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Personal Savings

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Money Market Account

Check-writing convenience coupled with competitive tiered money market interest rates is a significant benefit to those who choose our personal insured money market account. Called IMMA, for short, this variable rate account also features:

  • Unlimited withdrawals if made in person, at an ATM, or when linked to automatic payments on a Chemung Canal loan
  • This is a tiered-interest-rate account, based on your daily ledger balance
  • No interest paid on daily ledger balances below $1,000
  • Six checks per month OR six auto-debited transactions
  • eStatements

Like all money market accounts, the interest rate is variable and can change after the account is opened. Fees can reduce account earnings.