Money Market Account
High yields, with fast access to your money when you need it.
Account Details
Tiered Rate Account
$1,000 Opening Deposit
Use Checks or Transfers
6 Withdrawals Per Month‡
How It Works
A Money Market Account has the access and security of a normal savings account but earns you higher interest. You are able to use checks or make transfers from your account up to six (6) times per month‡. As a tiered rate account, you earn more when you save more but you must keep a minimum of $1,000 in your account to earn dividends.
Money Market |
|
0.10% APY† |
| Minimum Opening Deposit: | $1,000 | |
| Amount | Interest | APY† |
| $1,000 - $9,999.99 | 0.10% | 0.10% |
| $10,000 and over | 0.10% | 0.10% |
| Money Market Accounts with a balance below $1,000 will not earn dividends. Please see the Rates & Fees page for fee if minimum balance is not maintained. | Open Now |
Already a member and want to open another account online?
If you are already a member of Neighborhood CU and you would like to open a Money Market Account online, please log into your Online Banking account and look under the Additional Services tab.
Higher Rates than Banks
A relatively high rate compared to other savings or checking accounts.
Access to Your Money
Write checks, make withdrawals, and perform transfers‡.
Insured by the NCUA
Your Money Market Account is federally insured by the NCUA up to $250,000.
Want to compare savings accounts side by side?
Click the "Compare Accounts" button to explore in-depth.
Compare Accounts
Close
| Account Type | Summary | Minimum Opening Deposit | APY* | Fees |
|---|---|---|---|---|
| High Yield Savings |
24/7 access to funds, no maintenance fees, access to funds with 3 free withdrawals per month
|
$10,000 | 3.00% on $10,000 or more | If minimum balance is not maintained. See Rates & Fees page for current fees. |
| Money Market |
Low minimum opening deposit, tiered interest rate, access to funds with 6 withdrawals per month
|
$1,000 |
$1,000-$9,999.99: 0.10%
$10,000 & up: 0.10%
|
If minimum balance is not maintained. See Rates & Fees page for current fees. |
| 60 Month Certificate of Deposit |
Low risk, interest rate compounded daily
|
$2,500 | 3.05% | Interest penalty may apply for early withdrawal |
| Christmas Club |
Withdrawals not allowed until funds are transferred into Prize Savings in early November
|
$100 | 0.10% | Early closure fee |
| Prize Savings |
Earn cash and prizes during weekly, monthly, and an annual grand prize drawing
|
$25 | 0.10% | If minimum balance is not maintained and no other loan or deposit relationship exists. See Rates & Fees page for current fees. |
| Individual Retirement Savings |
Save for retirement with a Traditional IRA or Roth IRA
|
$100 | 0.10% | None |
| Special Savings |
Use to separate your funds for special purposes. Login to Online Banking to open online
|
$25 | 0.10% | None |
| Kid's Savings |
For kids ages 0 through 12
|
$25 | 0.10% | None |
*APY = Annual Percentage Yield
Account Finder
Not sure where to start? Let us narrow down products that may be the solution to what you’re looking for!
Frequently Asked Questions
Once a particular range is met, the dividend rate and annual percentage yield for that balance range will apply to the full balance of your account.
Dividends are based on the daily balance and paid monthly.
Yes, your Money Market Account funds can be used as collateral on a loan with Neighborhood Credit Union.
No, they are not.
Yes, if you are withdrawing funds from your Money Market Account, it must be a minimum of $500.
‡APY=Annual Percentage Yield. Rates may change at any time. Account earns 0.00% on balances below $1,000. Account earns a rate of 0.10% and an APY of 0.10% on balances of $1,000 to $9,999.99. Account earns a rate of 0.10% and an APY of 0.10% on balances of $10,000 or more. Minimum deposit to open $1,000.00. Minimum daily balance to earn dividends and stated APY is $1,000.00. Dividends compounded and paid monthly. Minimum balance fee of $10 per month assessed on balances below $2,000. Account transfer and withdrawal limitations apply. See fee schedule for details. Fees may reduce earnings.
Please see the Rates & Fees page. View the Truth-In-Savings Disclosure.