Turn your savings into earnings

Money Market Accounts

Earn higher dividends and access your funds anytime.

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What is a money market account?

A money market is a savings account that usually earns higher dividends than a primary savings account. In this way, it’s similar to a certificate. However, the funds aren’t locked down for a set period of time, so you can access them as needed.

What are the benefits of a money market?

  • No time frame for maturity
  • No penalty for early withdrawal
  • Higher dividends paid on higher balances
  • No minimum opening amount required
  • Insured by NCUA
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What are the benefits of a money market?

  • No time frame for maturity
  • No penalty for early withdrawal
  • Higher dividends paid on higher balances
  • No minimum opening amount required
  • Insured by NCUA
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What is a money market account?

A money market is a savings account that usually earns higher dividends than a traditional savings account. In this way, it’s similar to a certificate. However, the funds aren’t locked down for a set period of time, so you can access them as needed.

  • No time frame for maturity
  • No penalty for early withdrawal
  • Higher dividends paid on higher balances
  • No minimum opening amount required
  • No minimum balance
  • Tiered dividend rates
  • Earns higher dividends on daily balance of $2,500 or more
  • Insured by NCUA

Money markets and money market IRAs

What is the difference between a money market and money market IRA?

A retirement money market account may be held within a Roth IRA, traditional IRA, rollover IRA, 401(k) or other retirement account.
Unlike a regular money market account, a retirement money market is governed by a retirement plan agreement.

TiersDividend rateAnnual percentage yieldMinimum balance
Under $2,500%% APY $0
$2,500–$9,999%% APY $2,500
$10,000–$24,999%% APY $10,000
$25,000–$49,999%% APY $25,000
$50,000–$99,999%% APY $50,000
$100,000–$249,999%% APY $100,000
$250,000–$999,999%% APY $250,000
$1,000,000 +%% APY $1,000,000

Open your money market account today

If you’re looking for a savings account with competitive rates and flexible withdrawal options, open your money market account online, at your nearest branch or over the phone at 1-800-748-4302.

Open an account

Compare savings accounts

 Primary
Savings
Money MarketsCertificate Accounts
 Key benefit
Key benefitSimplicity
Enjoy straightforward savings
Liquidity
Withdraw funds as needed while earning competitive dividends
Secure and steady growth
Larger starting balance leads to higher earnings
 Minimum opening balance
Minimum
opening balance
$1$0$5 for growth and Christmas Club certificates; $500 for standard, IRA and Roth IRA certificates
 Time period
Time periodNo time frame for maturityNo time frame for maturity6 months to 5 years
 Deposits
DepositsFunds can be added anytimeFunds can be added anytimeGrowth and Christmas Club certificates—funds can be added anytime; standard, IRA and Roth IRA certificates—funds can only be added at account opening
 Withdrawals
WithdrawalsFunds can be withdrawn anytimeFunds can be withdrawn anytimeFunds can only be withdrawn at account maturity without incurring a penalty
 Earnings potential
Earnings potentialModerate earnings
Typically earns less than money markets and certificates

Earn dividends on balances above $100
Higher earnings
Typically earns more than primary savings but less than certificates

Higher tiered rates on balances above $2,500
Highest earnings
Typically earns more than money markets and primary savings
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 Discover moreSee tiers & ratesCompare certificates
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I began looking at the interest rates and the money market, and I immediately started moving money there—and that’s where I really started seeing some growth in my finances.

Robert Osborne, member since 2018

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