Last Updated: 04/18/2025
Select Seven CU Money Market Account
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Last Updated: 04/18/2025
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Highlights
APY (Annual Percentage Yield)
0.15% - 0.45%(Verified 06/21/2024)
Minimum Balance to Earn APY
$1,000
Minimum Opening Deposit
$250
Select Seven CU Money Market Account Review
Select Seven CU Money Market Account is offered by Select Seven Credit Union, a credit union founded in 1949 and based in Johnson City, TN. Select Seven CU Money Market Account 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 0.45%, which is much higher than the national average for a money market account. However, you must keep a minimum balance of $1000.
- $250 minimum deposit. This is a typical minimum initial deposit, but there are accounts that require a smaller initial deposit.
Pros & Cons of Select Seven CU Money Market Account
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Select Seven CU Money Market Account FAQ
Are money market accounts from Select Seven 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 Select Seven CU Money Market Account rates?
Select Seven CU Money Market Account offers an APY starting at 0.15% and ranging up to 0.45% (APY stands for annual percentage yield, rates may change). However, to earn interest you must keep a minimum balance of $1000.
| Rates | Amount |
| APY (Annualized Percentage Yield) | 0.15% - 0.45% |
What are the fees for Select Seven CU Money Market Account?
Select Seven CU Money Market Account does not charge a monthly maintenance fee.
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| Monthly Service Fee | $0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
What is the minimum balance for Select Seven CU Money Market Account?
Minimum deposit of $250. You must make an initial deposit of at least $250 to open this account.
Interest rate minimum balance of $1,000. You must keep the account balance above $1,000 to earn interest.
What features and perks does Select Seven CU Money Market Account offer?
This account includes the following features:
- Mobile Banking Services - Select Seven CU Money Market Account 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 account is (423) 282-0671.
What is the support contact email?
The support contact email for this business credit card is sscuweb@selectsevencu.org.
How to open an account with Select Seven Credit Union
- Visit the Select Seven 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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Hours of Operation
Sunday
Closed
Monday
8:00AM - 5:00PM
Tuesday
8:00AM - 5:00PM
Wednesday
9:00AM - 5:00PM
Thursday
8:00AM - 5:00PM
Friday
8:30AM - 5:30PM
Saturday
Closed