MINIMUM INITIAL DEPOSIT: $1,000
|ACCOUNT TYPE||STANDARD ACCOUNTS (APY)||MINIMUM TO EARN DIVIDEND||COMPOUNDING PERIOD|
All rates are subject to change without notice. For the most up-to-date rates, please call Member Services at 800.877.4444. The Annual Percentage Yield (APY) stated for all accounts is accurate as of the date listed. Annual Percentage Yield assumes deposits, and dividends paid, are held to maturity. Penalties may be applied for early withdrawal on term accounts. Fees could reduce actual earnings. Refer to “Terms and Conditions” for other account information.
Information accurate as of January 5, 2021.
Checking & Money Market Accounts Fees
|Returned Deposit Item||$25.00|
|Courtesy Pay Overdraft||$25.00|
|Check Copy in excess of 2 per month||$3.00|
|Overdraft Protection Transfer||$3.00|
|Check Printing (minimum)||$12.00|
|Cleared Money Market Check in excess of 6 per month||$15.00|
“The best time to plant a tree was 20 years ago. The second best time is now.” – Chinese Proverb (edited)
Frequently Asked Questions
Are there transaction limits on a Money Market?
Yes, you may make 6 free transactions per month. A fee of $15 will apply to each transaction after.
Can I use a Money Market Account for overdraft protection?
Yes, but any Overdraft Protection transfers count towards your 6 free monthly withdrawals.
Does a Money Market have time limits or terms?
No, you can keep your Money Market Account open for as little or as long as you’d like.
Can I overdraw a Money Market account?
Yes, it is possible to overdraw your Money Market Account; however, you can set up services like Overdraft Protection and Courtesy Pay to prevent this.
What does “Compound Interest” mean?
Compound Interest allows you to earn interest not only on the amount you deposited, but on the total amount you have in your account – that includes the interest you earned months prior.
Can I add money to a Money Market after opening?
Yes, you may add additional funds to your Money Market Account at any time.
What is the maximum amount I can have in a Money Market Account?
There is no maximum amount.
Can I pay my OE Federal loan with a Money Market Account?
Yes, you can use your Money Market Account to pay on your OE Federal loan. However, this will count towards your 6 free transactions per month.