A Money Market Savings Account is a type of savings account that typically offers higher interest rates compared to traditional savings accounts. It often requires a higher minimum balance and may provide limited check-writing capabilities.
What is a Money Market Savings Account?
At People Driven Credit Union, our Money Market Savings Account gives you higher dividends than a standard savings account while still keeping your money safe and easy to access. You earn more on every dollar you save, and you can make limited withdrawals or transfers each month.
Key Benefits of Our Money Market Savings
You enjoy competitive dividend rates that beat most traditional savings accounts. There are no monthly maintenance fees when you meet the low minimum balance. Plus, your money is fully insured up to $250,000 by the NCUA and backed by the full faith and credit of the United States Government.
How It Compares to Other Savings Options
Compared to a regular savings account, you earn significantly more interest. Compared to a CD, you have more flexibility to access your funds when you need them. It is the perfect middle ground for members who want growth without locking their money away.
Common Questions
What is a Money Market Savings Account?
It is a savings account that pays higher interest rates than traditional savings, usually requires a higher minimum balance, and offers limited check-writing privileges.
Get Help from Our Team
Call us at 844-700-7328 during business hours. You can also visit any branch in Livonia, Southfield, Warren, Ypsilanti, or Romeo.
5 Helpful Hints for Your Money Market Savings Account
- First, maintain the minimum balance to avoid any fees.
- Next, set up automatic transfers from checking to grow your savings faster.
- Also, use the MyPDCU app to check your balance and make transfers anytime.
- Then compare current rates to ensure you are earning the most.
- Finally, contact us at 248-263-4100 to open an account today.
People Driven Credit Union’s Money Market Savings Account gives you higher earnings with the safety and flexibility you need. You grow your money faster than a regular savings account while keeping easy access when life happens. Many members use it as their main savings tool and love the extra dividends it earns every month. Thank you for banking with us.
