Grow long-term savings in money market accounts (MMAs) from WesBanco
A money market account, or MMA, is a high-yield savings account that allows you to earn more, with higher interest paid on higher balances. These are generally leveraged by individuals who are able to set aside larger sums, and funds can be left to grow as long as minimum balance requirements are met. If you’re interested in getting more from your savings, learn more below and talk to a WesBanco Personal Banker about MMAs.
Personal Money Market Account
Lower-balance, higher-interest, easy-access option for mid-level savers.
$1,000 Minimum balance to open and earn interest
$10 Monthly maintenance fee1 (Waived when a $1,000 minimum daily balance is maintained)
Interest is accrued daily, and compounded and credited monthly3
Earn higher interest while retaining easy access to funds through check writing, in-person withdrawals, transfers and ATM withdrawals. WesBanco’s Personal Money Market account is the perfect option for those who are ready to step up their savings. After making the initial deposit of $1,000 required to open the account, simply maintain a daily balance of at least $1,000 to earn interest and avoid monthly maintenance fees. With a Personal Money Market account, you’ll receive the following benefits:
Free personalized checks
Interest accrues daily on collected balances over $1,000 and is compounded and credited monthly
Choice of eStatement or paper statement without images
Choice of a combined statement for the added convenience of viewing all of your accounts on one statement when account ownership is the same
Up to six pre-authorized transfers and withdrawals allowed per month, including automatic or telephonic transfers, electronic transactions, checks written or drafts, any of which may be made payable to third parties4
ATM access to funds when you link your money market account to an existing WesBanco Debit Card
Premium Money Market Account
Interest rates that increase as your savings balance increases.
$10,000 minimum balance to open
$10 monthly maintenance fee2 (Waived when you maintain a $10,000 daily balance)
Earn interest on all balances3
Ideal for advanced savers, the interest rate on our Premium Money Market account grows as your balance grows. An initial deposit of $10,000 is required to open your account, and you’ll earn interest on your entire balance while enjoying the flexibility of check writing access to your funds. If your balance dips below $10,000, you will still earn interest, but your account will be subject to the monthly maintenance fee of $10. Interest is tiered and calculated on the daily collected balance tiers displayed in the chart.
With a Premium Money Market account:
Free personalized checks
Interest accrues daily and is compounded and credited monthly
You can choose eStatement or paper statement without images
You can choose a combined statement for the added convenience of viewing all of your accounts on one statement when account ownership is the same
You are allowed up to six pre-authorized transfers and withdrawals per month, including automatic or telephonic transfers, electronic transactions, checks written or drafts, any of which may be made payable to third parties4
You can link your money market account to an existing WesBanco Debit Card for ATM access
$100,000 and greater
$50,000 – $99,999.99
$25,000 – $49,999.99
$10,000 – $24,999.99
$2,500 – $9,999.99
$0 – $2,499.99 No Interest Earned
1 If the minimum balance requirement of $1,000 is not maintained in the Personal Money Market account, a $10 monthly maintenance fee will be imposed.
2 If the minimum balance requirement of $10,000 is not maintained in the Premium Money Market account, a $10 monthly maintenance fee will be imposed.
3 Please see a personal banker for current rate information and to obtain a copy of our Truth in Savings Disclosure. A fee will be assessed if closed within 90 days of account opening.
4 Federal regulation limits this account to six withdrawals or transfers per statement cycle; in-person withdrawals are unlimited. An $11 excessive transaction fee may be assessed on any electronic or telephone transfers, or on checks, automatic or pre-authorized transfer to a third party, exceeding six per statement cycle. Exceeding withdrawal limitations may result in fees, account closure, change of account type, termination of transfer capability, or other remedial action.