Earn Higher Dividends With A Money Market Account
Get the flexibility of a checking account while saving money at a higher dividend rate than a traditional savings account, with a money market account from True Sky Federal Credit Union! Unlike share certificate accounts where you need to keep your money in it for the full term to earn all the dividends, a money market account has the ability to be withdrawn from, in case of emergency, and still earn dividends on the balance *. This is a great way to be able to save money for the future!
What Is A Money Market Account
A Money Market Account is a type of savings account (or deposit account) that bares dividends and can grow over time. But unlike a savings account, checking debits, like ATM purchases & checks, can be made from a money market account without penalty. There are limits to this as there are monthly transaction limits and minimum balances that must be adhered to. Funds inside a money market account are NCUA insured (up to $250,000) so you will receive the same protections you would have if you placed these funds in a traditional savings account.