This account combines the benefits of a savings account with the benefits of a checking account.  Your money earns interest, compounded daily, but you can write checks against it. Interest rates on this account are computed on a tiered basis so that larger balances will earn higher rates automatically whenever a new tier is reached.  Checking withdrawals are limited to six (6) per month, and no more than three (3) of them can be third-party checks.  There is a required balance of $2500.00 to avoid a service charge, and a fee of $10 will be applied if the minimum balance falls below this amount. The Money Market Indexed Account is a great way to accumulate funds with regular deposits until a goal is reached, or to park some money on a short-term basis.