Grow your business savings with an SCU Money Market Account. Competitive rates help boost your savings giving you more money when needed to help your business. Have your money work smarter, not harder!
A money market account is a type of savings account that sometimes earns a higher amount of interest than a regular share savings account, and the minimum balance for this account is sometimes higher than the minimum balance of a regular share savings account.
You can deposit money into your money market account at any time, and you have the option to close the account at any time, with no penalty for doing so.
Minimum Balance Requirements
The minimum balance required to open this account is $2,500.00.
|Account Type||Interest Rate||APY*||Minimum Deposit**|
|Money Market||0.15%||0.15%||$10.00 – $2,499.99|
|Money Market||0.20%||0.20%||$2,500.00 – $9,999.99|
|Money Market||0.30%||0.30%||$10,000.00 – $49,999.99|
|Money Market||0.45%||0.45%||$50,000.00 – $99,999.99|
*APY = Annual Percentage Yield. Rate is effective as of 7/1/20 and is subject to change after account opening without notice. **Minimum daily balance required to obtain the stated APY is $100,000. Only new money to SCU is eligible. Membership to SCU requires a one-time dividend-earning deposit of $5.00 in a prime share account.