Last Updated: 04/18/2025
Diamond Credit Union IRA Choice Money Market Account
Unaffiliated
Last Updated: 04/18/2025
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Highlights
APY (Annual Percentage Yield)
3.01%(Verified 06/21/2024)
Minimum Balance to Earn APY
$50,000
Minimum Opening Deposit
$50,000
Diamond Credit Union IRA Choice Money Market Account Review
Diamond Credit Union IRA Choice Money Market Account is offered by Diamond Credit Union, a credit union founded in 1947 and based in Pottstown, PA. Diamond Credit Union IRA Choice Money Market Account are available in 50 states and Washington, DC.
Key Takeaways
- Very high annual percentage yield (APY). This account offers an annual percentage yield of up to 3.01%, which is much higher than the national average for a money market account. However, you must keep a minimum balance of $50000.00.
- Waivable monthly maintenance fee. Falling below the minimum balance requirement of $50,000 will result in a $10.00 monthly fee and a rate reduction.
- High minumum opening deposit. You must deposit a minimum of $50,000.00, which is high compared to most money market accounts.
Pros & Cons of Diamond Credit Union IRA Choice Money Market Account
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Diamond Credit Union IRA Choice Money Market Account FAQ
Are money market accounts from Diamond Credit Union federally insured?
Yes, your 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 Diamond Credit Union IRA Choice Money Market Account rates?
| Rates | Amount |
| APY | 3.01% |
Diamond Credit Union IRA Choice Money Market Account offers an APY of up to 3.01% (APY stands for annual percentage yield, rates may change).However, to earn interest you must keep a balance of $50000.00. This is higher than the typical APY for online-only checking accounts, which is around 1% APY.
What are the fees for Diamond Credit Union IRA Choice Money Market Account?
This account charges a monthly maintenance fee of up to $10.00. You can avoid this fee by maintaining a balance of $50,000.00.| Description | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Monthly Service Fee | $10.00 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Bill Pay Fee (Standard Delivery) | $0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
What is the minimum balance for Diamond Credit Union IRA Choice Money Market Account?
Minimum deposit of $50,000.00. You must make an initial deposit of at least $50,000.00 to open this account.
Monthly maintenance fee waiver. You can avoid the monthly fee if you keep a balance of $50,000.00.
Interest rate minimum balance of $50,000.00. You must keep the account balance above $50,000.00 to earn interest.
What features and perks does Diamond Credit Union IRA Choice Money Market Account offer?
This account includes the following features:
What is the customer service phone number?
The customer service number for this account is (610) 326-5490.
What is the support contact email?
The support contact email for this business credit card is askdiamond@diamondcu.com.
How to open an account with Diamond Credit Union
- Visit the Diamond 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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Hours of Operation
Sunday
Closed
Monday
9:00AM - 5:00PM
Tuesday
9:00AM - 5:00PM
Wednesday
9:00AM - 5:00PM
Thursday
9:00AM - 7:00PM
Friday
9:00AM - 6:00PM
Saturday
Closed