
MEMBERS1st Community Credit Union Money Market
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APY (Annual Percentage Yield) |
0.2% - 0.35% (Verified 08/04/2023) |
Minimum Balance to Earn APY | $2,500 |
Minimum Opening Deposit | Starting at $2,500 |
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 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 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 any monthly account fees.
- High minumum deposit. You must deposit a minimum of $2,500, which is high compared to most money market accounts.
Pros & Cons of MEMBERS1st Community Credit Union Money Market
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MEMBERS1st Community Credit Union Money Market FAQ
Are money market accounts from MEMBERS1st Community 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 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.
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.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.
What is the customer service phone number?
The customer service number for this account is .
What is the support contact email?
The support contact email for this business credit card is info@members1st.com.
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.
Contact
- Headquarters
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PO Box 777
Marshalltown
Marshalltown, IA 50158 USA - Visit Site
- Email Support
Other Services by MEMBERS1st Community Credit Union
Availability
- Alabama
- Alaska
- Arizona
- Arkansas
- California
- Colorado
- Connecticut
- Delaware
- Florida
- Georgia
- Hawaii
- Idaho
- Illinois
- Indiana
- Iowa
- Kansas
- Kentucky
- Louisiana
- Maine
- Maryland
- Massachusetts
- Michigan
- Minnesota
- Mississippi
- Missouri
- Montana
- Nebraska
- Nevada
- New Hampshire
- New Jersey
- New Mexico
- New York
- North Carolina
- North Dakota
- Ohio
- Oklahoma
- Oregon
- Pennsylvania
- Rhode Island
- South Carolina
- South Dakota
- Tennessee
- Texas
- Utah
- Vermont
- Virginia
- Washington
- Washington, DC
- West Virginia
- Wisconsin
- Wyoming
Feature Breakdown
Minimum Balance to Avoid Monthly Fee | Starting at $0 |
Minimum Balance to Earn APY | $2,500 |
Minimum Opening Deposit | Starting at $2,500 |
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Would you recommend MEMBERS1st Community Credit Union Money Market to your friends?
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