MONEY MARKET

A BIGGER BANG FOR YOUR BUCKS

As your savings grow with us, you may want to consider opening a money market account. It’s designed to earn you higher interest than a share savings account. Then as your balance reaches certain tiered amounts, you’ll earn an even better rate. The best part? Your funds remain accessible whenever you need them.

Click here to learn about our 4.50% APY Money Market Special

PROMOTIONAL MONEY MARKET

Limited Time! $25,000 minimum deposit

4.50% APY¹

SEE ALL RATES

YOU’VE GOT QUESTIONS.
WE’VE GOT ANSWERS!

WHAT IS THE MINIMUM AMOUNT TO OPEN A MONEY MARKET?

A money market requires a $5.00 minimum to open. But remember that you only start earning interest when your balance reaches $1,000.

IS THERE A MONTHLY SERVICE FEE?

There is NO monthly service fee unless the account has less than $500, no other products, and zero activity for 6 months. When this occurs, a $5.00 dormant fee is charged.

WHEN DO YOU PAY DIVIDENDS?

Dividends on money markets are paid monthly on the average daily balance of all funds over $1,000. The rate is tiered based on the amount on deposit.

WHAT’S THE DIFFERENCE BETWEEN A MONEY MARKET AND A SHARE SAVINGS ACCOUNT?

Both are savings accounts. A share savings account requires a small initial opening deposit and balance to earn dividends. Money markets are tiered savings accounts that offer higher dividend rates based on your account balance. You may access your funds at any time. Money markets are designed for longer term savings without being locked into a set saving term and incurring significant early withdrawal penalties like with a certificate of deposit.

WHEN DO I SEE MY MONEY MARKET ON MY MONTHLY STATEMENT?

Money market statements are created quarterly. If your money market is combined with a checking account or has an electronic transaction, the statements are generated monthly. You can always use Online Banking to check current balances.