Money Market Fund
Fuel financial growth for higher balances.
First Money Market Fund Accounts offer the same flexibility and liquidity of a checking account but allow you to earn high, variable dividend rates. Accounts are paid competitive dividends and are compounded on a monthly basis to ensure fast and steady financial growth.
- $25,000 minimum opening deposit.
- $25 monthly fee (if balance falls below $25,000).
- Earns dividends monthly (with minimum balance of $25,000).
1APY is Annual Percentage Yield. Withdrawals, penalties and fees could reduce earnings. Dividend rates and APY are subject to change monthly without notice at the discretion of the Board of Directors. Dividends are paid at the end of the period from current income and available earnings after required transfers to reserves. The above rates were paid for their respective dividend period. These rates are not guaranteed for the current dividend period. All accounts must remain open through the end of the dividend period to be paid the accrued dividends.
APY assumes dividends remain in the account until maturity. Withdrawals, penalties or fees could reduce earnings. All accounts must remain open through the end of the dividend period or the maturity date to be paid the accrued dividends.
2Rates change monthly based on the average of the previous 3 months 90 - day Treasury bill minus the tiered discount.
A minimum of $25,000 is required to open a First Money Market Fund Account and a $25,000 daily balance is required to avoid service fees and to earn dividends. Competitive dividend rates are subject to change monthly as determined by the Credit Union Board of Directors.