Is your money working as hard for you as you do for it? We can help you with that.
Save the cash that your business generates and let it grow alongside your company.
Grow your business savings with an SCU money market account. Competitive rates help boost your savings and maximize the investments you can make to support your business. Have your money work smarter, not harder!
A money market account is a type of low-risk, high-yield savings account that sometimes earns more interest than a regular share savings account. A money market account requires a minimum balance, and the higher the balance, the more you earn.
You can deposit money into your money market account at any time, and you can spend from it just like a checking account, as long as you maintain the minimum daily balance. You also 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 | APY1 | Minimum Deposit2 |
|---|---|---|---|
| Money Market | 1.98% | 2.00% | ≥ $100,000.00 |
| Money Market | 1.49% | 1.50% | $50,000.00 – $99,999.99 |
| Money Market | 1.24% | 1.25% | $10,000.00 – $49,999.99 |
| Money Market | 1.00% | 1.00% | $2,500.00–$9,999.99 |
| Money Market | 0.75% | 0.75% | $10.00–$2,499.99 |
1APY = Annual Percentage Yield. Rate is effective as of 3/1/23 and is subject to change after account opening without notice.
2Minimum daily balance required to obtain the stated APY is $100,000. Membership to SCU requires a one-time dividend-earning deposit of $5.00 in a prime share account.
