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  • Money Market Account 2017-07-17T13:49:14+00:00

    Money Market Account Access and Growth All in One Account

    Call 800.845.5025

    Features

    Online & Mobile Banking

    Manage your money 24/7 from a smartphone, smartwatch, tablet, or computer.

    Easy Access

    Up to 6 electronic withdrawals or transfers per month.

    Direct Deposit

    Add money on your own terms.

    High Yields

    Your dividends are compounded monthly on balances over $1,0001.

    Money Market Yields
    BalanceAPY1
    $100,000 and over1.15%
    $50,000 to $99,999.991.00%
    $20,000 to $49,999.990.75%
    $10,000 to $19,999.990.60%
    $1,000 to $9,999.990.50%
    $0 to $999.990.00%
    Accurate as of 07/14/2017

    Active checking2 is required to receive the above yields. See disclosures for active checking requirements.

    Fees

    See our Fee Schedule for a list of fees you may encounter.

    FAQs: You Asked. We Answered.

    What is a Money Market Account? 2017-06-29T11:19:34+00:00

    A Money Market Account is a savings account that includes the ability to write checks.

    Is there a minimum balance required to open a Money Market Account? 2017-06-29T11:19:40+00:00

    Yes, you must open the account with a minimum of $1,000. There is no penalty or fee for your balance falling beneath $1,000 after opening, but you must maintain a minimum daily balance of $1,000 to earn the disclosed Annual Percentage Yield (APY).

    What APYs are available if I do not meet the active checking2 requirements? 2017-06-29T11:19:46+00:00

    If the active checking2 requirements are not met, the following yields will apply:

    • Balances of $100,000 and over earn 0.50% APY1
    • Balances of $50,000 to $99,999.99 earn 0.40% APY1
    • Balances of $20,000 to $49,999.99 earn 0.35% APY1
    • Balances of $10,000 to $19,999.99 earn 0.25% APY1
    • Balances of $1,000 to $9,999.99 earn 0.15% APY1
    • Balances of $0 to $999.99 earn 0.00% APY1
    Is there a withdrawal limit? 2017-06-29T11:19:49+00:00

    Yes, each withdrawal needs to be at least $250 and there is no fee for the first three checks that clear your account each month. This account is limited to a total of six preauthorized withdrawals or transfers each month. Preauthorized withdrawals include checks and transfers initiated through online banking, telephone and ACH. However, you can withdraw or transfer as often as you need from any ATM or in person, at a Connexus branch. These are not subject to the six transaction limit imposed by federal regulation.

    1 Annual Percentage Yield (APY) accurate as of 6/20/2017. The following advertised yields require active checking2: Balances of $100,000 and over earn 1.15% APY; balances of $50,000 to $99,999.99 earn 1.00% APY; balances of $20,000 to $49,999.99 earn 0.75% APY; balances of $10,000 to $19,999.99 earn 0.60% APY; balances of $1,000 to $9,999.99 earn 0.50% APY; balances of $0 to $999.99 earn 0.00% APY. The following yields are earned if active checking2 requirements are not met: Balances of $100,000 and over earn 0.50% APY; balances of $50,000 to $99,999.99 earn 0.40% APY; balances of $20,000 to $49,999.99 earn 0.35% APY; balances of $10,000 to $19,999.99 earn 0.25% APY; balances of $1,000 to $9,999.99 earn 0.15% APY; balances of $0 to $999.99 earn 0.00% APY. Minimum amount to open is $1,000. Fees may reduce earnings. Rates are subject to change.

    2 Active checking is defined as having at least one (1) Direct Deposit of net pay, including salary, wages, government benefits, or pension made to the account each month; having ten (10) checks, ACH withdrawals, and/or debit card transactions clear the account by the last business day of each month; and electing to receive eStatements. ATM transactions not included.