Save money beyond your conventional savings account with a Money Market Account from Metro Credit Union! Easily grow the savings in your money market account through automatic transfers, direct deposit or individual deposits. Earn interest at a higher rate than a traditional savings account. Invest in your financial future with a money market account from Metro Credit Union today!
What is a Money Market Account?
A Money Market account is a type of savings account that rewards you for growing your savings. It combines features of both savings and checking accounts. Compared to a conventional savings account, these accounts typically provide a higher interest rate than a regular savings account with limited check-writing capabilities. A higher minimum balance is generally required for a money market account compared to a traditional savings account.
Benefits of a Money Market Account with Metro Credit Union
Opening a Money Market Account with Metro Credit Union can offer several advantages, depending on your financial goals and preferences.
higher interest rates
Higher interest rates are a major advantage of a money market account compared to a traditional savings account. This allows your money to grow more quickly over time.
safety and stability
Money market accounts are considered low-risk investments. Rest assured that the money you are saving will be Federally insured up to $250,000 by the NCUA.
accessibility
Some restrictions still apply but money market accounts offer a higher degree of liquidity compared to other investment options. Additionally, you have access to your accounts at any time through our Metro Credit Union Mobile Banking App (Metro MOGO)
check-writing privileges
Check-writing privileges is just one of the advantages that money market accounts provide that traditional savings accounts do not.
diversification
Add a layer of diversification to your savings portfolio. While not as high-risk as some investments, it can offer better returns compared to a regular savings account.
Metro Credit Union Money Market Account Perks
| Minimum Opening Balance | $2,500 is the minimum opening balance required to open a money market account |
| Interest Paid | Interest is paid on a monthly basis |
| Minimum Balance | $2,500 monthly minimum balance must be maintained to earn dividends |
| Monthly Service Charge | $10 Monthly fee if balance falls below minimum of $2,500 |
| Check Writing Privileges | Check writing capabilities |
| Transactions |
Limit of 6 transactions per month free of charge Free 24 hr online/telephone banking access |
| Statement Options |
Paperless Paper Statement ($$) |
Open a Money Market Account
Ready to start saving and earning more money with Metro Credit Union? Fill out the form below saying that you’d like to open a Money Market account. A Metro Credit Union representative will be in touch with you shortly.