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  Bank Fund Staff Federal Credit Union Money Market Account

Bank Fund Staff Federal Credit Union Money Market Account

in Money Market Accounts from Bank Fund Staff Federal Credit Union · Member ncua

Unaffiliated

Bank Fund Staff Federal Credit Union Money Market Account

Unaffiliated

in Money Market Accounts from Bank Fund Staff Federal Credit Union · Member NCUSIF

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Highlights
APY (Annual Percentage Yield) 0.15% - 0.35%
APY Minimum Balance $2,500
Minimum Opening Deposit N/A

Bank Fund Staff Federal Credit Union Money Market Account Review

Bank Fund Staff Federal Credit Union Money Market Account is offered by Bank Fund Staff Federal Credit Union, a credit union founded in 1947 and based in Washington DC, DC. Bank Fund Staff Federal Credit Union Money Market Account is available in 0 states (and Washington, DC).

Key Takeaways
  • Very high APY. This account offers an annual percentage yield of up to 0.35%, which is much higher than the national average for a money market account.However, you must keep a minimum balance of $2500.
  • Charges a monthly fee. This account charges a monthly service fee of up to $8, but the fee is waived if you keep a minimum balance of $2,500.
Pros & Cons of Bank Fund Staff Federal Credit Union Money Market Account
Pros Cons
  • Generous dividends.
  • Does not offer mobile check deposits.
  • Deposits are insured by the NCUA (up to $250K).
  • No charge on incoming domestic or international wire transfers.
  • No signup bonus.
  • Does not provide a debit card.
  • Not FDIC-insured.
  • Only available in one state.
  • Monthly service charge.
Bank Fund Staff Federal Credit Union Money Market Account FAQ

Are money market accounts from Bank Fund Staff Federal Credit Union federally insured?

Yes, your Bank Fund Staff Federal Credit Union money market accounts are insured up to $250,000 per person by the National Credit Union Share Insurance Fund (NCUSIF). Individual Retirement Accounts (IRA) are insured separately up to $250,000. 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 Bank Fund Staff Federal Credit Union money market rates?

Bank Fund Staff Federal Credit Union money market offers an APY starting at 0.15% and ranging up to 0.35% (APY stands for annual percentage yield, rates may change). However, to earn interest you must keep a minimum balance of $2500.

Bank Fund Staff Federal Credit Union money market Rates and Terms
Rates Amount
APY (Annualized Percentage Yield) 0.15% - 0.35%

What are the fees for Bank Fund Staff Federal Credit Union Money Market Account?

This account charges a monthly maintenance fee of up to $8. You can avoid this fee by maintaining a balance of $2,500.
Bank Fund Staff Federal Credit Union Money Market Account Fees
Fees Amount
Monthly Fee up to $8
Paper Statement Fee N/A

What is the minimum balance for Bank Fund Staff Federal Credit Union money market?

No minimum initial deposit. Bank Fund Staff Federal Credit Union does not require a minimum initial deposit to open an account.

Monthly maintenance fee waiver. You can avoid the monthly fee if you keep a balance of $2,500.

Interest rate minimum balance of $2,500. You must keep the account balance above $2,500 to earn interest.

What features and perks does Bank Fund Staff Federal Credit Union money market offer?

This account includes the following features:

  • Fraud monitoring - Bank Fund Staff Federal Credit Union monitors transactions for potentially fraudulent activity.
  • Mobile Banking Services - Bank Fund Staff Federal Credit Union money market allows you to manage your money through online banking and a dedicated mobile app.

How to open an account with Bank Fund Staff Federal Credit Union

  • Visit the Bank Fund Staff Federal 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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Editorial Disclaimer: Editorial and user-generated content on this page is not provided or commissioned by the issuer. Opinions expressed here are the author’s alone and have not been approved or otherwise endorsed by any financial institution, including those that are advertising partners.

Contact

  • Headquarters
  •   1818 H Street N.W
    Washington DC, DC 20433
  •   Visit Site

Hours of Operation

  • Sunday Closed
  • Monday 8:30am - 4:00pm
  • Tuesday 8:30am - 4:00pm
  • Wednesday 8:30am - 4:00pm
  • Thursday 8:30am - 4:00pm
  • Friday 8:30am - 4:00pm
  • Saturday Closed

Other Services by Bank Fund Staff Federal Credit Union

Availability

  Available in Washington, D.C.
Washington, DC
Availabile in all of Washington, DC

Feature Breakdown

APY Minimum Balance $2,500
Minimum Balance to Avoid Monthly Fee $2,500
Monthly Fee $0 - $8
NSF Fee 30
Bank Account Features
  • Interest Bearing Account
  • Mobile Banking
  • Fraud Monitoring
  • Fraud Protection
  • NCUA Member
APY (Annual Percentage Yield) 0.15% - 0.35%
Dividend Compounding Frequency Monthly
Dividend Payout Frequency Monthly
Dividend Rate 0.15% - 0.34%

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