Missouri Credit Union Money Market Accounts
If you're looking to earn a higher rate on your savings, a Money Market Account from Missouri Credit Union might be for you! MCU members can earn money market rates without sacrificing security or liquidity with MCU's Money Market Account. As a benefit to our members, MCU offers this insured account with a low minimum balance of $1,000 (with no minimum balance fees) and pays a higher rate than other liquid accounts.
Money Market Account Features:
- No minimum balance fees
- No minimum withdrawal amount
- No monthly service charges
- No per check charges
- Low cost personalized checks
- Deposit automatically with payroll deposit
- $1,000 average daily balance requirement to earn interest, but no below minimum balance fee
- Competitive interest calculated on your average daily balance and paid each month
Money Market Account Rates and APY
|Money Market Rates||Rate||APY|
|Avg. Daily Balance $100,000.00 or more||1.29%||1.30%|
|Avg. Daily Balance $50,000.00 - $99,999.99||0.90%||0.90%|
|Avg. Daily Balance $25,000.00 - $49,999.99||0.60%||0.60%|
|Avg. Daily Balance $10,000.00 - $24,999.99||0.40%||0.40%|
|Avg. Daily Balance $1,000.00 - $9,999.99||0.30%||0.30%|
What's the Benefit of a Money Market Accounts?
Money Market Accounts offer two main benefits: they have a higher interest rate than traditional savings accounts, and they often have limited check-writing abilities. In this way, Money Market Accounts are a hybrid of checking and savings benefits. This type of account does require a higher deposit than other types of savings accounts and is NCUA & ESI insured.