Money Market Account
Imagine if your employer doubled your salary without adding extra work. Since pigs aren't about to start flying, let's talk about Capital Money Market Accounts instead.
Earn higher dividends than regular savings. Best of all, you don't have to lock up the funds to do so. In fact, access is enhanced with direct check writing.
- Tiered rate structure for greater earnings
- No monthly service fee
- $2,500 minimum to earn dividends
- Dividends compound monthly
- Retain liquidity on full balance*
- Checking and IRA options
- Free Online Banking
- Free eStatements
- Free Mobile Banking
- Federally insured by NCUA
- Can be used for retirement savings
*Account is limited to six (6) withdrawals each month in any combination of automatic, telephone, or pre-authorized transfers and check, debit card, or similar transaction. Withdrawals made in a branch are not limited.
- What’s the Deal?
Perhaps you've noticed our accounts are federally insured by the NCUA and wondered, like a lot of folks do: "I thought banks were backed by the FDIC. What's the deal with this NCUA."
Well, you hit the nail on the head. Banks are insured by the FDIC; credit unions are insured by the NCUA. In both cases, your funds are federally insured to at least $250,000 and backed by the full faith and credit of the United States government.
So they're very similar. They have different people working for them in different offices. But that's ticky-tacky stuff. You'll want to focus on that bit about "full faith and credit of the United States."
Why then is the FDIC a household name and the NCUA not as much? We're not entirely sure. But we think it has something to do with the fact that credit unions almost never fail, so the NCUA rarely has to come bail anyone out like the FDIC is busy doing. But, that's just our humble opinion as a safe, reliable, trustworthy credit union.
P.S. If you're curious, NCUA stands for National Credit Union Administration; FDIC stands for Federal Deposit Insurance Corporation. You never know, you could win a round of pub trivia with that knowledge.