Money Market Accounts

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Money Market Accounts

Money Market Accounts allow you to earn higher dividends than standard Savings or Checking accounts, while still granting you access to your money.

  • Minimum opening deposit of $2,000
  • No minimum balance requirement; however, $20,000 must be maintained to earn higher dividend rate
  • No term commitment
  • Dividends are compounded monthly
  • Make regular deposits to your Money Market Account through direct deposit and payroll deduction
  • Funds are federally insured up to $250,000 by the NCUA
  • Access your account from anywhere 24/7 using Online Banking or Touch Tone Teller

 

Note regarding Regulation D:  Regulation is a directive of the Federal government that is imposted on all financial instutions (banks and credit unions). To maintain compliance with Regulation D, Education First Federal Credit Union must place a monthly limit on certain types of transfers and/or withdrawls from the following types of savings (share) accounts:  Standard Savings, Special Savings, Money Market Accounts, and Prime Rewards  Click here for more information on Regulation D.

 Questions? Give us a call at (409) 898-3770 or (800) 456-4684. We're happy to assist you!