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 2 per month so you keep moving toward your savings goals. 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.