Just like a Savings Account, Money Market Accounts allow you to access your cash but offers even greater savings. All you have to do is maintain a minimum balance of $2,500.
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Minimum Opening Balance: $2,500
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Monthly Service Charge: $10, if balance drops below minimum of $2,500
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This account can be used as an overdraft protection tool and the transfer would count towards your six (6) pre-authorized transfers that are allowed per month.
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Withdrawals/Transfers: Allowed up to six (6) pre-authorized, automatic, online banking, telephone transfers or withdrawals to another of the Member's Credit Union accounts, or to a third party during any statement period. No more than three (3) of the six (6) transfers may be made by check, draft, debit card or similar order to a third party.
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Dividends are figured on the Member's average daily balance and compounded monthly. Refer to rate sheet for current rates.