FAQs (data-driven)

Insured Money Market

• What is an Insured Money Market Account?

  An Insured Money Market account is a savings account that offers flexible access to funds while earning tiered dividend rates based on account balances.

• Do I have to maintain a minimum balance on my Money Market Account?

  No, there is no minimum balance required to maintain or open an Insured Money Market Account.

• How many withdrawals can I make from my Money Market Account?

  Members can make deposits into the account at any time.

• How does an Insured Money Market work?

  Members can deposit money into the account at any time and earn higher dividend rates as their balance grows.

• What are tiered dividend rates?

  Tiered dividend rates allow members with higher account balances to earn higher dividend rates.

• Is an Insured Money Market account good for flexible savings?

  Yes. Insured Money Market accounts are designed for members who want flexible access to savings while earning competitive dividend rates.

• Is an Insured Money Market account federally insured?

  Insured Money Market accounts are federally insured by the National Credit Union Administration up to applicable limits.

• What is the difference between an Insured Money Market account and a Traditional Savings account?

  Insured Money Market accounts typically offer tiered dividend rates and flexible access to funds while allowing members to earn more as balances increase.