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Money Market Savings Account

High rates and flexibility

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Money Market Account

  • Earn high tiered dividends
  • $0 minimum to open
  • $1,000 minimum to earn dividends
  • Free online, mobile, and branch access
  • Federally insured by NCUA

View Details tab for account details and rates.

Money Market Savings Account Details

  • Earn high tiered dividends – You'll earn dividends that often rival uninsured money market mutual funds. As the money in your DCU Money Market Account grows, you'll automatically earn a higher dividend rate. See below for balance tiers and dividend rates.
  • $0 minimum to open
  • $1,000 minimum balance to earn dividends
  • Free online, mobile, and branch access – You can access your account 24 hours a day using any DCU ATM, Online Banking, and Easy Touch Telephone Teller. You can access your account in any DCU branch and make deposits online anytime with a camera in your smart phone by Online Deposit.
  • Federally insured by NCUALearn more about insurance on all your savings at DCU and how to maximize your coverage.

*Federal Reserve Regulation D states no more than six (6) pre-authorized, telephone, automatic, or check withdrawals or transfers in any combination are permitted in any calendar month from your Money Market Account.

Rates may change after the account is opened and are subject to change weekly. Funds earn dividends from day of deposit to day of withdrawal, compounded daily and paid monthly. Accrued dividends are forfeited if account is closed prior to monthly dividend posting. Fees or other conditions may reduce earnings on this account. Refer to DCU's Truth-In-Savings Disclosure and Account Agreements and Schedule of Fees and Service Charges.

Money Market Savings Account Rates*

$1,000 minimum balance to earn dividends.

Balance Tiers Dividend Rate Annual Percentage Yield
When daily balance is $100,000.00 or more 1.35% 1.36%
When daily balance is $50,000.00 to $99,999.99 1.30% 1.31%
When daily balance is $25,000.00 to $49,999.99 1.30% 1.31%
When daily balance is $10,000.00 to $24,999.99 1.25% 1.26%
When daily balance is $1,000.00 to $9,999.99 1.25% 1.26%

Rates are effective .

*Rates are subject to change weekly. Funds earn dividends from the first business day of deposit and are compounded daily and posted monthly. Money Market dividends are calculated on the full balance using the highest applicable dividend rate. Accrued dividends are forfeited if account is closed prior to monthly dividend posting. Fees or other conditions may reduce earnings. Refer to DCU's Truth-in-Savings Disclosures and Account Agreements and Schedule of Fees and Service Charges.

Annual Percentage Yield (APY) is a figure calculated using a federally-mandated formula. It's designed to help you compare the return you'll get in a uniform way between the certificate, savings, and money market accounts offered at various institutions. It tells you at what percentage your money will grow in one year at the same dividend rate – including the effects of compounding. For example, the APY on a 6-Month Certificate would be what you earned at the end of a year if you renewed your certificate once, did not add to or subtract from the balance along the way, nor withdrew any dividends.

Money Market Account is rated 4.1 out of 5 by 183.
Rated 5 out of 5 by from Another Excellent DCU product We've been DCU members for 30 years and it just gets better and better. The Money Market account was simple to instantaneously set up.
Date published: 2018-10-13
Rated 5 out of 5 by from great customer support they spend time to discuss...do not demand too much review text....
Date published: 2018-10-13
Rated 5 out of 5 by from Better interest than a regular savings Better than a regular savings because it has bigger interest rates yet not as restrictive as a CD
Date published: 2018-06-09
Rated 5 out of 5 by from opened money market very pleasantly satisfied as I was making a large deposit and asked for the highest yield with accessibility and was recommended to a money market option. very easy and quick to do!!
Date published: 2018-06-02
Rated 5 out of 5 by from Products Many services to choose from. Friendly & knowledgable staff.
Date published: 2018-03-03
Rated 5 out of 5 by from Excellent rates and easy access. Great banking experience with excellent rates. Easiest account setup.
Date published: 2018-03-03
Rated 5 out of 5 by from Got a great rate Was easy to set up. Did online by myself. Really looking forward to being part of DCU.
Date published: 2018-02-04
Rated 5 out of 5 by from Money Market Account I was shopping around for rates. DCU had the best rate in town when it came to Money Market and what I was looking for long term. I signed up after only looking at two other banks and realized that DCU was the best place to sign up. Amanda from Worcester Tobias way near Walmart was a great help and made the process easy for me!
Date published: 2018-01-21
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Can money market account be closed any time with out penalty?

Asked by: brad
yes, contact DCU to confirm. Its not a CD.
Answered by: Abbie
Date published: 2017-12-08

What happen if DCU became bankrupt or decided to close business or natural disaster forced to close the DCU?

What happen if DCU became bankrupt or decided to close business or natural disaster forced to close the DCU? How much minimum or maximum of my available amount I get it back in this situation?
Asked by: Niv
DCU is federally insured by the NCUA. Details of this coverage may be found on our web site at https://www.dcu.org/streetwise/howto/ncua.html .
Answered by: DCU Staff
Date published: 2017-07-08

Are there any requirements to opening a Money Market account? like credit score, etc? I already have DCU checking and savings accounts

Asked by: sophie
If you already have a DCU Savings and Checking, then you may easily open a DCU Money Market by clicking the Open Accounts tab in Online Banking. The only requirement is that you maintain a balance of $1,000 or more to earn dividends.
Answered by: DCU Staff
Date published: 2014-01-18

Can you write physical checks on the Money Market Account?

Asked by: PotentialCustomer
Physical checks are available for the Money Market Accounts. If you would like to place an order please contact our Information Center for assistance.
Answered by: DCU Staff
Date published: 2015-05-02

How is the penalty applied when account balances fall below $1,000?

At what minimum balance is the account closed?
Asked by: Mrbill
The minimum balance needed to earn dividends on a Money Market is $1,000, however, no penalty is assessed if the balance falls below $1,000, just no dividends are earned for those days. The minimum balance needed to keep the account open is $0.01. If the balance maintained is zero, after several months the account will automatically close.
Answered by: DCU Staff
Date published: 2015-02-14
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Easy Ways To Open a Money Market Account

  1. Open Online
  2. By Phone
    Call 508.263.6700 and press 3
  3. Visit a DCU Branch