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Money Market Savings Account

Earn more with every dollar you save. UMCU’s Money Market Savings Account offers tiered interest rates, easy access, and a more innovative way to grow your savings. Start building your financial future today!

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Grow Your Savings with UMCU’s Money Market Account

Looking for a savings account that does more than just hold your money? UMCU’s Money Market Savings Account rewards you with monthly interest* on balances of $2,000 or more.

Whether you're saving for future goals or building your financial foundation, our Money Market Savings Account helps your money work harder for you.

  • Tiered Interest Rates: Earn more as you save more, with higher interest rates at $5,000, $10,000, and $25,000.
  • Higher Returns: Enjoy better interest rates than a traditional Share Savings account.
  • Convenient Access: Manage your funds 24/7 through our Online Banking Portal and mobile app.
  • Minimum opening deposit: $500
  • Minimum monthly deposit: $500

Money Market Savings Rates

Type Tier Min. Balance to Open Rate Interest Rate APY**
Type Money Market Savings Tier $2,000 - $4,999.99 Min. Balance to Open N/A Interest 0.45% APY* 0.45%
Tier $5,000 - $9,999.99 Min. Balance to Open N/A Interest 0.45% APY* 0.45%
Tier $10,000 - $24,999.99 Min. Balance to Open N/A Interest 0.75% APY* 0.75%
Tier $25,000+ Min. Balance to Open N/A Interest 1.05% APY* 1.06%

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Savings Account

  • No monthly fees
  • No minimum deposits
  • Interest earned on your deposited funds - credited monthly
  • Manage your money with digital tools
  • Financial counselors to assist in your financial savings goals
  • Fee-Free Access to 30,000+ ATMs* nationwide within the CO-OP network

Individual Retirement Accounts (IRAs)

  • Invest Up to $7,000 Annually ($8,000 if you're over 50).
  • Traditional IRAs: Potential income tax deductions for every contribution.
  • Roth IRAs: Tax-free growth and tax-free withdrawals.
  • Flexibility: IRAs can often be used for higher education expenses.

Disclaimer

*Interest is paid monthly. Third-party transfers are limited to six per month in accordance with Regulation D requirements.

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