Premier Money Market
This is a high-performance, high-yield money market savings vehicle and is recommended for those depositors who maintain a balance in excess of $25,000. This account has limited check-writing privileges.*

Features:
The depositor is eligible to receive a free ATM card, free Online Banking, free Telephone Banking and will receive a monthly statement of transactions similar to a checking account. The account requires a minimum opening balance of $25,000 and the maximum is $250,000.  The $25,000 minimum balance must be maintained to earn the APY** and may not be satisfied with funds already on deposit at NVE Bank.  Current NVE customers may open an account with an additional $15,000 of new funds towards the $25,000 minimum opening balance coming from another institution. The interest rate paid on this account is found on the current rate sheet.  There is no minimum balance required on this account. All deposits are subject to collection before withdrawal. Direct deposits (such as payroll, pension checks or social security) can be made to this account. Interest earned on this account is subject to income tax and the bank issues a yearly IRS form 1099. The depositor must supply the bank with a taxpayer identification number (social security number).

This is an FDIC insured deposit account and is available for personal accounts only. No passbook is required for transactions. You may only make 6 preauthorized transfers from the account each statement cycle; which may include check, POS, draft or similar order to third party.

Rates:
The interest rate paid on this account can be found on the current rate sheet. Interest is compounded daily and credited monthly.

*Limit of 6 drafts per month. Certain transaction limits may apply.