Palmetto Index Accounts
A revolutionary investment tool that combines the high rates of a money fund with the security, flexibility and privileges of a premier checking account.
Our two Palmetto Index Accounts offer tiered rates that are guaranteed and indexed directly to the Money Fund Report all-taxable, 7-day simple yield average, as published by iMoneyNet, Inc. at imoneynet.com and in the Wall Street Journal. You'll enjoy market rates without the risk, plus all the best features and benefits of a premier checking account: no annual fee, free universal ATM usage with no surcharge, free Internet banking and bill pay, free custom checks, no fee Gold Credit Card, preferred borrower rates and much more.
Rates are tiered, so the more you invest, the higher the rate - up to 100% of the index.
It's like no other investment tool you've ever seen.
Palmetto Index Account
Rate Tiers |
% of Published Rate |
- $50,000 +
- $30,000 - $49,999
- $15,000 - $29,999
- Less than $15,000
|
- 100%
- 85%
- 70%
- Interest Checking
|
Features:
- Special Checking Benefits
- No annual fee
- Free custom checks with leather cover
- No-fee Check Card or ATM Card (with approved application.)
- Free universal ATM usage with no surcharges
- No-fee Gold credit card (with approved application.)
- 50% discount on one safe deposit box
- Preferred borrower rates (.25% discount on installment loans.)
- Free Internet Banking and Bill Pay
- No-fee travelers and cashier's checks
Palmetto Index Account II
The Palmetto Index Account II offers most of the same benefits as the Palmetto Index Account with a lower minimum balance. This account has tiered rates and earns you interest based off 70% from the published rate guaranteed and indexed directly to the Money Fund Report.
Rate Tiers |
% of Published Rate |
- $10,000 +
- $5,000 - $9,999
- $2,500 - $4,999
|
- 70% minus 25 basis points
- 70% minus 50 basis points
- 70% minus 100 basis points
|
Features:
- Special Checking Benefits
- No annual fee
- Unlimited check writing
- Free custom checks
- No-fee Check Card or ATM Card (with approved application.)
- Free universal ATM usage with no surcharges
- No-fee Gold credit card (with approved application.)
- Preferred borrower rates (.25% discount) on installment loans
- Free Internet Banking and Bill Pay
- No-fee travelers and cashier's checks
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