Money Market
Our Money Market Rates Love to Beat the Competition
The Solid Investment with More Liquidity
- Minimum balance required to open an account and earn dividends is $2,500
- Competitive tier dividend rates
- 24-hour account access
Rates
| Average Daily Balance | Rate | APY* |
|---|---|---|
| $2,500 to $24,999 | 0.85% | 0.85% |
| $25,000 to $49,999 | 1.14% | 1.15% |
| $50,000 to $99,999 | 1.39% | 1.40% |
| $100,000 and Up | 1.64% | 1.65% |
*APY = Annual Percentage Yield. Annual Percentage Yields are current and effective. Yield assumes principal and dividends remain on deposit for one (1) year. Dividend rates are subject to change without notice. Dividends are compounded monthly.
Characteristics of a Money Market Account
1. Interest Earnings
Money market accounts typically offer higher interest rates compared to traditional savings accounts.
2. Liquidity
Members can access their funds relatively easily by writing checks or using a debit card, making electronic transfers, or withdrawing cash from ATMs.
3. Minimum Balance Requirements
Many money market accounts require a higher minimum balance to open and maintain the account than regular savings accounts.
4. Stability and Safety
Money market accounts invest in low-risk, highly liquid assets such as government securities, certificates of deposit, and commercial paper.
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