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Money Market Account

Achieve your savings goals faster with our tiered Money Market Account.

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Turn small change into BIG savings.

Start small. Earn big.

At most financial institutions, only accounts with high balances can enjoy higher rates. With a Members First Money Market Account, you earn a whopping 4.00% APY* on accounts with balances $500 or less. We aim to encourage a better tomorrow, including helping new savers build good savings habits.

This tiered Money Market Account is perfect for building an emergency fund, nest egg, or saving for a down payment for a home, a car, or a vacation! It can help you reach your savings goals faster, whatever they may be.

Like a savings account, our Money Market Account pays interest and is insured by the National Credit Union Administration (NCUA). You can make deposits anytime and have flexible access to your money whenever needed. The difference is that this account lets you write checks.

  • Any amount is worth saving.
  • No minimum balance.
  • No monthly service charge.
  • No early withdrawal penalty.

Open a Money Market Account

Stop in your nearest branch, call us at 855.835.6328 or schedule an appointment. Learn more about becoming a member or get started.

Money Market Account
Effective Date: Wednesday, November 13th, 2024
Please contact us or stop into a branch to verify the current rate.
BalanceAnnual Percentage Yield
$0 - $500.00 4.00%
$500.01 - $1,000.00 1.75%
$1,000.01 - $10,000.00 0.55%
$10,000.01 - $25,000.00 1.01%
$25,000.01 - $50,000.00 1.26%
$50,000.01 - $100,000.00 1.51%
$100,000.01 - $200,000.00 1.76%
$200,000.01 + 2.02%
Dividends are determined based on a tiered rate method. This means that the interest rate paid on the entire balance in your money market account will be determined by the tier in which your current balance resides. Dividends are calculated by the daily balance method and credited on the last day of each month. Rates are variable and may change after the account is opened.
Savings Calculators

 

How much will my Money Market Account earn?

Money market accounts typically offer higher interest rates than traditional savings accounts. There can be, however, service fees if your account falls below your financial institution's minimum required balance. Enter your balance and APY to see how your savings will grow over time.

 
Disclaimer

While we hope you find this content useful, it is only intended to serve as a starting point. Your next step is to speak with a qualified, licensed professional who can provide advice tailored to your individual circumstances. Nothing in this article, nor in any associated resources, should be construed as financial or legal advice. Furthermore, while we have made good faith efforts to ensure that the information presented was correct as of the date the content was prepared, we are unable to guarantee that it remains accurate today. Neither Banzai nor its sponsoring partners make any warranties or representations as to the accuracy, applicability, completeness, or suitability for any particular purpose of the information contained herein. Banzai and its sponsoring partners expressly disclaim any liability arising from the use or misuse of these materials and, by visiting this site, you agree to release Banzai and its sponsoring partners from any such liability. Do not rely upon the information provided in this content when making decisions regarding financial or legal matters without first consulting with a qualified, licensed professional.

The above disclaimer pertains to Members First Credit Union and all Members First’s partners.

 

Frequently asked questions

 

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