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  Mountain America Credit Union Money Market Account
Mountain America Credit Union Money Market Account
in Money Market Accounts from Mountain America Credit Union · Insured by NCUA
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Mountain America Credit Union Money Market Account

Unaffiliated
in Money Market Accounts from Mountain America Credit Union · Insured by NCUA
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Highlights
APY (Annual Percentage Yield) 0.05% - 0.10%
Minimum Balance to Earn APY $0.01
Minimum Opening Deposit Starting at $0

Mountain America Credit Union Money Market Account Review

Mountain America Credit Union Money Market Account is offered by Mountain America Credit Union, a credit union founded in 1934 and based in West Jordan, UT. Mountain America Credit Union Money Market Account are available in 5 states across the USA.

Key Takeaways

  • Very high annual percentage yield (APY). This account offers an annual percentage yield of up to 0.10%, which is much higher than the national average for a money market account.However, you must keep a minimum balance of $0.01.
  • $0 monthly fee. This account does not charge any monthly account fees.
  • No minimum initial deposit. There is no minimum balance required to open an account.

Pros & Cons of Mountain America Credit Union Money Market Account

Pros Cons
  • Generous dividends.
  • Does not offer mobile check deposits.
  • Insured by NCUA.
  • Access to physical branches.
  • No signup bonus.
  • Does not provide a debit card.
  • Not FDIC-insured.
  • Only available in 5 states.

Mountain America Credit Union Money Market Account FAQ

Are money market accounts from Mountain America 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 Mountain America money market rates?

Mountain America money market offers an APY starting at 0.05% and ranging up to 0.10% (APY stands for annual percentage yield, rates may change). However, to earn interest you must keep a minimum balance of $0.01.

Mountain America money market Rates and Terms
Rates Amount
APY (Annualized Percentage Yield) 0.05% - 0.10%

What are the fees for Mountain America Credit Union Money Market Account?

Mountain America Credit Union Money Market Account does not charge a monthly maintenance fee.

Mountain America Credit Union Money Market Account Fees
Fees Amount
Monthly Fee $0
Paper Statement Fee N/A

What is the minimum balance for Mountain America money market?

No minimum initial deposit. Mountain America Credit Union does not require a minimum initial deposit to open an account.

Interest rate minimum balance of $0.01. You must keep the account balance above $0.01 to earn interest.

What features and perks does Mountain America money market offer?

This account includes the following features:

  • Fraud monitoring - Mountain America Credit Union monitors transactions for potentially fraudulent activity.
  • Mobile Banking Services - Mountain America money market 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 business card is (801) 325-6292.

What is the support contact email?

The support contact email for this business credit card is macumail@macu.com.

How to open an account with Mountain America Credit Union

  • Visit the Mountain America 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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Availability

  Available in 5 states
  • Arizona
  • Idaho
  • Nevada
  • New Mexico
  • Utah

Feature Breakdown

Minimum Balance to Avoid Monthly Fee Starting at $0
Minimum Balance to Earn APY $0.01
Minimum Opening Deposit Starting at $0
Monthly Fee $0
NSF Fee 25
Account Features
  • No Monthly Maintenance Fee
  • Interest Bearing Account
  • Mobile Banking
  • Fraud Monitoring
  • Fraud Protection
  • Insured by NCUA
  • Branch Access
APY (Annual Percentage Yield) 0.05% - 0.10%
Dividend Compounding Frequency Monthly
Dividend Payout Frequency Monthly

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