A Money Market Account is ideal for members who have larger balances and need limited access to their money. Money Market Accounts earn higher dividends which will generate more savings.
If you hold a high balance in a traditional savings account or checking account, your money may not be working as hard for you as it could. A Money Market Account often earns better dividends than a typical checking or savings account, and gives you the flexibility of easy access, along with higher dividends. A Money Market Account is a very good option for your emergency fund.
Many people choose a money market for the higher dividends combined with the availability of funds in an emergency without penalties. Money Market Accounts can be opened with as little as $5,000.00 and have three rate tiers to choose from.
Money Market Rates
Effective Date: 10/27/2023
| Tiers | Dividend Rate | APY** |
|---|---|---|
| $5,000.00 - $25,000.00 | 1.00% | 1.00%** |
| $25,001.00 - $50,000.00 | 1.30% | 1.30%** |
| $50,001.00 and over | 2.00% | 2.00%** |
Minimum balance $5,000.00
Minimum withdrawal $500.00
No more than 6 withdrawals per month