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Money Market Accounts
Offers slightly more interest - and slightly less flexibility than a traditional savings account
- guaranteed return on investment
- rates set weekly, reflecting short term market rates for U.S. government securities
- no service fees as long as balance remains at or above $2000*
- six free withdrawals allowed monthly
- can use pre-printed checks to draw on account
- free 24-hour bank-by-phone account access (TESS®)
- federally insured by National Credit Union Administration (NCUA) up to $250,000
- additional private insurance coverage from Excess Share Insurance (ESI) of up to $250,000 per member, for total coverage up to $500,000
* Fees could reduce earnings on the account.
Comparison Chart
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