Money Market Accounts
Looking to earn more on your money without locking it away?
Money market accounts are perfect when you want better returns than regular savings but still need access to your cash.
Great for building an emergency fund, saving for home projects, or just keeping money handy while earning decent interest.
Benefits & Requirements
Benefits:
- Better interest rates than your typical checking or savings account
- Grab your money anytime without penalties
- Your funds are protected up to $250,000 by NCUA insurance
Requirements:
- Need $2,000 to get started
- Keep $2,000 or more to earn the full rate (less money = lower rate)
- No checks allowed
- Rates go up and down with the market
FAQs
How is this different from my savings accounts?
You’ll usually earn more interest, but you need more money upfront ($2,000 vs. just $25 for savings).
What about Share Certificates?
Share Certificates might pay more but your money’s stuck until it matures. With money market accounts, you can access your cash whenever you need it.
Is this like those money markets I hear about?
Nope! Money market funds are investments that can actually lose money and aren’t insured. Our money market accounts are safe and insured – your money won’t disappear.
When should I go with a money market account?
When you want to earn more than the savings rates, occasionally need to tap into the money, and can comfortably keep $2,000 in the account.
