Money Market Account Access and Growth All in One Account
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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.
| Balance | APY1 |
|---|---|
| $100,000 and over | 1.15% |
| $50,000 to $99,999.99 | 1.00% |
| $20,000 to $49,999.99 | 0.75% |
| $10,000 to $19,999.99 | 0.60% |
| $1,000 to $9,999.99 | 0.50% |
| $0 to $999.99 | 0.00% |
| Accurate as of 08/15/2017 | |
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.
A Money Market Account is a savings account that includes the ability to write checks.
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).
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
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.
Disclosures
1 Annual Percentage Yield (APY) accurate as of 8/15/2017. 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.
Federally Insured by NCUA