A Johnson Bank Savings or Money Market account will help you prepare for life's little surprises. If you're just starting to save, or want to build your nest egg, one of our Relationship Bankers will help you select a Savings or Money Market account to best meet your short‐term goals.
|Value Features||Essential Savings||Signature Money Market||Relationship Money Market5|
|Mobile Banking with Mobile Deposit|
|Access to thousands of fee‐free ATMS|
|Personal Finance from Yodlee|
|Johnson Bank CheckCard/ATM Card||
ATM card only
|Automatic Savings Plans|
|Earn Relationship Rates when tied to qualifying accounts5||N/A||N/A|
|Account Details||Essential Savings||Signature Money Market||Relationship Money Market5|
|Initial Minimum Opening Deposit||$100||$1,000||$25,000|
|Monthly Cycle Maintenance Fee
Waived if any one of the 3 criteria directly below are met.
|Minimum Daily Ledger Balance2||$300||$1,000||N/A|
|Average Monthly Cycle Ledger Balance||$1,000||$10,000||$25,000|
|Combined Related Aggregate Ledger Balance (Deposits)3||N/A||$20,000||$50,000|
|6 free Withdrawal Transactions per Monthly Cycle4|
|Additional Transaction/Activity Fee4
$6 each after 6
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|Interest Payment Frequency, Monthly|
With ACH activity
|Check Safekeeping||N/A||No Charge||No Charge|
1 Essential Savings accounts for minors will not be assessed a Monthly Cycle Maintenance Fee until their 18th birthday. 2 Opening an account with an amount less than the Minimum Daily Ledger Balance will result in the account being assessed a Monthly Cycle Maintenance Fee for the initial monthly cycle, unless another balance qualification disclosed is met. 3 Defined as the lowest daily combined Ledger Balance of this account plus all related savings, money market and certificate of deposit accounts that have been designed by you and linked by the bank for this purpose. Relevant balances on tax‐deferred accounts are excluded. Savings, money market and certificate of deposit accounts may not be linked with more than one account for purposes of combined related aggregate ledger balances. 4 Transaction Activity fees are charged after six (6) withdrawals or transfer of funds per monthly cycle initiated by preauthorized or automatic means (including ACH), CheckCard, VRU, Check, and/or similar order payable to third parties. No additional fee will be charged for any transactions completed in person at Johnson Bank or at an ATM. 5 Eligibility Requirements: To qualify for the Relationship Money Market Account (MMDA) account owners must maintain three (3) additional products with either Johnson Bank or Johnson Insurance: One product must be a consumer checking (demand deposit) account (including accounts held in the capacity of a qualifying Trust); or a qualifying Johnson Bank Small Business Solutions or Business Growth Checking (non‐analyzed) Account: 1.) Where an account owner is the sole proprietor/owner (d/b/a), or 2.) A Corporate, Limited Liability Corporation, or Limited Liability Partnership account for a business in which the account owner(s) is/are the majority owner(s), or 3.) An account for a business owned by a revocable trust for which an account owner is the grantor and trustee, or 4.) Partnership account in which the account owner(s) is/are the majority general partner(s), or 5.) A Family Limited Partnership where the account owners, together, are the majority partner(s). The two other products must be consumer products held by the account owner(s) and include a consumer loan, consumer mortgage loan, safe deposit box, trust relationship, Johnson Bank credit card (offered through Elan Financial Services), LPL Financial account, or any Johnson Insurance consumer policy. Products may not be used with more than one Relationship Money Market. If the eligibility requirements are not maintained, the account will be automatically transferred (converted) to a Signature Money Market Account. Other information: Minimum age to open an individual Essential Savings account is 12 (no ATM access); Signature or Relationship Money Market account is 18. Additional fees may apply, see the Fee Schedule for more information.
As we reflect on 2018, we want take this opportunity to thank you for your continued partnership.We wish you and your family a very prosperous new year.