Making the most of your reserve funds requires a balancing act
Your goal is to maximize dividends without tying up every dollar for extended periods. After all, liquidity allows your business to quickly react to unexpected expenses, outstanding opportunities or changing competitive landscapes. Money Market accounts hit the sweet spot, out-earning regular savings accounts while keeping funds immediately accessible right when you need them.
Regular Money Market
- $1,000 minimum deposit to open
- Add to your balance as often as you like
- Tiered rate system means that bigger balances can have higher earning potential
- No minimum savings period
- Access funds through checks, Online and Mobile Banking and at Mid American locations
- A safe, secure saving strategy with balances up to $250,000 protected by National Credit Union Administration
- $10 monthly fee for balance less than $1,000
Premier Money Market
- $1,000 minimum deposit to open
- Available to checking account members or to members adding $25,000 in new money
- Make additional deposits as often as you like
- Tiered rate system means that bigger balances can have higher earning potential
- No minimum savings period
- Access funds through checks, Online and Mobile Banking and at Mid American locations
- A safe, secure saving strategy with balances up to $250,000 protected by National Credit Union Administration
- $10 monthly fee for balance less than $1,000
Regular Money Market
| Balance | APY* |
|---|---|
| $0 - $9,999 | 0.05% |
| $10,000 - $49,999 | 0.10% |
| $50,000 - $99,999 | 0.15% |
| $100,000 - $499,999 | 0.20% |
| $500,000 - $999,999 | 0.25% |
| $1,000,000 and Up | 0.30% |
Premier Money Market
| Balance | APY* |
|---|---|
| $0 - $49,999 | 0.20% |
| $50,000 - $199,999 | 2.00% |
| $200,000 and Up | 3.00% |
*APY=Annual Percentage Yield. APY is variable and may change after account is opened. Minimum deposit to open a Money Market Account or a Premier Money Market Account is $1,000. Rates are effective April 1, 2023.
Fee & Service Charges