Savings & Checking
Insured Money Market Account
When you put your money in a Money One Insured Money Market Account, you get flexibility and higher rates with higher balances. You don't get the fees money market mutual funds charge.
- High yields - Rates go up as your balance does and are comparable to
those for money market mutual funds. Dividends are declared monthly
based on your balance:
- Easy access - You can make as many
as six withdrawals a month-three by check and three by any other
means (by calling the MoneyLine, by using
MoneyLink Home Banking, by mail or
in person).
- Safety - Every penny of your first $250,000 in deposits at Money One is federally insured. (IRA deposits are insured separately and receive the same amount of protection.)
We offer 2 options:
Insured Money Market Account (IMMA)
Tier 1 $2,500 - $9,999.99
Tier 2 $10,000 - $19,999.99
Tier 3 $20,000 or more
| Minimum balance: |
$2,500 |
| Minimum deposit: |
$100 (after initial deposit) |
| Minimum withdrawal |
$500 |
New Premium Insured Money Market Account (IMMA) – Higher Rate
The bigger your balance, the bigger the rate!
Tier 1 $0-$24,999
Tier 2 $25,000-$49,999
Tier 3 $50,000-$99,999
Tier 4 $100,000+
| Minimum balance: |
$25,000 |
| Minimum deposit: |
$100 (after initial deposit) |
| Minimum withdrawal |
$500 |
Rates are subject to change. Dividends are declared monthly based on your balance. On the Premium IMMA a $10 fee will apply each month your average daily balance falls below $25,000.
To open an Insured Money Market Account, simply
print out the application
and mail them (along with a check or transfer instructions) to the
Credit Union. Be sure to include a copy of
your driver's license or other government issued photo identification
with your application. |
