Our Public Funds Money Market Account1 is designed specifically for municipalities, or other public entities that are required to have a collateralized account. This account offers a lower minimum balance requirement with a higher interest rate and the flexibility of limited check writing capabilities.
 
 
Account Features
  • Free Paper Statements or eStatements
  • Four (4) Free Transactions per Statement Cycle at non-BankFinancial ATMs2, See Fee ScheduleThereafter
  • ATM Card
  • Business Online Banking
  • Business Mobile Banking
  • 24/7 Bank-by-Phone
 
Interest Bearing3
 
Minimum Opening Deposit
$1,000
 
Minimum Daily Balance
$500
 
Monthly Service Charge4
$0 If Account is Above Minimum Daily Balance, Otherwise $10
 
Statement Cycle Dates
Monthly on the last day of the month
 
Withdrawal Restrictions
Limited to 6 pre-authorized, Automatic, Telephone, or Online transfers per statement cycle. A $10 fee applies to each occurrence thereafter. Does not apply to in-person and ATM transactions.
 
 
  1. Account Owner must be a municipality or other public entity and is subject to approval for account collateralization or alternative balance protection in the sole discretion of BankFinancial
  2. There may be a fee imposed by the owner of the other terminal or network.
  3. The interest earned on the entire account balance is determined by the tier in which the account balance falls.
  4. Monthly Service Charge is waived for the first statement cycle.
For complete terms governing your account, please consult the Customer Agreement and Disclosure Statement, which can be found at www.bankfinancial.com/disclosures/. The terms of the account, including fees or features, may change.