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% |
| Money Market | $500 | $100,000+ | Monthly | 2.500% | 2.529% |
| Rates Effective |
|