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).

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 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 Consumers Credit Union Money Market Account rates?

Consumers Credit Union Money Market Account offers an APY starting at .10% and ranging up to .30% (APY stands for annual percentage yield, rates may change). However, to earn interest you must keep a minimum balance of $2000.

What are the Consumers Credit Union Money Market Account fees?

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

Federal regulations limit the number of transactions you can make from your money market account to six per month.

What is the minimum balance for Consumers Credit Union Money Market Account?

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 Account offer?

This account does not seem to offer any of the features and perks we track.

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.