Money Market

The Money Market account is a savings account that allows you to earn a higher dividend rate on your money while giving you the flexibility and convenience to access your funds whenever you need it.

You can open your Money Market Account with a minimum deposit of $2,500. The dividend rate increases as your balance increases. So the more you deposit, the higher dividend you earn! If your balance drops below $2,500, you will earn the same dividend rate as the Share Savings Account. Dividends are compounded daily and paid monthly.

You are allowed to make up to 3 withdrawals of at least $500 per month. There is a fee of $15 if you exceed the 3 withdrawal maximum.

To open a Money Market Savings Account at Federated Employees Credit Union, you will need to complete the Account Change Form, print it, sign it, and return it to us. You will also need to make the $2,500 minimum opening deposit. You can transfer funds from another savings account at Federated Employees Credit Union to make the opening deposit.

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