A money market account falls neatly between a traditional savings account and a certificate of deposit (CD). You’ll earn a higher interest rate than a savings account, and you’ll have greater access to your money than you would with a CD. You’re allowed unlimited deposits, but withdrawals are limited to 6 per month so you keep moving toward your savings goals.
Utah First rewards your larger money market contributions with increased premium rates that are only available with this account. Like our regular money market, deposits into your High-Yield Money Market are unlimited and you’re allowed up to 6 withdrawals per month. It’s clear that you’ll have all the benefits you want with this account – so what are you waiting for?
Like savings accounts and CDs, a money market account is a no-risk savings plan. Your money is insured for a minimum of $250,000 by the National Credit Union Administration, a U.S. Government agency. Call 800-234-0729 for more information.
Money Markets are your zero-risk strategy for earning interest without sacrificing access to your money.