Members 1st Credit Union Money Market Review

Members 1st Credit Union Money Market is offered by Members 1st Credit Union, a credit union founded in 1936 and based in Redding, CA. Members 1st Credit Union Money Market is available in 1 state across the USA.

• Very high APY. This account offers an annual percentage yield of up to 0.3%, which is much higher than the national average for a money market account.However, you must keep a minimum balance of $2500.
• $0 monthly fee. This account does not charge a monthly Service Charge.
• High minumum deposit. You must deposit a minimum of $2,500, which is high compared to most money market accounts.

Are money market accounts from Members 1st Credit Union federally insured?

Yes, your Members 1st 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 Members 1st Credit Union money market rates?

Members 1st Credit Union money market offers an APY starting at 0.15% and ranging up to 0.3% (APY stands for annual percentage yield, rates may change). However, to earn interest you must keep a minimum balance of $2500.

What are the fees for Members 1st Credit Union Money Market?

Members 1st Credit Union Money Market does not charge a monthly maintenance fee.

What is the minimum balance for Members 1st Credit Union money market?

Minimum deposit of $2,500. You must make an initial deposit of at least $2,500 to open this account.

Interest rate minimum balance of $2,500. You must keep the account balance above $2,500 to earn interest.

What features and perks does Members 1st Credit Union money market offer?

This account includes the following features:

• Fraud monitoring - Members 1st Credit Union monitors transactions for potentially fraudulent activity.
• Mobile Banking Services - Members 1st Credit Union money market allows you to manage your money through online banking and a dedicated mobile app. This includes depositing checks in your account with your smartphone.

How to open an account with Members 1st Credit Union

• Visit the Members 1st 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.