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Overview
- Higher balances earn higher rates.
- Six (6) preauthorized transfers and/or withdrawals per statement cycle
- $1,000 minimum deposit to open
- A minimum balance of at least $1,000 is required to keep the account open
Enjoy flexibility and earn a premium interest rate
Money Market Plus account requires a minimum deposit of $1,000, offers interest calculated based upon the daily balance, and is paid and compounded monthly. Dividend rates are tiered, offering higher rates for higher balances!
Should I open a money market savings account?
Yes, if you want to build interest, have access to funds in a pinch, and plan to have balances over $1,000 combined with an insured credit union account’s safety.
Money market savings account advantages
Money Market accounts have a better interest rate than you would receive with a regular savings account. You are also able to write checks to make purchases from the account.
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Rates
Rates
Money Market Plus Accounts
Rates Effective as of: 03-19-2024Minimum Deposit Dividend/Interest Rate APY $1,000 - $2,499 0.349% 0.35% $2,500- $9,999 0.499% 0.50% $10,000-$24,999 0.598% 0.60% $25,000-$49,999 1.094% 1.10% $50,000-$99,999 1.144% 1.15% $100,000-$249,999 1.243% 1.25% $250,000 and Above 2.960% 3.00% APY=Annual Percentage Yield
Money Market IRA
Rates Effective as of: 03-19-2024Minimum Deposit Dividend/Interest Rate APY $1,000 to $4,999 0.349% 0.35% $5,000 to $24,999 0.499% 0.50% $25,000 and above 1.094% 1.10% APY=Annual Percentage Yield
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FAQs
Frequently Asked Questions
People Driven Credit Union Money Market Savings Accounts are insured to at least $250,000 by the National Credit Union Administration (NCUA) and backed by the full faith and credit of the United States Government.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.
Money Market Savings Account
Money Market Accounts pay rates better than savings, while keeping your funds available.
Open a Money Market Savings AccountMoney Market Savings Account
Money market accounts pay rates similar to savings accounts and have some checking features.
Start Saving TodayDisclosures
People Driven Credit Union savings are Federally insured to at least $250,000 by the NCUA and backed by the full faith and credit of the United States Government. APR = Annual Percentage Rate. Rates effective as of today and may change at any time. Penalties apply for early withdrawal. View our Privacy Policy and read our disclaimer regarding links to other sites.