Money Market Account
Money markets are savings accounts with a twist: the more you deposit, the higher your dividend rate. The minimum balance to earn dividends for your money market account is $500.00. If you’ve built up at least that much savings, a money market is a good place to put it. You’ll earn even higher dividends if you deposit a larger amount.
The minimum withdrawal is $100. Your money is covered up to $250,000 by the federal government.
|Type Of Account||Minimum Balance To Open||Minimum Monthly Balance||Compounding Frequency||Interest (Dividend) Rate||Annual Percentage Yield|
|Money Market||$500||$500 to $24,999||Monthly||0.500%||0.501%|
|Money Market||$500||$25,000 to $49,999||Monthly||1.250%||1.257%|
|Money Market||$500||$50,000 to $99,999||Monthly||1.500%||1.510%|