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