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  CommonWealth Credit Union Money Market Account

CommonWealth Credit Union Money Market Account

in Money Market Accounts from CommonWealth Credit Union · ncua

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CommonWealth Credit Union Money Market Account

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in Money Market Accounts from CommonWealth Credit Union · Insured by NCUA

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Highlights
APY (Annual Percentage Yield) 0.15% - 0.45%
APY Minimum Balance $2,500
Minimum Opening Deposit N/A

CommonWealth Credit Union Money Market Account Review

CommonWealth Credit Union Money Market Account is offered by CommonWealth Credit Union, a credit union founded in 1951 and based in Frankfort, KY. CommonWealth 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 0.45%, 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 $15, but the fee is waived if you keep a minimum balance of $2,500.
Pros & Cons of CommonWealth Credit Union Money Market Account
Pros Cons
  • Generous dividends.
  • Does not offer mobile check deposits.
  • Insured by NCUA.
  • 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.
  • Monthly service charge.
CommonWealth Credit Union Money Market Account FAQ

Are money market accounts from CommonWealth Credit Union federally insured?

Yes, your CommonWealth Credit Union 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 CommonWealth Credit Union money market rates?

CommonWealth Credit Union money market offers an APY starting at 0.15% and ranging up to 0.45% (APY stands for annual percentage yield, rates may change). However, to earn interest you must keep a minimum balance of $2500.

CommonWealth Credit Union money market Rates and Terms
Rates Amount
APY (Annualized Percentage Yield) 0.15% - 0.45%

What are the fees for CommonWealth Credit Union Money Market Account?

This account charges a monthly maintenance fee of up to $15. You can avoid this fee by maintaining a balance of $2,500.

CommonWealth Credit Union will charge you a $5 fee if you exceed your maximum number of monthly transactions.

CommonWealth Credit Union Money Market Account Fees
Fees Amount
Monthly Fee up to $15
Paper Statement Fee N/A
Excess Transaction Fee $5

What is the minimum balance for CommonWealth Credit Union money market?

No minimum initial deposit. CommonWealth 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 CommonWealth Credit Union money market offer?

This account includes the following features:

  • Check Writing - CommonWealth Credit Union money market includes check writing privileges. This is convenient method to pay bills and transfer money from your account.
  • Fraud monitoring - CommonWealth Credit Union monitors transactions for potentially fraudulent activity.

What is the customer service phone number?

The customer service number for this business card is .

What is the support contact email?

The support contact email for this business credit card is info@ccuky.org.

How to open an account with CommonWealth Credit Union

  • Visit the CommonWealth 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

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 - 5:00pm
  • Saturday Closed

Other Services by CommonWealth Credit Union

Availability

  Available in 1 state
Kentucky
Availabile in all of Kentucky

Feature Breakdown

APY Minimum Balance $2,500
Minimum Balance to Avoid Monthly Fee Starting at $2,500
Monthly Fee $0 - $15
Account Features
  • Interest Bearing Account
  • Fraud Monitoring
  • Fraud Protection
  • Insured by NCUA
  • Branch Access
  • Check Writing
APY (Annual Percentage Yield) 0.15% - 0.45%
Dividend Compounding Frequency Monthly
Dividend Payout Frequency Monthly
Dividend Rate 0.15% - 0.45%

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