Last Updated: 04/18/2025
IU Credit Union Money Market Savings Account
Unaffiliated
in Money Market Accounts 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
$1,000
IU Credit Union Money Market Savings Account Review
IU Credit Union Money Market Savings Account is offered by IU Credit Union, a credit union founded in 1956 and based in Bloomington, IN. IU Credit Union 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. Requires a minimum balance of $1,000—$10 monthly service charge if balance falls below $1,000 during the month.
- $1,000.00 minimum deposit. This is a typical minimum initial deposit, but there are accounts that require a smaller initial deposit.
Pros & Cons of IU Credit Union Money Market Savings Account
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IU Credit Union 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 Money Market Savings Account rates?
IU Credit Union 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 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 Service Fee | $10.00 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Paper Statement Fee | Starting at $5.00 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| NSF Fee | $30.00 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Bill Pay Fee (Standard Delivery) | $0.00 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
What is the minimum balance for IU Credit Union Money Market Savings Account?
Minimum deposit of $1,000.00. You must make an initial deposit of at least $1,000.00 to open this 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 Money Market Savings Account offer?
This account includes the following features:
- Mobile Banking Services - IU Credit Union 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
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
9:00AM - 5:30PM