Money Market Accounts from NOVA Bank

Personal Money Market Account

In order to open a new money market account at NOVA bank,  the initial deposit requirement is $1,000, if it is a personal account.  This is also the required amount you need to maintain in order to avoid a monthly service fee. You do have a limited number of allowed transactions each months so be careful with the ATM card that is offered with the account.

Business Money Market Account

The initial deposit requirement is $2,000, if it is a business money market account. You also need to maintain this $2,000 daily minimum balance in order to avoid the monthly $10 fee. This is the only real difference between the personal and business money market accounts at NOVA Bank. The… » Read more