Money Market Account
High yields, with fast access to your money when you need it.
Tiered Rate Account
$1,000 Opening Deposit
Use Checks or Debit Card
6 Withdrawals Per Month‡
How It Works
A Money Market Account has the access and security of a normal savings account but earns you higher interest. You are able to use checks, a debit card, or make transfers from your account up to six (6) times per month‡. As a tiered rate account, you earn more when you save more but you must keep a minimum of $1,000 in your account to earn dividends.
|Minimum Opening Deposit:||$1,000|
|$1,000 - $9,999.99||0.10%||0.10%|
|$10,000 and over||0.15%||0.15%|
|Money Market Accounts with a balance below $1,000 will not earn dividends. Please see the Rates & Fees page for fee if minimum balance is not maintained.||Open Now|
Already a member and want to open another account online?
If you are already a member of Neighborhood CU and you would like to open a Money Market Account online, please log into your Online Banking account and look under the Additional Services tab.
A relatively high rate compared to other savings or checking accounts.
Access to Your Money
Write checks, make withdrawals, and perform transfers‡.
Insured by the NCUA
Your Money Market Account is federally insured by the NCUA up to $250,000.
Want to compare savings accounts side by side?
Click the "Compare Accounts" button to explore in-depth.
|Account Type||Summary||Minimum Opening Deposit||APY*||Fees|
|High Yield Savings||
24/7 access to funds, no maintenance fees, access to funds with 3 free withdrawals per month
|$10,000||1.40% on $10,000 or more||None|
Low minimum opening deposit, tiered interest rate, access to funds with 6 withdrawals per month
$10,000 & up: 0.15%
|$10 per month if minimum balance of $1,000 is not maintained|
|60 Month Certificate of Deposit||
Low risk, interest rate compounded daily
|$2,500||1.40%||Interest penalty may apply for early withdrawal|
Withdrawals not allowed until funds are transferred into Prize Savings in early November
|$100||0.15%||Early closure fee|
Earn cash and prizes during weekly, monthly, and an annual grand prize drawing
|$25||0.10%||$5 per month if minimum balance is not maintained and no other loan or deposit relationship exists.|
|Individual Retirement Savings||
Save for retirement with a Traditional IRA or Roth IRA
Use to separate your funds for special purposes. Login to Online Banking to open online
For kids ages 0 through 12
*APY = Annual Percentage Yield
Frequently Asked Questions
Once a particular range is met, the dividend rate and annual percentage yield for that balance range will apply to the full balance of your account.
Dividends are based on the daily balance and paid monthly.
Yes, your Money Market Account funds can be used as collateral on a loan with Neighborhood Credit Union.
No, they are not.
Yes, if you are withdrawing funds from your Money Market Account, it must be a minimum of $500.
‡Maximum of six withdrawals per month with a minimum of $500 each. If minimum balance drops below $1,000.00, fees may apply and the rate will drop to checking account annual percentage rate. Please see the Rates & Fees page for fee if minimum balance is not maintained.
†APY = Annual Percentage Yield. Rate effective April 1, 2020 and subject to change after guarantee period. $1,000 minimum deposit required to open account. View the Truth-In-Savings Disclosure.
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