Money Market Plus

A State Bank Group Banking ServiceMaximize your savings with a State Bank Group Money Market Plus Account!

  • Minimum opening balance $10,000.
  • Minimum balance to obtain (annual percentage yield) APY* is based on the following tier levels: $0.00 to $24,999.99, $25,000 to $49,999.99, $50,000 to $74,999.99, $100,000 and up.
  • Interest* computation method is daily balance; Interest compounding is daily.
  • Interest crediting frequency is monthly.
  • Interest begins to accrue on the business day you deposit cash or non-cash items (example: checks).
  • Up to six withdrawals per month by preauthorized, automatic, or telephone transfer--unlimited transfers are allowed in person and at the ATM.
  • Accounts closed before the end of the statement cycle forfeit accrued interest.
  • Monthly maintenance service charge of $26 if the daily balance drops below $10,000 any day of the month.
  • Insufficient funds charge (paid) or insufficient funds charge (returned) $35 per item.
  • Monthly imaged statement, ATM Anytime Help Line accessibility. ATM other fees may apply.

*Interest Rate and APY is variable for each balance tier (rate sheets are available upon request), subject to change at any time.


NOTE: Insufficient funds charges may apply when there are insufficient or unavailable funds and the account becomes overdrawn. The bank uses real-time processing, which means transactions are posted as the bank receives them. Multiple insufficient funds fees may be imposed if at any time during the day, an account has insufficient funds, even though the final balance at the end of the day may be positive. The fee applies to insufficient funds charges created by check, in person withdrawal, or other electronic means. You will not be charged for point-of-sale transactions or ATM transactions that result in your account becoming overdrawn.


Safe Banking Tips

Never give out the following information in an email:

  • First name, last name, business name
  • Email and password combination

  • Credit card, bank account, and PIN
  • Social security and driver's license number

Do not download attachments, software updates, or any application to your computer via a link you received in an email. The State Bank Group will not ask you to download anything for your account to work.