Money Market Advantage Account
Answers to frequently asked questions
Why should I get a Money Market Advantage account?
- Higher dividend rates
- Dividends compound daily — paid monthly
- Liquidity — get to your funds quickly
- Great for those whose balances fluctuate
Can I earn higher dividends for higher balances?
Yes. Our Money Market Advantage account rates are tiered — the higher balance you have on deposit, the higher rate you will earn.
Is there a minimum transaction amount?
No. Your transaction can be for any amount.
Are there limitations on the number of transactions I can make per month?
Yes, there are some limitations. The Credit Union's Money Market Advantage account offers you easy access to your funds with:
- Unlimited Teller/Cashiers checks, transfers and cash transactions
made in person.
- During any statement period, you may not make more than six withdrawals or transfers to another Credit Union account of yours or to a third party by means of pre-authorized or automatic transfer or telephonic order or instruction. (Examples: BillPayer, wire transfers).
Are there any fees associated with a Money Market Advantage Account?
Fees can be avoided by keeping the minimum amount required on deposit and by not exceeding the above transaction guidelines. If you exceed the transaction limitations in any statement period, your share draft may be returned unpaid, and your account will be subject to a return fee per item. If you fall below the minimum balance requirements during the statement period, your account will be accessed a monthly service fee. See the Fee Schedule for more information.