Money Market Accounts

A Money Market Account (MMA) is a savings account that typically offers a higher interest rate than traditional savings accounts. Here's a look at our MMA options.

Optional Money Account (OMA)

Our Optional Money Account (OMA) is a money market account that pays more than a standard savings account. This account operates on a tiered rate schedule, meaning higher balances result in higher yields. This account is available to both businesses and consumers.

Note: Our OMA account does not allow for check writing capabilities and has a limited means for withdrawal.

Money Plus Money Market Account

Our Money Plus Money Market account is similar to the OMA, except it’s designed for members who want to carry even higher balances in their money market account to receive higher rates. This account is available to both businesses and consumers.

Note: This account does offer the convenience of check writing capabilities (up to three checks per month). Monthly withdrawal limits do apply.
 

Index Money Market Account

Ready to invest in a savings account that offers easy access and more on returns? Our Index Money Market account – designed for both consumers and businesses – provides you with flexibility and earning power, with fewer withdrawal limitations. This account is designed for large balance carriers and provides a stable rate without having to commit to a specific term.

The Index Money Market account is tied to the Federal Funds Index, which means the rate will align with market interest rates, and not otherwise determined by the credit union. This means as the Federal Fund rates move, your money will automatically move with the markets rate.

Note: This account requires a $100,000 opening balance, and $100,000 must be maintained at all times. There is a $25 penalty during any month in which the account falls below $100,000. Guaranteed the rate will not go below 0.25% APY.

Rates & Terms

  Sign-up for Rate Alert

  • Index Money Market
  • 8-01-2018

Balance1

Dividend Rate2

APY3

Up to - $99,999.99

0.25%

0.25%

$100,000 - $249,999.99

1.50%

1.51%

$250,000 - $499,999.99

1.75%

1.77%

$500,000 - $999,999,999.99

2.00%

2.02%

1 A $100,000 minimum balance is required to open. Dividends calculated on daily balance, compounded daily and credited to account at month end. Dividends begin to accrue upon deposit. If the balance falls below the minimum for the tier, the dividend rate drops to the rate of the lower tier. Index Money Market rates are variable and set by the Federal Funds Index, which means the rate will align with market interest rates, and not arbitrarily set by the credit union. A $25 monthly maintence fee will incur for balances falling below $100,000.

2 Variable rate account, rate is subject to change anytime after account opening. Rate is aligned with the Federal Reserve Fed Funds Rate and adjusts at the first of the month following any Federal Reserve rate adjustment. Fees could reduce earnings. Please see our Fee Disclosure Statement for further information about fees potentially related to these accounts. 

3 APY=Annual Percentage Yield. Deposit accounts are insured by account ownership up to $250,000 by the NATIONAL CREDIT UNION ADMINISTRATION. Additional insurance coverage of $250,000 is provided by EXCESS SHARE INSURANCE for total protection up to $500,000.

  Sign-up for Rate Alert

  • OMA Money Market
  • 8-01-2018

Balance1

Dividend Rate2

APY3

Up to $2,499.99

0.20%

0.20%

$2,500 to $9,999.99

0.20%

0.20%

$10,000 to $24,999.99

0.20%

0.20%

$25,000+

0.25%

0.25%

1A $5,000 minimum balance is required to open. Dividends are calculated on the daily balance, compounded daily and credited to the account at the end of the month. Dividends begin to accrue upon deposit. Dividend rates are tiered. If the balance falls below the minimum for the tier, the dividend rate drops to the rate for the next tier. A $10 monthly maintenance will be incurred on balances less than $5,000. Money Market account rates are variable and set by the Board of Directors on a monthly basis.

2Variable rate account, rate is subject to change anytime after account opening. Fees could reduce earnings. Please see our Fee Disclosure Statement for further information about fees potentially related to these accounts. 

3APY=Annual Percentage Yield. Deposit accounts are insured by account ownership up to $250,000 by the NATIONAL CREDIT UNION ADMINISTRATION. Additional insurance coverage of $250,000 is provided by EXCESS SHARE INSURANCE for total protection up to $500,000.

  Sign-up for Rate Alert

  • Money Plus Money Market
  • 8-01-2018

Balance1

Dividend Rate2

APY3

$10,000-$34,999.99

0.25%

0.25%

$35,000-$74,999.99

0.30%

0.30%

$75,000 to $124,999.99

0.40%

0.40%

$125,000 to $499.999.99

0.50%

0.50%

$500.000+

0.75%

0.75%

1 A $10,000 minimum balance is required to open. May issue up to three checks per month. Dividends calculated on daily balance, compounded daily and credited to account at month end. Dividends begin to accrue upon deposit. If balance falls below $10,000 any time during the month, dividend rates becomes equal to stated Regular Savings rate. If the balance falls below the minimum for the tier, the dividend rate drops to the rate of the lower tier. Money Market rates are variable and set by the Board of Directors on a monthly basis. A $15 monthly maintence fee will incur for balances falling below $10,000.

2 Variable rate account, rate is subject to change anytime after account opening. Fees could reduce earnings. Please see our Fee Disclosure Statement for further information about fees potentially related to these accounts. 

3 APY=Annual Percentage Yield. Deposit accounts are insured by account ownership up to $250,000 by the NATIONAL CREDIT UNION ADMINISTRATION. Additional insurance coverage of $250,000 is provided by EXCESS SHARE INSURANCE for total protection up to $500,000.