Money Market Accounts

You can shop around for the highest interest rate. Or, save your time. The Oak Money Market Account is a high-interest checking account offering an interest rate that is among the highest in the country! You will have easy access to your funds by writing checks. Open an account right now with no minimum balance and start earning interest with as little as $2,500 and remember all Oak Bank deposits are FDIC insured.

Enjoy the following value-added benefits when you open an Oak Money Market:

• Free Direct Deposit. Pension, Social Security, payroll checks, you name it.
• 24 Hour access to your accounts with Oak Bank iBank - no membership or enrollment fee, no annual charges.
• Free Cashier's Checks.
• Convenient "Bank by Mail" option available.
• Open your account easily with our handy Switch Kit.

• A high-interest account for individuals to earn higher interest and have immediate access to funds.
• To avoid the $7.95 service fee a $2,500.00 average daily balance. No more than six withdrawals are permitted each month, no more than 3 by check.
• To obtain the tiered annual percentage yield maintain an average daily balance up to $2,499.99; $2,500.00 to $24,999.99; $25,000.00 to $49,999.99; or $50,000 to $89,999.99; $90,000.00 and over.  Check Rates
• Interest will be credited and compounded to your account monthly. The interest rate and annual percentage yield may change weekly at the Bank's discretion with no limitations on the rate changes.
• Interest begins to accrue no later than the business day when the Bank receives credit for the deposit of non-cash items (for example, checks).
• We use the average daily balance method to calculate the interest on your account. This method applies a daily periodic rate to the principal in the account each day.
• If you close your account before interest is credited you will not receive the accrued interest.
• Federal regulations limit preauthorized, electronic or telephone withdrawals to six per month, and no more than three of the six may be made by check or debit card.

To open an account, use our convenient Switch Kit or call 608/441-6000 today!