Money Market FAQ
A Money Market is a flexible, convenient, high yield savings account. It is a great alternative for members looking for a higher yield, but do not wish to tie up their funds in a Certificate.
Yes. We require an opening deposit of $2,500.00. If your account falls below the $2,500.00 you will automatically earn the regular savings dividend rate. If your account falls below $500.00 at any time during a month, you will be charged a monthly service fee for that month.
The Money Market account is a tier structured account and the dividends increase at specified levels of the tier. The more you save, the more you earn! The highest tier is $50,000 and over! Rates and tiers are subject to change monthly.
Because a Money Market account is a savings account, checking privileges are limited to six checks per month. Checks must be written for $250 or more. There is a fee for checks presented for under $250 and for more than six checks presented in one calendar month.
Federal Banking Regulations limit the number of withdrawals or transfers from a savings account to another account or third party to six per month.
Just visit either branch office and one of our Member Services Representatives will be glad to help you!