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We can help you gain the confidence you need to make important financial decisions for you, your family or your business.

Premium Money Market Account

Enjoy the benefits of both a savings account and a checking account, while earning more than either, with a premium money market account.

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Benefits

A money market account is a specialized account that offers high interest rates on your money alongside check-writing and transactional abilities. By limiting certain types of transactions and offering a robust interest rate, a money market account makes it easy to grow your savings. By allowing some transactions per month and a minimum opening balance of $100, it makes it easy to open an account and access the money when needed. This could be the right balance to help you reach your financial goals.

Frequently Asked Questions

Learn more about the premium money market account at Bank of South Texas.

  • Minimum balance requirement

    You must maintain a minimum balance of $2,500 in the account each day to obtain the disclosed annual percentage yield.

  • Transaction Limitations

    Transfers from a money market account to another account or to third parties by pre-authorized, automatic telephone or computer transfer or by check, draft, point-of-sale, or similar order to third parties are limited to 6 per statement cycle. If you exceed the transfer limitations set forth above, your account may be subject to closure.

  • Excess Withdrawal Penalty

    An excess withdrawal fee of $10 will be charged for each debit in excess of 6 per month.

  • Interest Rate Calculation

    Interest is paid monthly. The interest rate is calculated using the daily balance method. Premium rates are available when you maintain the following minimum balances in the account each day of the statement cycle:

    • $25,000 and up
    • $2,500 - $24,999

  • Monthly Service Charge

    A $25 service charge will be imposed every statement cycle if the balance in the account falls below $25,000 any day of the cycle.

  • Free Features

    The premium money market account offers a number of free features, including the following:

    • Free E-Alerts
    • Free E-Statements
    • Free Online & Mobile Banking
    • Free ATM Card
    • Access to 55,000 free ATMs

Features

All of our products and services come with the latest features and benefits.

Mobile Banking

Mobile Banking

Our free Mobile Banking service makes it easy to track your spending, pay bills, send money, deposit checks, and more.

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Online Banking

Online Banking

Our user-friendly interface allows you to see bill payment activity, view balances, monitor transactions, and more.

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Instant Debit Card

Instant Debit Card

No more waiting! Walk in to any branch to open an account and walk out with your new debit card in hand - instantly!

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ATM Services

ATM Services

Bank of South Texas customers can access thousands of surcharge-free ATMs worldwide thanks to our partnership with Allpoint.

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CardValet

CardValet

The CardValet app gives you real-time alerts about your card usage with the ability to control your cards with your mobile device.

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Overdraft Program

Overdraft Program

We offer a variety of overdraft protection options that can help protect you and give you financial peace of mind.

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