Last Updated: 04/18/2025
Westerly Community Credit Union Interest Money Market Account
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Last Updated: 04/18/2025
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Highlights
APY (Annual Percentage Yield)
0.10% - 0.15%(Verified 06/21/2024)
Minimum Balance to Earn APY
$0
Minimum Opening Deposit
$2,500
Westerly Community Credit Union Interest Money Market Account Review
Westerly Community Credit Union Interest Money Market Account is offered by Westerly Community Credit Union, a credit union founded in 1948 and based in Westerly, RI. Westerly Community Credit Union Interest Money Market Account are available in 50 states, 5 US territories, and Washington, DC.
Key Takeaways
- Very high annual percentage yield (APY). This account offers an annual percentage yield of up to 0.15%, which is much higher than the national average for a money market account.
- No APY minimum balance. There is no minimum amount you have to deposit to start earning dividends with this money market account.
- No monthly maintenance fee. No monthly service charge if minimum balance of $10,000 is maintained, otherwise there is a $25.00 monthly fee.
- High minumum opening deposit. You must deposit a minimum of $2,500.00, which is high compared to most money market accounts.
Pros & Cons of Westerly Community Credit Union Interest Money Market Account
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Westerly Community Credit Union Interest Money Market Account FAQ
Are money market accounts from Westerly 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 Westerly Community Credit Union Interest Money Market Account rates?
Westerly Community Credit Union Interest Money Market Account offers an APY starting at 0.10% and ranging up to 0.15% (APY stands for annual percentage yield, rates may change).
| Rates | Amount |
| APY (Annualized Percentage Yield) | 0.10% - 0.15% |
What are the fees for Westerly Community Credit Union Interest Money Market Account?
This account charges a monthly maintenance fee of up to $25.00. You can avoid this fee by maintaining a balance of $10,000.00.| Description | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Monthly Service Fee | $25.00 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| NSF Fee | $29.50 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
What is the minimum balance for Westerly Community Credit Union Interest Money Market Account?
Minimum deposit of $2,500.00. You must make an initial deposit of at least $2,500.00 to open this account.
Monthly maintenance fee waiver. You can avoid the monthly fee if you keep a balance of $10,000.00.
What features and perks does Westerly Community Credit Union Interest Money Market Account offer?
This account includes the following features:
- Mobile Banking Services - Westerly Community Credit Union Interest Money Market Account allows you to manage your money through online banking and a dedicated mobile app.
- Nationwide ATM network - Westerly Community Credit Union Interest Money Market Account allows you to access your money from an ATM, a convenient feature only a few offer.
What is the customer service phone number?
The customer service number for this account is (401) 596-7000.
How to open an account with Westerly Community Credit Union
- Visit the Westerly 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.
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Hours of Operation
Sunday
Closed
Monday
9:00AM - 4:00PM
Tuesday
9:00AM - 4:00PM
Wednesday
9:00AM - 4:00PM
Thursday
9:00AM - 5:00PM
Friday
9:00AM - 5:00PM
Saturday
9:00AM - 12:00PM