Hello from Sycamore,
Money Market Accounts, Free Checking and CD’s
Over the last year or so interest rates have risen to more normal levels. We thought this would be a good time to remind you of some of the “cash” type of investments that are available to you through your account with Sycamore Financial Group.
Money Market: All of our accounts come with a money market* attached automatically. Currently this account earns interest at the rate of about 4.4% You may already know that a money market account works essentially the same as a savings account. You can elect to have checks issued on this same money market account if you would prefer to use it as a savings/checking. There are no limitations on the checking privilege which is free.
- There is a $100 minimum balance required to earn any interest.
- You may elect to have a “stand alone” money market account with free checking. This can be a good way to earn more on business checking accounts.
Certificates of Deposit: Each week we receive CD** offers from about 50 or so banks. We simply buy the one that suits the client best. Three months to five years and most everything in between.
Most of us keep a little “mad money” available in these types of accounts. Chances are we can help you earn a better rate of interest.
As always, feel free to contact us with any question or request. Kokomo 765-455-1554 Anderson 765-643-9333.
Thanks for your business and trust,
Sycamore Financial Group
Past performance does not assure future results. Investors cannot invest directly in the stock market indexes such as the S&P 500. Invest return and principal value of an investment will fluctuate. Investor value, when sold, may be worth more or less than their original cost. The material in this presentation is for illustrative purposes and does not reflect any particular investment.