Last Updated: 04/18/2025
Abound Credit Union Business Money Market Account
Unaffiliated
from Abound Credit Union
Last Updated: 04/18/2025
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Highlights
APY (Annual Percentage Yield)
0.70% - 1.30%(Verified 09/23/2024)
Minimum Balance to Earn APY
$1,000
Minimum Opening Deposit
$1,000
Abound Credit Union Business Money Market Account Review
Abound Credit Union Business Money Market Account is offered by Abound Credit Union, a credit union founded in 1950 and based in Radcliff, KY. Abound Credit Union Business Money Market Account are available in 50 states, 5 US territories, and Washington, DC.
Key Takeaways
- Very high annual percentage yield (APY). This account offers an annual percentage yield of up to 1.30%, which is much higher than the national average for a money market account. However, you must keep a minimum balance of $1000.00.
- Waivable monthly maintenance fee. Need to maintain a minimum balance of $1,000 to avoid fee
- $1,000.00 minimum deposit. This is a typical minimum initial deposit, but there are accounts that require a smaller initial deposit.
Pros & Cons of Abound Credit Union Business Money Market Account
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Abound Credit Union Business Money Market Account FAQ
Are money market accounts from Abound Credit Union federally insured?
Yes, your money market accounts are insured up to $250,000 per share owner for each account ownership category. The National Credit Union Administration (NCUA), a federal agency, administers the insurance fund and regulates federally insured credit unions. The fund is backed by the full faith and credit of the U.S. Government.
What are the dividends for Abound Credit Union Business Money Market Account rates?
Abound Credit Union Business Money Market Account offers an APY starting at 0.70% and ranging up to 1.30% (APY stands for annual percentage yield, rates may change). However, to earn interest you must keep a minimum balance of $1000.00.
| Rates | Amount |
| APY (Annualized Percentage Yield) | 0.70% - 1.30% |
What are the fees for Abound Credit Union Business Money Market Account?
This account charges a monthly maintenance fee of up to $10.00. You can avoid this fee by maintaining a balance of $1,000.00.| Description | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Monthly Maintenance Fee | $10.00 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Paper Statement Fee | Starting at $3.00 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| NSF Fee | $31.00 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Monthly Maintenance Waiver Requirements | Need to maintain a minimum balance of $1,000 to avoid fee | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
What is the minimum balance for Abound Credit Union Business Money Market Account?
Minimum deposit of $1,000.00. You must make an initial deposit of at least $1,000.00 to open this account.
Monthly maintenance fee waiver. You can avoid the monthly fee if you keep a balance of $1,000.00.
Interest rate minimum balance of $1,000.00. You must keep the account balance above $1,000.00 to earn interest.
What features and perks does Abound Credit Union Business Money Market Account offer?
This account includes the following features:
What is the customer service phone number?
The customer service number for this account is (800) 285-5669.
How to open an account with Abound Credit Union
- Visit the Abound Credit Union website.
- Fill in the application form. You will typically need to provide general financial information, such as your name, Social Security Number and address.
- Check the information is accurate and submit your application.
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Hours of Operation
SundayClosedMonday9:00AM - 5:00PMTuesday9:00AM - 5:00PMWednesday9:00AM - 5:00PMThursday9:00AM - 5:00PMFriday9:00AM - 5:00PMSaturdayClosed
Other Services by Abound Credit Union
Other Money Market Accounts from Abound Credit Union
Rating not yet determined
APY (Annual Percentage Yield)
1.85%
Disclaimer popup with additional information
Minimum Balance to Earn APY
$250,000
Minimum Opening Deposit
$0
Rating not yet determined
APY (Annual Percentage Yield)
0.70% - 1.30%
Disclaimer popup with additional information
Minimum Balance to Earn APY
$1,000
Minimum Opening Deposit
$0
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