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  Ouachita Independent Bank Money Market Account

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Ouachita Independent Bank Money Market Account

in Money Market Accounts from Ouachita Independent Bank

Out of Business

Ouachita Independent Bank Money Market Account

in Money Market Accounts from Ouachita Independent Bank

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Highlights
Highlights
APY (Annual Percentage Yield) 1% - 5%

Ouachita Independent Bank Money Market Account Review

Ouachita Independent Bank Money Market Account is offered by Ouachita Independent Bank, a bank founded in 1997 and based in Monroe, LA. Ouachita Independent Bank Money Market Account is available in 50 states (and Washington, DC).

Are money market accounts from Ouachita Independent Bank federally insured?

Yes, your Ouachita Independent Bank money market accounts are insured up to $250,000 per person by the Federal Deposit Insurance Corporation (FDIC). The FDIC is an independent agency of the United States government that protects you against the loss of your insured deposits if an FDIC-insured bank or savings association fails. FDIC insurance is backed by the full faith and credit of the United States government.

What are the Ouachita Independent Bank Money Market Account rates?

Ouachita Independent Bank Money Market Account offers an APY starting at 1% and ranging up to 5% (APY stands for annual percentage yield, rates may change). However, to earn interest you must keep a minimum balance of $1000.

Ouachita Independent Bank Money Market Account Rates and Terms
Rates Amount
APY (Annualized Percentage Yield) 1% - 5%

What are the Ouachita Independent Bank Money Market Account fees?

This account charges a monthly maintenance fee of up to $5. You can avoid this fee by maintaining a balance of $5,000.

Ouachita Independent Bank will charge you a $5 fee if you exceed your maximum number of monthly transactions.

Ouachita Independent Bank will allow you to make up to 6 transactions per month. That is also the maximum set by federal regulations for money market accounts.
Ouachita Independent Bank Money Market Account Fees
Fees Amount
Monthly Fee up to $5
Paper Statement Fee $10
Excess Transaction Fee $5

What is the minimum balance for Ouachita Independent Bank Money Market Account?

Minimum initial deposit of $1,000. You must make an initial deposit of at least $1,000 to open this account.

Monthly maintenance minimum balance of $5,000. You can avoid the monthly fee if you keep a minimum balance $5,000.

Interest rate minimum balance of $1,000. You must keep the account balance above $1,000 to earn interest.

What features and perks does Ouachita Independent Bank Money Market Account offer?

This account includes the following features:

  • Check Writing - Ouachita Independent Bank Money Market Account includes check writing privileges. This is convenient method to pay bills and transfer money from your account.
  • Mobile Banking Services - Ouachita Independent Bank Money Market Account allows you to manage your money online.

How to open an account with Ouachita Independent Bank

  • Visit the Ouachita Independent Bank website.
  • Fill in the application form. You will typically need to provide general financial information, such as your name, Social Security Number and address.
  • Check the information is accurate and submit your application.
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About Ouachita Independent Bank Money Market Account

Availability

Alaska Alabama Arkansas Arizona California Colorado Connecticut Washington, D.C. Delaware Florida Georgia Hawaii Iowa Idaho Illinois Indiana Kansas Kentucky Louisiana Massachusetts Maryland Maine Michigan Minnesota Missouri Mississippi Montana North Carolina North Dakota Nebraska New Hampshire New Jersey New Mexico Nevada New York Ohio Oklahoma Oregon Pennsylvania Rhode Island South Carolina South Dakota Tennessee Texas Utah Virginia Vermont Washington Wisconsin West Virginia Wyoming
  Available in 50 states and Washington, D.C.
  • Alabama
  • Alaska
  • Arizona
  • Arkansas
  • California
  • Colorado
  • Connecticut
  • Delaware
  • Washington, DC
  • Florida
  • Georgia
  • Hawaii
  • Idaho
  • Illinois
  • Indiana
  • Iowa
  • Kansas
  • Kentucky
  • Louisiana
  • Maine
  • Maryland
  • Massachusetts
  • Michigan
  • Minnesota
  • Mississippi
  • Missouri
  • Montana
  • Nebraska
  • Nevada
  • New Hampshire
  • New Jersey
  • New Mexico
  • New York
  • North Carolina
  • North Dakota
  • Ohio
  • Oklahoma
  • Oregon
  • Pennsylvania
  • Rhode Island
  • South Carolina
  • South Dakota
  • Tennessee
  • Texas
  • Utah
  • Vermont
  • Virginia
  • Washington
  • West Virginia
  • Wisconsin
  • Wyoming

Feature Breakdown

APY Minimum Balance $1,000
Minimum Balance to Avoid Monthly Fee $5,000
Minimum Initial Deposit $1,000
Monthly Fee $0 - $5
NSF Fee $10
Paper Statement Fee $10
Bank Account Features
  • Check Writing
  • Mobile Banking
APY (Annual Percentage Yield) 1% - 5%

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