Money Market accounts disclosures, rates and fees
Each account holder agrees to the terms set forth on this Account Rate Schedule and acknowledges that it and the Truth in Savings Disclosure are part of the Membership and Account Agreement. The credit union may offer other rates in the future. Fees or other conditions may reduce the earnings of an account.
| Account | Minimum balance to earn dividends* | Dividend rate | Annual Percentage Yield (APY) |
|---|---|---|---|
| Money Market | $0.00 | 0.50% | 0.50% |
| Investor's Money Market | $10,000.00 | See chart below | See chart below |
Minimum balance to open a Money Market account is $5.00. Minimum balance to open an Investor's Money Market account is $10,000.00. | |||
| * Minimum balance that must be maintained each day to earn dividends. | |||
Open a Money Market account online
| For account balances of | Dividend rate | Annual Percentage Yield (APY) |
|---|---|---|
| 0 -$9,999 | 0.00% | 0.00% |
| $10,000 - $24,999 | 0.80% | 0.80% |
| $25,000 - $49,999 | 1.09% | 1.10% |
| $50,000 - $99,999 | 1.39% | 1.40% |
| $100,000 and more | 1.59% | 1.60% |
Open a Money Market account online
| Account | Essential | Enhanced | Premier |
|---|---|---|---|
| Premier, Enhanced and Essential are categories of the Member Merits program, a program that rewards members based on the member’s relationship with the credit union. Enhanced and Premier Member Merits categories enjoy reduced rates on consumer loans, increased rates on certificate account types and a reduction in account fees. See the Member Merits reward program page for details. | |||
| Money Market | |||
Balances of $1,000 of more |
$0.00 | $0.00 | $0.00 |
Balances of less than $1,000 |
$15.00 | $10.00 | $5.00 |
| Investor's Money Market | |||
Balances of $10,000 or more |
$0.00 | $0.00 | $0.00 |
Balances less than $10,000 |
$20.00 | $15.00 | $5.00 |
Early closure fee (accounts held less than 90 days) |
$55.00 | $55.00 | $55.00 |
| Overdraft Paid (Courtesy Payment) | |||
| $10.00 or less | No fee | No fee | No fee |
| $10.01 or greater | $10 per presentment** | $10 per presentment** | $10 per presentment** |
| Returned Item fee (non-sufficient funds) | |||
| $10.00 or less | No fee | No fee | No fee |
| $10.01 or greater | $3.00 per presentment*** | $3.00 per presentment*** | $3.00 per presentment*** |
** Overdraft Paid fees are limited to a daily maximum of 5 overdraft fees per day per account. *** Returned Item fees are limited to one per day per account. We may charge a fee each time an item is submitted or resubmitted for payment. Therefore, you may be assessed more than one Returned Item fee as a result of a returned item or resubmission(s) of the returned item. | |||