MembersFirst Credit Union Money Market Review

MembersFirst Credit Union Money Market is offered by MembersFirst Credit Union, a credit union founded in 1953 and based in Decatur, GA. MembersFirst 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 0.40%, which is much higher than the national average for a money market account.However, you must keep a minimum balance of $100.
• Charges a monthly fee. This account charges a monthly service fee of up to $5, but the fee is waived if you keep a minimum balance of $1,000.
• Small minimum initial deposit. You only need $100 to open an account.

Pros	Cons
Generous dividends. Insured by NCUA. Access to physical branches. Free debit card and the option to lock/unlock the card if lost or stolen No charge on incoming domestic or international wire transfers. Deposit checks remotely.	No signup bonus. Not FDIC-insured. Only available in one state. Monthly service charge.

Are money market accounts from MembersFirst Credit Union federally insured?

Yes, your MembersFirst 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 MembersFirst Credit Union Money Market rates?

MembersFirst Credit Union Money Market offers an APY starting at 0.20% and ranging up to 0.40% (APY stands for annual percentage yield, rates may change). However, to earn interest you must keep a minimum balance of $100.

MembersFirst Credit Union Money Market Rates and Terms

Rates	Amount
APY (Annualized Percentage Yield)	0.20% - 0.40%

What are the fees for MembersFirst Credit Union Money Market?

This account charges a monthly maintenance fee of up to $5. You can avoid this fee by maintaining a balance of $1,000.

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

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

MembersFirst Credit Union Money Market Fees

Fees	Amount
Monthly Fee	up to $5
Paper Statement Fee	$3
Excess Transaction Fee	$5

What is the minimum balance for MembersFirst Credit Union Money Market?

Minimum deposit of $100. You must make an initial deposit of at least $100 to open this account.

Monthly maintenance fee waiver. You can avoid the monthly fee if you keep a balance of $1,000.

Interest rate minimum balance of $100. You must keep the account balance above $100 to earn interest.

What features and perks does MembersFirst Credit Union Money Market offer?

This account includes the following features:

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

• Visit the MembersFirst 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.