Last Updated: 04/18/2025
IU Credit Union Business Money Market Savings Account
Unaffiliated
from IU Credit Union
Last Updated: 04/18/2025
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Highlights
APY (Annual Percentage Yield)
0.60% - 3.50%(Verified 06/21/2024)
Minimum Balance to Earn APY
$0.01
Minimum Opening Deposit
$0
IU Credit Union Business Money Market Savings Account Review
IU Credit Union Business Money Market Savings Account is offered by IU Credit Union, a credit union founded in 1956 and based in Bloomington, IN. IU Credit Union Business Money Market Savings 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 3.50%, which is much higher than the national average for a money market account. However, you must keep a minimum balance of $0.01.
- Waivable monthly maintenance fee. $1,000 minimum balance required to avoid paying a $10 monthly service charge.
- No minimum initial deposit. There is no minimum balance required to open an account.
Pros & Cons of IU Credit Union Business Money Market Savings Account
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IU Credit Union Business Money Market Savings Account FAQ
Are money market accounts from iu 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 IU Credit Union Business Money Market Savings Account rates?
IU Credit Union Business Money Market Savings Account offers an APY starting at 0.60% and ranging up to 3.50% (APY stands for annual percentage yield, rates may change). However, to earn interest you must keep a minimum balance of $0.01.
| Rates | Amount |
| APY (Annualized Percentage Yield) | 0.60% - 3.50% |
What are the fees for IU Credit Union Business Money Market Savings Account?
This account charges a monthly maintenance fee of up to $10.00. You can avoid this fee by maintaining a balance of $1,000.00.| Description | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Monthly Maintenance Fee | $10.00 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Paper Statement Fee | Starting at $5.00 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| NSF Fee | $30.00 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Monthly Maintenance Waiver Requirements | $1,000 minimum balance required to avoid paying a $10 monthly service charge. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Bill Pay Fee (Standard Delivery) | $0.00 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
What is the minimum balance for IU Credit Union Business Money Market Savings Account?
No minimum initial deposit. IU 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 $1,000.00.
Interest rate minimum balance of $0.01. You must keep the account balance above $0.01 to earn interest.
What features and perks does IU Credit Union Business Money Market Savings Account offer?
This account includes the following features:
- Mobile Banking Services - IU Credit Union Business Money Market Savings Account allows you to manage your money through online banking and a dedicated mobile app.
What is the customer service phone number?
The customer service number for this account is (812) 855-7823.
What is the support contact email?
The support contact email for this business credit card is memberservice@iucu.org.
How to open an account with IU Credit Union
- Visit the IU 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
SundayClosedMonday9:00AM - 5:00PMTuesday9:00AM - 5:00PMWednesday9:00AM - 5:00PMThursday9:00AM - 5:00PMFriday9:00AM - 5:00PMSaturday9:00AM - 5:30PM
Other Services by IU Credit Union
Other Money Market Accounts from IU Credit Union
Rating not yet determined
APY (Annual Percentage Yield)
0.60% - 3.50%
Disclaimer popup with additional information
Minimum Balance to Earn APY
$0.01
Minimum Opening Deposit
$1,000
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