Money Market Accounts
Money Market Accounts
These accounts typically offer a higher dividend rate than traditional savings accounts.
A Money Market Account (MMA) is a savings account that typically offers a higher dividend rate than traditional savings accounts. All Money Market Accounts are limited to six (6) pre-authorized, automatic or electronic transfer, telephone order, or telephone instruction per month. Here's a look at our MMA options.
Money Market
Our Money Market Account is a money market account that pays more than a standard savings account. This account operates on a tiered rate schedule, meaning higher balances result in higher yields. This account is available to both businesses and consumers.
Money Plus
Our Money Plus Account is designed for members who carry even higher balances in their money market account to receive higher rates. It also offers the convenience of check writing capabilities (up to three checks per month). This account is available to both businesses and consumers.
Jumbo Money Market
Ready to invest in a savings account that offers easy access and more on returns? Our Jumbo Money Market account – designed for both consumers and businesses – provides you with flexibility and earning power, with fewer withdrawal limitations. This account is designed for large balance carriers and provides a stable rate without having to commit to a specific term.
Note: This account requires a $100,000.00 opening balance, and $100,000.00 must be maintained at all times. There is a $25.00 penalty during any month in which the account falls below $100,000.00. Guaranteed the rate will not go below 0.25% APY..
Open Account Schedule Appointment
Money Market
| Balance1 |
Dividend Rate2 | APY3 |
|---|---|---|
| $5,000 - $24,999.99 | 1.09% | 1.10% |
| $25,000 - $44,999.99 | 1.19% | 1.20% |
| $45,000 - $64,999.99 | 1.29% | 1.30% |
| $65,000 - $84,999.99 | 1.39% | 1.40% |
| $85,000 - $124,999.99 | 1.49% | 1.50% |
| $125,000+ | 1.59% | 1.60% |
1A $5,000 minimum balance is required to open. Dividends are calculated on the daily balance, compounded daily and credited to the account at the end of the month. Dividends begin to accrue upon deposit. Dividend rates are tiered. If the balance falls below the minimum for the tier, the rate drops to lower tier. If balance falls below $5,000 during the month, the dividend rate drops to the Standard Savings rate. A $10 monthly maintenance will be incurred on balances less than $5,000. Money Market account rates are variable and set by the Board of Directors on a monthly basis.
2Variable rate account, rate is subject to change anytime after account opening. Fees could reduce earnings. Please see our Fee Disclosure Statement for further information about fees potentially related to these accounts.
3APY=Annual Percentage Yield. Deposit accounts are insured by account ownership up to $250,000 by the NATIONAL CREDIT UNION ADMINISTRATION.
Money Plus
| Balance1 |
Dividend Rate2 | APY3 |
|---|---|---|
| $10,000-$34,999.99 | 0.55% | 0.55% |
| $35,000-$74,999.99 | 0.60% | 0.60% |
| $75,000 to $124,999.99 | 0.70% | 0.70% |
| $125,000 to $499,999.99 | 0.75% | 0.75% |
| $500,000+ | 0.85% | 0.85% |
Learn More about Money Market Accounts
1A $10,000 minimum balance is required to open. May issue up to 3 checks per month. Dividends calculated on daily balance, compounded daily and credited to account at month end. Dividends begin to accrue upon deposit. If balance falls below $10,000 any time during the month, dividend rates becomes equal to stated Standard Savings rate. Money Market rates are variable and set by the Board of Directors on a monthly basis. A $15 monthly maintenance fee will incur for balances falling below $10,000.
2Variable rate account, rate is subject to change anytime after account opening. Fees could reduce earnings. Please see our Fee Disclosure Statement for further information about fees potentially related to these accounts.
3APY=Annual Percentage Yield. Deposit accounts are insured by account ownership up to $250,000 by the NATIONAL CREDIT UNION ADMINISTRATION.
Jumbo Money Market
| Balance1 |
Dividend Rate2 | APY3 |
|---|---|---|
| Up to - $99,999.99 | 0.25% | 0.25% |
| $100,000 - $249,999.99 | 2.23% | 2.25% |
| $250,000 - $499,999.99 | 2.47% | 2.50% |
| $500,000 - $1,999,999.99 | 2.71% | 2.75% |
| $2,000,000 - $4,999,999.99 | 3.44% | 3.50% |
| $5,000,000+ | 3.92% | 4.00% |
Learn More about Money Market Accounts
1 A $100,000 minimum balance is required to open. Dividends calculated on daily balance, compounded daily and credited to account at month end. Dividends begin to accrue upon deposit. Dividend rates are tiered. If the balance falls below the minimum for the tier, the dividend rate drops to the rate of the lower tier. Money Market rates are variable and set by the Board of Directors on a monthly basis. A $25 monthly maintenance fee will incur for balances falling below $100,000.
2 rate account, rate is subject to change anytime after account opening. Fees could reduce earnings. Please see our Fee Disclosure Statement for further information about fees potentially related to these accounts.
3 APY=Annual Percentage Yield. Deposit accounts are insured by account ownership up to $250,000 by the NATIONAL CREDIT UNION ADMINISTRATION.