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Classic Money Market

Increase your earnings, and keep your money within reach




Explore our Classic Money Market

Looking to save money quickly, but still need convenient access to your funds? Our Classic Money Market account offers both options. You’ll have access to your money just like a traditional savings account, but you’ll be earning more, much faster. These boosted savings can go towards building a college fund, extra gifts for the grandkids, or help you take your dream vacation.

Competitive dividend rates

Balance Tiers Guaranteed Dividend Rates Dividend Rate APY*
$2,000 - $9,999.99 Fixed Rate1 0.10% 0.10%
$10,000 - $49,999.99 Fixed Rate1 0.10% 0.10%
$50,000 - and higher Fixed Rate1 0.15% 0.15%

Classic Money Market account benefits

This account offers you a competitive savings rates while allowing flexible access to your funds.

  • Savings at a rate better than a traditional savings — Competitive, fixed dividend rates
  • Keep flexible access to your funds – No excessive withdrawal fees
  • No monthly fees – No monthly maintenance fees when you maintain a low minimum balance requirement of $2,0004
  • Safe and secure savings – Funds are insured by the NCUA up to $250,000
  • Special Money Market checks available


Compare Money Market Accounts


 Maximum Money MarketTM Classic Money Market
Minimum Balance to Earn Dividends $.01 $2,000
Dividend Type Below $50,000 – Fixed
Above $50,000 – Variable
Paid Monthly		 Fixed
Paid Monthly
Maximum Dividend Variable 4.07% APY* for balances over $300,0002 Fixed 0.15% APY* for balances over $50,0001
Introductory Promotional Rate
 4.33% APY* for balances over $50,000 for 6 months when funded with new money3 –
Monthly Service Fee $0 $0
$15/month if balance is below $2,000
Transaction Limits No excessive withdrawal fees
Availability Personal, Business, and Fiduciary membership types

More Maximum Money Market Details More Classic Money Market Details

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Are you ready to boost your savings?

Open a Classic Money Market Account Online

Open a Classic Money Market Account in a Branch

To apply in person, visit a branch near you.
Current Members Choice members, you can “Quick Apply” for a new Classic Money Market account in online banking or your mobile app. Login(Opens in a new Window), and select the "Quick Apply" menu, then click on "Open an Account or Loan" to get started.












Disclosures

If not currently a Members Choice member, a $5 deposit is needed to establish membership. All memberships are subject to approval including credit approval.

 

*APY=Annual Percentage Yield.  8.50% - Current WSJP effective as of July 27, 2023. Variable dividend rate is adjusted on the last day of each month.


1 The Fixed Dividend Rate and Annual Percentage Yield for the balance tier may change at any time without prior notice. Classic Money Market accounts are Tiered Rate Accounts. If the balance in the account falls within the range for a particular tier, the specified Dividend Rate for that tier will apply to the entire balance in the account. 

 

2 The Variable Dividend Rate and Annual Percentage Yield for the Maximum Money Market will be adjusted on the first day of each month. The Dividend Rate will equal the Prime Rate as published in The Wall Street Journal, less the margin amount in the table of rates. 

 

3 Maximum Money Market Account promotional rate applies if member deposits a total of more than $50,000 within first 12 days after account is opened from sources other than an existing Members Choice Credit Union account.  Promotional rate will apply for the first six statement cycles in which the account is open.  After that, standard Maximum Money Market Account rates will apply. 

 

4 Fee charged if $2000.00 minimum balance is not maintained. Please see our Fee Schedule (PDF) for details.