MONEY MARKETS

Earn Interest With Flexibility

Money market accounts are a great way to earn a little extra interest on that money you’re saving for something down the road, like a family vacation, wedding, or mortgage down payment. One advantage of a money market account is after you make your initial deposit you still have access to the funds. Unlike a CD, you can make six withdrawals per month without penalty.

Build Your Savings With Rates As High As 1.50% APY*

Allows For More Flexibility Than A Certificate Of Deposit

Up To Six Free Electronic Withdrawals Per Month**

Accrues Interest Daily, Paid Out Monthly

Tiered Interest Money Market

Momentum Money Market

Start Earning Interest With a $2,500 Balance

No Cap On Interest-Earning Balance

Start Earning Interest With a $5,000 Balance

Ideal For Balances Of At Least $50,000

Six Free Online Withdrawals Per Month**

Account Access In Online Banking

No Fees To Close Account

*Annual Percentage Yield (APY) accurate as of 6/1/19. Your interest rate and APY will be based on the balance in your account. Rate is variable and may change after account is opened. Fees can reduce earnings. Insured By NCUA.
** $10 fee for each electronic withdrawal after six. Members can make unlimited withdrawals in person at a member center.

Tiered Interest Money Market

Advantages

  • Smaller initial deposit requirement than Momentum Money Market, making it easier for you to earn more interest
  • No minimum balance fee
  • Start earning interest when your balance reaches $2,500
  • Ideal for short term savers. Example: House or car shoppers who are trying to save for a down payment.

Current TIMM Rates

Tiered Interest Money Market Accounts Effective Date:
Amount Interest Rate APY*
$2,500.00 - $9,999.99 0.10% 0.10%
$10,000.00 - $24,999.99 0.15% 0.15%
$25,000.00 - $49,999.99 0.20% 0.20%
50,000.00 - $99,999.99 0.25% 0.25%
100,000.00 - $249,999.99 0.30% 0.30%
$250,000.00 + 0.35% 0.35%

*Annual Percentage Yield. Rates are variable and subject to change without notice after account is opened. By federal regulation, some restrictions may apply.

MOMENTUM MONEY MARKET

Advantages

  • With an industry-leading interest rate, earn up to 7x the national average!* As your balance increases to a new tier so does your interest rate.
  • A good option for members with a little extra money to deposit.
  • Ideal for long term savers who are considering a CD, but might need access those funds before the CD matures.

*According to Bankrate.com National Average Survey conducted May 2019.

Current Momentum Rates

Momentum Money Market AccountsEffective Date:
Amount Interest Rate APY*
$5,000.00 - $49,999.99 0.25% 0.25%
$50,000.00 - $99,999.99 1.045% 1.05%
$100,000.00 - $249,999.99 1.144% 1.15%
$250,000.00 - $499,999.99 1.243% 1.25%
$500,000.00 - $1,000,000.00 1.490% 1.50%

*Annual Percentage Yield. $20.00 monthly minimum balance fee applied for balances under $5,000. Rates are variable and subject to change without notice after account is opened. By federal regulation, some restrictions may apply.

Money Market Calculator

Use this calculator to help you determine how much you could earn with a Momentum Money Market Account. 

Money Market FAQs

A money market account, also known as a tiered interest money market account, is a savings account which typically pays a higher rate of interest as the balances in the account increases. As your money grows, the more you earn!

Rates are subject to change at any time. Please refer to the rates tables on this page for the most up to date interest rates.

The TIMM account is the original tiered interest money market account. You must have a balance of at least $2,500 to earn interest.

There are no minimum balance fees on the TIMM account, but you won’t earn interest on balances below $2,500.

The TIMM does follow the standard Regulation D, which means members are allowed six penalty-free online withdrawals per month. Members can make unlimited withdrawals per month in person at a member center.

The Momentum Money Market account is a tiered interest money market account with higher interest rates than a TIMM, but with the same flexibility of a TIMM account.

There are no minimum balance fees on the Momentum account, but you won’t earn interest on balances below $5,000.

The Momentum Money Market does follow the standard Regulation D, which means members are allowed six penalty-free online withdrawals per month. Members can make unlimited withdrawals per month in person at a member center.

The Momentum Money Market account is geared towards higher interest rates on balances over $50,000. Although the minimum balance is $5,000 to open an account, the higher interest rates are for the $50,000 tiers and higher.

Tips To Save Money

We know it’s not always easy to build up your savings account, so we have included some helpful tips and tricks from our blog to help you reach your savings goals.