Abbeville Building & Loan offers offers a Money Market Deposit Account (MMDA) for customers who desire to have a higher interest rate but still have immediate access to their finances.
Money Market Deposit Account (MMDA)
- Higher balances earn higher rates
- Minimum balance to open is $500.00
- If balance falls below $500.00 a $10.00 service charge fee will be assessed
- Limited to 6 transactions in a statement cycle, any transaction over 6 will result in a
$10.00 per item service charge fee
- Free online banking
A Money Market Deposit Account (MMDA) offered by Abbeville Building & Loan is a type of savings account that provides customers with quick access to their funds at any time. The tiered interest rates for a money market demand account are typically higher than those of a traditional checking or savings account, making it a competitive option for customers looking to grow their savings while retaining access to their funds. Abbeville Building & Loan offers account options in Vermilion Parish and to all current customers.