Money Market Accounts

Money Market Accounts offer many of the convenient features of checking accounts with an attractive rate of return to help your money grow.

Here’s all you need to know about money market accounts.

High Interest Rates
Money market accounts offer a rate of return that surpasses your typical savings account. A money market account can be the perfect way to give your short-term savings their best chance at growth.

Increased Flexibility
While not intended to cover everyday expenses, the funds in your money market account are accessible via paper checks.  At MVFCU you can transfer from your money market account to your checking account.

Security
The funds in your money market account at MVFCU you can keep a large sum of money in your account with less risk of losing it to a market crash or a poor choice of investment.

Minimum Balance Requirements
At MVFCU you can open an account with as little as $2,000. Also, a $2,000 balance is required to earn dividends.

Ideal Uses For Money Market Accounts
Money market accounts can be ideal for expected occasional expenses, or for the unexpected emergency that can easily send a lesser-prepared individual into debt.

Here are some of the most popular uses for funds kept in money market accounts:
💲 Tuition payments
💲 Emergency household repairs
💲 Unexpected medical fees
💲 Purchasing a new car
💲 Quarterly tax payments
💲 Annual vacation

Are you ready to start saving big? Open a money market account 907.745.4891!