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  Consumers Credit Union Money Market Account

Consumers Credit Union Money Market Account

in Money Market Accounts from Consumers Credit Union · ncua

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Consumers Credit Union Money Market Account

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

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Highlights
APY (Annual Percentage Yield) 0.05% - 0.25%
APY Minimum Balance $2,000
Minimum Opening Deposit N/A

Consumers Credit Union Money Market Account Review

Consumers Credit Union Money Market Account is offered by Consumers Credit Union, a credit union founded in 1930 and based in Waukegan, IL. Consumers Credit Union Money Market Account is available in 50 states (and Washington, DC).

Key Takeaways
  • Very high APY. This account offers an annual percentage yield of up to 0.25%, which is much higher than the national average for a money market account.However, you must keep a minimum balance of $2000.
  • $0 monthly fee. This account does not charge a monthly Service Charge.
Pros & Cons of Consumers Credit Union Money Market Account
Pros Cons
  • Available in all 50 states.
  • 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.
Consumers Credit Union Money Market Account FAQ

Are money market accounts from Consumers Credit Union federally insured?

Yes, your Consumers 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 Consumers Credit Union money market rates?

Consumers Credit Union money market offers an APY starting at 0.05% and ranging up to 0.25% (APY stands for annual percentage yield, rates may change). However, to earn interest you must keep a minimum balance of $2000.

Consumers Credit Union money market Rates and Terms
Rates Amount
APY (Annualized Percentage Yield) 0.05% - 0.25%

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

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

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

Consumers Credit Union Money Market Account Fees
Fees Amount
Monthly Fee $0
Paper Statement Fee N/A
Excess Transaction Fee $5

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

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

Interest rate minimum balance of $2,000. You must keep the account balance above $2,000 to earn interest.

What features and perks does Consumers Credit Union money market offer?

This account includes the following features:

  • Fraud monitoring - Consumers 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 ccuinfo@myconsumers.org.

How to open an account with Consumers Credit Union

  • Visit the Consumers 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.

Availability

  Available in 50 states and Washington, D.C.
  • Alaska
  • Alabama
  • Arkansas
  • Arizona
  • California
  • Colorado
  • Connecticut
  • Washington, DC
  • Delaware
  • Florida
  • Georgia
  • Hawaii
  • Iowa
  • Idaho
  • Illinois
  • Indiana
  • Kansas
  • Kentucky
  • Louisiana
  • Massachusetts
  • Maryland
  • Maine
  • Michigan
  • Minnesota
  • Missouri
  • Mississippi
  • Montana
  • North Carolina
  • North Dakota
  • Nebraska
  • New Hampshire
  • New Jersey
  • New Mexico
  • Nevada
  • New York
  • Ohio
  • Oklahoma
  • Oregon
  • Pennsylvania
  • Rhode Island
  • South Carolina
  • South Dakota
  • Tennessee
  • Texas
  • Utah
  • Virginia
  • Vermont
  • Washington
  • Wisconsin
  • West Virginia
  • Wyoming

Feature Breakdown

APY Minimum Balance $2,000
Minimum Balance to Avoid Monthly Fee $0
Monthly Fee $0
NSF Fee 30
Account Features
  • No Monthly Maintenance Fee
  • Interest Bearing Account
  • Fraud Monitoring
  • Fraud Protection
  • IRAs
  • Insured by NCUA
  • Branch Access
APY (Annual Percentage Yield) 0.05% - 0.25%
Dividend Compounding Frequency Monthly
Dividend Payout Frequency Monthly
Dividend Rate 0.05% - 0.25%

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