Money Market Account

Quick facts

  • Account type: savings account and checking account
  • Interest: compounded daily and credited monthly
  • Service charge: $8.50 a month if minimum daily balance of $2,500 is not maintained
  • Insured deposits: up to $250,000 per depositor, per insured bank, for each account ownership category

Who should get this account?

Ideal to get more from your savings.

Features

Minimum opening deposit
$1,000
Minimum daily balance
$2,500
Check-writing privileges
Yes
Services included
  • Withdrawals, deposits, preauthorized payments, automatic instalments
  • Desjardins Bank Debit Card
  • Desjardins Bank Online Banking service (registration fees may apply)
  • Desjardins Bank Mobile Banking, including deposits, from your smartphone or tablet, of checks drawn on a U.S. dollar account, up to US$2,500 a day
  • Transfers from a Money Market account to another account or to third parties by preauthorized, automatic, telephone, or computer transfer or by check, draft, debit card or similar order to third parties are limited to 6 per statement cycle.
Service charge
  • Monthly fees of $8.50 debited from account if minimum daily balance is not maintained
  • No monthly fee assessed the first statement cycle
  • A per item fee of $3 will be charged for each debit transaction (withdrawal, check paid, automatic transfer or payment out of this account) in excess of 6 during a monthly statement cycle.
  • Monthly paper statement fee: $2
Interest
Compounded daily and credited monthly
Account statement
Monthly
Printed checks
At account holder's expense

How to get this product
At the branch At the branch