Public Insured Money Market Checking (PIMMC)
Public Insured Money Market Checking is a commercial analysis account, which means that the account is charged a service charge on analysis basis. This method of determining service charges takes into consideration account balance and account activity.
- Available only to public institutions
- Unlimited check-writing
- If the daily collected balance is $1,000 or greater, interest is computed at the Money Market rate for the account. If less than $1,000, the rate paid for that day will be the Checking with Interest rate.
Accounts are subject to approval.