Money Market Accounts
If you have some money saved up that you don’t plan on using for the next few months, then this is where you put it. It’s really just a higher yielding share account. The only restrictions are that there is a minimum balance of $2,500, fall below the minimum balance and a $25 fee will be assessed.
- Rate 1.25%
- APY 1.26%
- Minimum Deposit Amount $100.00
- * See Qualifications Below
- **All Rates are subject to change without notice
- Rate 1.00%
- APY 1.01%
- Minimum Deposit Amount $100.00
- * See Qualifications Below
- **All Rates are subject to change without notice
- Rate 1.50%
- APY 1.51%
- Minimum Deposit Amount $100.00
- * See Qualifications Below
- **All Rates are subject to change without notice
- Rate 3.00%
- APY 3.04%
- Minimum Deposit Amount $100.00
- * See Qualifications Below
- **All Rates are subject to change without notice
What Can a Money Market Account do for you?
Money market accounts are a great option for earning higher interest than a regular savings account while keeping your money liquid.
Higher Interest Rates
They often offer better interest rates than regular savings accounts.
Liquidity & Easy to Access
Money Markets fall in between a Savings or Checking Accounts and Certificate of Deposits, they are more liquid and easer to
Safety
Filer Credit Union Money Market accounts are insured by the NCUA so you know your money will be there when you need it.
| Account Type | APY | Minimum Deposit | Minimum Balance |
|---|---|---|---|
| REGULAR SHARES | 0.1% | $5 | $25 |
| SHARE DRAFTS | 0.05% | $25 | |
| CHRISTMAS CLUB | 0.2% | $0 | |
| TRADITIONAL IRA SHRS | 0.85% | $0 | |
| ROTH IRA SHARES | 0.85% | $0 | |
| SUB SHARES | 0.1% | $25 | |
| MONEY MARKET SHARE | 1.01% | $2500 | $2500 |
| MONEY MARKET SHARE | 1.26% | $2500 | $25000 |
| MONEY MARKET SHARE | 1.51% | $2500 | $100000 |
| MONEY MARKET SHARE | 3.04% | $2500 | $250000 |
| HSA CHECKING ACCOUNT | 0.05% | $25 |
Here are the details
Limited to one per membership account. The minimum balance to open is $2500.00. Minimum deposit after opening is $100.00. Minimum balance to avoid fee is $2500.00. Fall below minimum balance and a $25.00 fee will be assessed. Account can be used for overdraft protection on a checking account, however, if account falls below the minimum balance the account will be assessed a $25.00 fee. Tiered services apply. Must maintain the minimum balance to earn the annual percentage rate.
Membership Eligibility Required
APY – Annual Percentage Yield
All Rates are subject to change without notice
DATE UPDATED: 3-1-2025
Answers to Your Questions
What is the interest rate, and does it change over time?
Interest is based off of APY or Annual Percentage Yield where interest is compounded per year. Rates are subject to change at any time.
Are there any fees or minimum balance requirements?
The minimum balance to open is $2500.00. Minimum deposit after opening is $100.00. Minimum balance to avoid fee is $2500.00. Fall below minimum balance and a $25.00 fee will be assessed. Account can be used for overdraft protection on a checking account, however, if account falls below the minimum balance the account will be assessed a $25.00 fee. Tiered services apply. Must maintain the minimum balance to earn the annual percentage rate.
How many withdrawals or transactions are allowed per month?
There is no monthly withdrawal or transaction fees unless the account falls below $2500.oo. Fall below the minimum balance and a $25.00 fee will be assessed.
Is the account FDIC- or NCUA-insured?
Yes, Filer Credit Union Money Market Accounts are insured through the NCUA.