Money Market

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. Withdrawals are limited to a combination of six electronic withdrawals or transfers per month. In-person withdrawals and transfers are unlimited. Your money is covered up to $250,000 by the federal government.

Type Of AccountMinimum Balance To OpenMinimum Monthly BalanceCompounding FrequencyInterest (Dividend) RateAnnual Percentage Yield
Money Market$500$500 to   $24,999Monthly0.050%0.050%
Money Market$500$25,000 to $49,999Monthly0.100%0.100%
Money Market$500$50,000 to $99,999Monthly0.150%0.150%
Money Market $500$100,000+Monthly0.200%0.200%
Rates Effective