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  BMI Federal Credit Union Money Market Account

BMI Federal Credit Union Money Market Account

in Money Market Accounts from BMI Federal Credit Union · Member ncua

Unaffiliated

BMI Federal Credit Union Money Market Account

Unaffiliated

in Money Market Accounts from BMI Federal Credit Union · Member NCUSIF

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Highlights
APY (Annual Percentage Yield) 0.10% - 0.20%
APY Minimum Balance $2,500
Minimum Opening Deposit Starting at $0

BMI Federal Credit Union Money Market Account Review

BMI Federal Credit Union Money Market Account is offered by BMI Federal Credit Union, a credit union founded in 1936 and based in Dublin, OH. BMI Federal Credit Union Money Market Account is available in 1 state across the USA.

Key Takeaways
  • Very high APY. This account offers an annual percentage yield of up to 0.20%, which is much higher than the national average for a money market account.However, you must keep a minimum balance of $2500.
  • $0 monthly fee. This account does not charge a monthly Service Charge.
  • No minimum initial deposit. There is no minimum balance required to open an account.
Pros & Cons of BMI 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).
  • Access to physical branches.
  • 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.
BMI Federal Credit Union Money Market Account FAQ

Are money market accounts from BMI Federal Credit Union federally insured?

Yes, your BMI 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 BMI Federal Credit Union money market rates?

BMI Federal Credit Union money market offers an APY starting at 0.10% and ranging up to 0.20% (APY stands for annual percentage yield, rates may change). However, to earn interest you must keep a minimum balance of $2500.

BMI Federal Credit Union money market Rates and Terms
Rates Amount
APY (Annualized Percentage Yield) 0.10% - 0.20%

What are the fees for BMI Federal Credit Union Money Market Account?

BMI Federal Credit Union Money Market Account does not charge a monthly maintenance fee.

BMI Federal Credit Union Money Market Account Fees
Fees Amount
Monthly Fee $0
Paper Statement Fee N/A

What is the minimum balance for BMI Federal Credit Union money market?

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

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

What features and perks does BMI Federal Credit Union money market offer?

This account includes the following features:

  • Fraud monitoring - BMI Federal Credit Union monitors transactions for potentially fraudulent activity.
  • Mobile Banking Services - BMI 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 BMI Federal Credit Union

  • Visit the BMI 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.
SuperMoney Disclosure: SuperMoney.com is an independent, advertising-supported service. The owner of this website may be compensated in exchange for featured placement of certain sponsored products and services, or your clicking on links posted on this website. Read more...
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
  •   6165 Emerald Pkwy
    Dublin, OH 43016
  •   Visit Site

Hours of Operation

  • Sunday Closed
  • Monday 9:00am - 5:00pm
  • Tuesday 9:00am - 5:00pm
  • Wednesday 9:00am - 5:00pm
  • Thursday 9:00am - 5:00pm
  • Friday 9:00am - 6:00pm
  • Saturday 9:00am - 1:00pm

Other Services by BMI Federal Credit Union

Availability

  Available in 1 state
Ohio
Availabile in all of Ohio

Feature Breakdown

APY Minimum Balance $2,500
Minimum Balance to Avoid Monthly Fee $0
Minimum Opening Deposit Starting at $0
Monthly Fee $0
Bank Account Features
  • No Monthly Maintenance Fee
  • Interest Bearing Account
  • Mobile Banking
  • Fraud Monitoring
  • Fraud Protection
  • NCUA Member
  • Branch Access
APY (Annual Percentage Yield) 0.10% - 0.20%
Dividend Rate 0.10% - 0.20%

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