Rate Information: The dividend rate and annual percentage yield may change at any time, as determined by the credit union Board of Directors.
Minimum Balance Requirements: The minimum balance required to open this account is $2,500.00. You must maintain this amount to avoid a minimum balance fee. If, during any month, the amount falls below the required minimum daily balance, your account will be subject to a $25.00 fee for that month.
Transaction Limitations: During any month, you may not exceed more than three withdrawals without penalty. They include preauthorized or automatic transfers, telephonic order or instructions. If you exceed the transfer limitations set forth above in any statement period, your account will be subject to closure by the credit union.
What Is a Money Market Account?
A VFCU Money Market account gives you another way to grow your savings while keeping your funds accessible. It can be a useful option for members who want to earn dividends on qualifying balances without committing their money to a longer-term savings product.
Money Market accounts can be especially helpful when saving for larger upcoming expenses or keeping additional funds available for future financial goals.
Benefits of a VFCU Money Market Account
A Money Market account can provide a balance between earning potential and access to your savings.
Key benefits include:
- Earn dividends on qualifying balances
- Keep your savings accessible when you need it
- Save toward short-term and larger financial goals
- Maintain funds without committing to a long-term certificate
- Keep additional savings separate from your everyday checking account
Is a Money Market Account Right for You?
A Money Market account may be a good fit if you have built up savings that you don’t need for everyday expenses but still want to keep within reach.
Members may use a Money Market account when saving for goals such as a major purchase, an emergency fund, future expenses, or simply as another way to organize and grow their savings.
If you are deciding between a traditional savings account, Money Market account, or certificate, VFCU can help you explore the available options and determine which account best fits your financial goals.
Save With VFCU
Whether you’re building an emergency fund, preparing for a major purchase, or simply looking for another place to grow your savings, VFCU offers savings options designed to support a variety of financial goals.
Explore our Savings Accounts and Certificates to compare your options, or contact VFCU to learn more about opening a Money Market account.
