Money market accounts help you save with flexibility
A money market account offers a higher rate than a regular savings account with a minimum balance requirement of $2,500. Dividends are compounded and paid monthly. To earn the stated Annual Percentage Yield (APY), you must meet the minimum balance requirement for each tier:
Tier One: $2,500 minimum balance
Tier Two: $20,000 minimum balance
Tier Three: $100,000 minimum balance
Deposits may be made at any time. Plus there are no maturity date restrictions and up to six pre-authorized, automatic or electronic transfers may be made to another Credit Union account in any month. Up to three of these six transfers may be made by check. However, there is no ATM access for money market accounts. A money market account can also be opened as an IRA.
Your savings are insured up to at least $250,000.
Here to help
We can help you open your money market account. Call us at 301.779.8500 or visit a nearby branch.