MEMBERS1st Community Credit Union Money Market Review

MEMBERS1st Community Credit Union Money Market is offered by MEMBERS1st Community Credit Union, a credit union founded in 1964 and based in Marshalltown, IA. MEMBERS1st Community Credit Union Money Market is available in 50 states (and Washington, DC).

• Very high APY. This account offers an annual percentage yield of up to 0.35%, 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.

Pros	Cons
Available in all 50 states. Generous dividends. Deposits are insured by the NCUA (up to $250K). Access to physical branches. No charge on incoming domestic or international wire transfers. Deposit checks remotely.	No signup bonus. Does not provide a debit card. Not FDIC-insured.

Are money market accounts from MEMBERS1st Community Credit Union federally insured?

Yes, your MEMBERS1st Community 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 dividends for MEMBERS1st Community Credit Union Money Market rates?

MEMBERS1st Community Credit Union Money Market offers an APY starting at 0.2% and ranging up to 0.35% (APY stands for annual percentage yield, rates may change). However, to earn interest you must keep a minimum balance of $2500.

MEMBERS1st Community Credit Union Money Market Rates and Terms

Rates	Amount
APY (Annualized Percentage Yield)	0.2% - 0.35%

What are the fees for MEMBERS1st Community Credit Union Money Market?

MEMBERS1st Community Credit Union Money Market does not charge a monthly maintenance fee.

MEMBERS1st Community Credit Union will charge you a $5 fee if you exceed your maximum number of monthly transactions.

MEMBERS1st Community Credit Union will allow you to make up to 6 withdrawals or transactionss per month. That is also the maximum set by federal regulations.

MEMBERS1st Community Credit Union Money Market Fees

Fees	Amount
Monthly Fee	$0
Paper Statement Fee	$2
Excess Transaction Fee	$5

What is the minimum balance for MEMBERS1st Community 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 MEMBERS1st Community Credit Union Money Market offer?

This account includes the following features:

• Fraud monitoring - MEMBERS1st Community Credit Union monitors transactions for potentially fraudulent activity.
• Mobile Banking Services - MEMBERS1st Community 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 MEMBERS1st Community Credit Union

• Visit the MEMBERS1st Community 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.