Get higher returns on your money with a money market savings account from Service Credit Union. You will earn dividends on your savings. The basic dividend earning starts when you have a minimum balance of $5,000 in your account. It works on the principal of daily balance. At Service Credit Union they are dedicated to exceeding your expectations.
Money Market Accounts from Service Credit Union pay dividends to their members on the basis of average daily balance method. Money Market Accounts is easy to open and easy to maintain in Service Credit Union. Their investment dividend tier is set monthly by the Board of Directors, and a minimum $5,000 daily balance is required for dividend eligibility. Dividends are not paid on accounts that are closed during that dividend period.
All Money Market Savings Account holders will receive a detailed statement each month that lists all checks and transactions in a simple, easy to understand format and one more thing that your deposits are insured up to $100,000 by the National Credit Union Administration (NCUA), a U.S. Government Agency.
Money Market Account Rates work on four tires:
Tier 1:
- If your Average Daily Balance is up to $5,000.00 you will get a Dividend Rate of 2.23% with an APY of 2.25%
Tier 2:
- If your Average Daily Balance is up to $10,000.00 you will get a Dividend Rate of 2.72% with an APY of 2.75%
Tier 3:
- If your Average Daily Balance is up to $25,000.00 you will get a Dividend Rate of 2.96% with an APY of 3.00%
Tier 4:
- If your Average Daily Balance is up to $50,000.00 you will get a Dividend Rate of 3.20% with an APY of 3.25%
You can even write checks out of your Money Market Savings Account. When you open your account you’ll receive 50 complimentary duplicate. You can write three checks out of your Money Market Savings Account each month. If you should ever need a duplicate of a check, just call a branch office. Service Credit Union holds all checks to safeguard against fire or loss. Copies are available upon request. You can also apply for its membership and start enjoying these account facilities now.
Savings Account & MMA Rates
CD (Certificate of Deposit) Rates