WHY A MONEY MARKET ACCOUNT?
A money market is an interest-bearing account that is similar to a savings account, but offers higher interest rates. The benefit of having a money market account is that funds are not tied up like share certificates. Deposits can be made at any time, for any amount, and can be withdrawn at any time, penalty free.
- Tiered rates based on minimum balance
- Dividends paid monthly, calculated on average daily balance
- No withdrawal penalties
- No monthly service fee
- Minimum deposit of $500 to open and earn Annual Percentage Yield (APY)