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Interest rates on this account are comparable to investment accounts, except there are no brokerage fees and funds remain completely liquid. This account is a smart alternative to a non-insured money market account.
$10,000.00 minimum opening balance
Interest is paid on the following balance tiers:
< $10,000.00
< $50,000.00
< $100,000
< $250,000
< $500,000
$500,000 and over
Associated fees: If the balance falls below $10,000.00 on any day of the statement cycle, a $20.00 monthly maintenance fee will be assessed. A $10.00 fee will be assessed on any withdrawals in excess of 6 per month.
Federal Regulations prohibit banks from processing unlawful internet gambling transactions. Therefore, German American Bancorp will not maintain a relationship with any business conducting internet gambling transactions, lawful or otherwise.