market Account if you want to maintain a balance above $2,500 to avoid monthly fees and earn interest on a tiered basis. With six withdrawals available per month and the empowering convenience of online and mobile banking, you can easily manage your savings while enjoying flexibility and control over your finances.
For those who want to maximize their earnings, the Super Money Market Account is ideal. Maintain a balance above $10,000 to earn even higher interest rates without monthly fees. While this account offers one monthly withdrawal, it includes all the convenient banking services you need, minus the checks, ensuring your savings grow with minimal interruptions, giving you peace of mind and confidence in your financial strategy.
With both accounts, you'll benefit from features like mobile deposit capture, automatic funds transfers, and secure online banking, making managing and growing your savings easier than ever.
Explore our Money Market options today, open an account, and start watching your savings grow.
Why Choose Bank of Vernon?
With our Money Market Account, you're not just opening a savings account—you're becoming part of the Bank of Vernon community. We're a community bank that values your financial success and provides personalized service and local expertise. When you bank with us, you're not just a customer, you're a valued member of our community.
Start Growing Your Savings Today
Ready to take your savings to the next level? Open a Money Market Account with Bank of Vernon and start enjoying the benefits of higher interest rates, flexible access to your funds, and the convenience of modern banking services. Visit one of our branches or contact us today to get started.
Money Market Account
A Smart Way to Grow Your Savings
At Bank of Vernon, we understand that your hard-earned money should work just as hard for you. That's why we've designed our Money Market Account to be a secure, flexible, and profitable way to grow your savings. With competitive interest rates that help your balance increase steadily over time, our account provides the tools and features you need to succeed, all while ensuring the security of your funds.
Account Features
- No Monthly Service Fee for Balances Above $2,500: Keep a balance above $2,500, and you'll enjoy all the benefits of your Money Market Account without incurring any monthly service fees.
- Tiered Interest Rates: Earn interest on your balance starting at $2,500. The higher your balance, the more you earn, allowing your savings to grow faster.
- Manageable Fees for Lower Balances: If your balance falls between $0 and $2,499.99, a $15.00 monthly service fee applies. This structure encourages you to keep your balance above the threshold to avoid fees and maximize earnings.
- Flexible Withdrawal Options: Need to access your money? You can make up to 6 withdrawals per month. Additional withdrawals are available for a $15.00 fee if you require more.
- Convenient Banking Services: Our Money Market Account is not just about growing your savings, it's about making your banking experience as convenient as possible. With a full suite of digital and traditional banking services, you'll have easy access to your funds and can easily manage your account, giving you peace of mind and control over your finances.
- Online Banking: Monitor your balance, review transactions, and manage your account from the comfort of your home or office.
- Mobile Banking: Access your account on the go with our mobile app, making it easy to deposit checks, transfer funds, and keep track of your savings.
- Mobile Deposit Capture: Deposit checks directly into your account using your smartphone, saving you a trip to the bank.
- X-Press Banking: Enjoy the convenience of automated phone banking for quick access to account information and transaction capabilities.
- Night Deposit: Deposit funds securely after hours using our night deposit service.
- Wire Transfers: Easily send and receive money with our reliable wire transfer services.
- E-Statements: Go paperless with electronic statements, making it easier to keep your financial records organized and accessible.
- Personalized Checks: Order personalized checks at a convenient cost whenever you need them, ensuring you can access funds when required.
- Bill Pay & P2P Payments: Pay bills and send money to others easily using our bill pay and person-to-person payment services.
- Automatic Funds Transfers: Set up automatic transfers to or from your Money Market Account, helping you manage your savings effortlessly.
Super Money Market Account
Maximize Your Savings with Higher Returns
At Bank of Vernon, we understand that when it comes to your savings, you want to maximize your earning potential while maintaining flexibility. We designed our Super Money Market Account for those who want to earn higher interest rates on larger balances, providing a secure and efficient way to grow your wealth. With tiered interest rates that increase as your balance grows, this account is perfect for those looking to make their money work harder for them.
Account Features
- No Monthly Service Fee for Balances Above $10,000: Maintain a balance of $10,000 or more, and you'll enjoy all the benefits of our Super Money Market Account without any monthly service fees, allowing you to keep more of your hard-earned money.
- Tiered Interest Rates: Start earning interest on your balance once it reaches $10,000. Thanks to our competitive tiered interest rates, the more you save, the more you earn.
- Manageable Fees for Lower Balances: If your balance falls between $0 and $9,999.99, a $15.00 monthly service fee will apply. Maintaining a higher balance avoids fees and maximizes your earnings.
- Limited Withdrawals to Encourage Saving: This account allows one monthly withdrawal to help you focus on growing your savings; additional withdrawals are available for a $15.00 fee each, promoting disciplined saving habits.
- Convenient Banking Services: Our Super Money Market Account is equipped with various digital and traditional banking services to ensure easy management and access to your funds whenever needed.
- Online Banking: Manage your account from anywhere, at any time. Check your balance, review transactions, and transfer funds with our secure online banking platform.
- Mobile Banking: Stay connected to your savings with our mobile app, allowing you to manage your account.
- Mobile Deposit Capture: Deposit checks quickly and securely using your smartphone, making it easy to add to your savings.
- X-Press Banking: Access your account information and complete transactions using our automated phone banking service, providing quick and convenient access whenever needed.
- Night Deposit: Make deposits after hours with our secure night deposit service, offering flexibility for your busy schedule.
- Wire Transfers: Efficiently send and receive funds with our reliable wire transfer services, perfect for managing large transactions.
- E-Statements: Reduce paper clutter by opting for e-statements and keeping your financial records organized and easily accessible online.
- Bill Pay & P2P Payments: Simplify your financial management, ensuring you pay your bills on time and money is sent where it needs to go with our bill pay and person-to-person payment services.
- Automatic Funds Transfers: Set up automatic transfers to keep your savings on track, making it easier to build your balance over time.
- No Checks Available: To encourage saving and reduce the temptation to spend, our Super Money Market Account does not offer check-writing capabilities.
Bank of Vernon is a full-service Community Development Financial Institution with locations in Mississippi and Alabama.