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.
Is my money safe in a Money Market Savings Account?
Yes — your money is very safe. Every dollar in your PDCU Money Market Savings Account is federally insured by the NCUA up to $250,000 per member, per ownership category. This is the same strong protection you get at banks through the FDIC, but with the added advantage of a member-owned credit union that puts you first.
Why Members Choose Our Money Market Savings
You earn higher dividends than a regular savings account while keeping easy access to your funds. There are no monthly maintenance fees when you meet the low minimum balance, and your money grows safely every day.
How NCUA Insurance Protects You
The NCUA is an independent federal agency. If anything ever happened to the credit union (which is extremely rare), the U.S. Government backs your insured deposits dollar-for-dollar — up to the $250,000 limit.
Common Questions
Is my money safe in a Money Market Savings Account?
Yes. People Driven Credit Union Money Market Savings Accounts are insured to at least $250,000 by the NCUA and backed by the full faith and credit of the United States Government.
Get Help from Our Team
Call us at 844-700-7328 during business hours. Our team explains exactly how safe your Money Market Savings Account is and helps you open or grow one today. You can also visit any branch in Livonia, Southfield, Warren, Ypsilanti, or Romeo.
5 Helpful Hints for Your Money Market Savings Account
- First, keep the minimum balance to avoid fees.
- Next, set up automatic transfers from checking to grow your savings faster.
- Also, check your balance regularly in the MyPDCU app.
- Then consider laddering multiple Money Market accounts to achieve even higher returns.
- Finally, contact us at 248-263-4100 to confirm your exact insurance coverage.
People Driven Credit Union makes your Money Market Savings Account one of the safest and smartest places to keep your money. You earn competitive dividends, enjoy easy access, and rest easy knowing every dollar is protected by the NCUA up to $250,000. Many members use our Money Market Savings as their primary savings vehicle and sleep better at night. Thank you for banking with us. Our team is always ready to help you keep your money safe and growing.
