What is a Money Market account?

A Money Market account (MMA) is an interest-bearing account that pays a higher interest rate than a savings account. It’s a great option for people who maintain a little larger balance and want to earn more interest than they can with a savings account, and who need to access their funds.

Two account options help you save more

MMAs and Investor MMAs have small monthly fees associated with them which can be reduced or avoided by maintaining a higher monthly balance or earning a higher Member Merits category, and your funds are federally insured.

Rates: Money Market and Investor's Money Market

Money Market account rates
Effective Date: Tuesday, May 28th, 2024
AccountMinimum balance to earn dividends*Dividend rateAnnual Percentage Yield (APY)
Money Market $0.00 1.54% 1.55%
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.

Investor's Money Market account rates
Effective Date: Tuesday, May 28th, 2024
For account balances ofDividend rateAnnual Percentage Yield (APY)
0 -$9,999 0.00% 0.00%
$10,000 - $24,999 1.59% 1.60%
$25,000 - $49,999 1.64% 1.65%
$50,000 - $99,999 1.98% 2.00%
$100,000 and more 2.23% 2.25%

1. Money Market account

Like a savings account, the minimum balance required to open and maintain a regular MMA is typically low. Like with a savings account, there are no restrictions on how often you can deposit to or withdraw from the account. 

2. Investor's Money Marketing account

Members looking for a low-risk, interest-bearing account for even larger sums of money may want to consider an Investor’s Money Market account. You have the same flexible access to your money as with a regular MMA.

  • The interest you earn on an Investor’s Money Market is based on the amount of funds in the account. The account offers four tiers with minimum deposits at $10,000, $25,000, $50,000 and $100,000. The more you save, the greater the interest you earn on your funds.

Flexible uses, plenty of access

At Oregon State Credit Union, you can designate your MMA or Investor’s MMA to provide overdraft protection for your checking account. You can deposit funds at a branch, ATM or by direct deposit, and you can view your account or transfer funds at a branch or ATM, through online banking or by calling the Phone Access Teller (PAT) at 800-732-0173.

Savings, Certificate account, MMA comparison chart

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