What Can DCU Save You?

Money Market Savings Account

High rates and flexibility




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Money Market Savings Account

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

Please refer to Details and Rates tabs for more information.

"Simple and effective"

Open quote DCU's money market is a good money market account with simple and effective features, and is backed by DCU's impeccable service, functionality and ease of use. Close quote

— Shriak, Arlington, VA

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. Click the "Rates" tab 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 scanner or 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.

Please refer to Features and Rates tabs for more information.

Money Market Savings Accounts*

$1,000 minimum balance to earn dividends.

Balance Tiers Dividend Rate Annual Percentage Yield
When daily balance is $100,000.00 or more 0.90% 0.90%
When daily balance is $50,000.00 to $99,999.99 0.85% 0.85%
When daily balance is $25,000.00 to $49,999.99 0.75% 0.75%
When daily balance is $10,000.00 to $24,999.99 0.65% 0.65%
When daily balance is $1,000.00 to $9,999.99 0.55% 0.55%

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.

 

Please refer to Features and Details tabs for more information.


Money Market Account is rated 4.0 out of 5 by 159.
Rated 5 out of 5 by from This product is a nice addition to my savings portfolio This money market Account will allow me to earn more interest as opposed to my savings account.
Date published: 2017-04-22
Rated 5 out of 5 by from interest rates Very good interest rates a good selection of options
Date published: 2017-04-01
Rated 5 out of 5 by from Money market with DCU is the way to go! Great interest rate and easy to set up. Love the convenience of online account opening.
Date published: 2017-03-31
Rated 5 out of 5 by from great i love dcu i have ben a member for a long time and i never have any issues with this branch you guys are the best on everything thanks dcu
Date published: 2017-03-27
Rated 5 out of 5 by from Money Market Accounts get an A+ This product has always served us well and provided us with a good return!
Date published: 2017-03-06
Rated 5 out of 5 by from Outstanding associate service - extremely informative and courteous I felt that the associate(s) who handled my recent transactions were well informed and knowledgeable regarding the many products DCU has to offer. Although the process was time-consuming, it seems that the products chosen for my age and lifestyle were the right ones. Again, credit has to be given to the associate(s) who suggested certain "avenues" of growth while still enjoying the benefits of being able to access funds.
Date published: 2017-02-12
Rated 5 out of 5 by from Online service great The information available on the DCU website about money markets was so helpful in making my decision to open an account. Also, opening a money market account on the website was easy. The website is very user friendly.
Date published: 2017-01-28
Rated 5 out of 5 by from This product is good Unused savings can be parked in this account and get dividend. The more the money parked the more the interest. Also, you can withdraw anytime without a fee.
Date published: 2016-10-08
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Can money market account be closed any time with out penalty?

Asked by: Anonymous
yes, contact DCU to confirm. Its not a CD.
Answered by: Anonymous
Date published: 2016-05-06

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

Asked by: Anonymous
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: Anonymous
Date published: 2014-01-18

Can you write physical checks on the Money Market Account?

Asked by: Anonymous
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: Anonymous
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: Anonymous
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: Anonymous
Date published: 2015-02-14

Does the time have to be in whole years, or can it be like 18 months??

Asked by: Anonymous
With a Savings or Money Market, the funds on deposit accrue daily interest and interest posts monthly at month end. Even if you withdraw funds mid-month, interest earned through that date will still post to the account at month end. If you are referring to Certificate terms, you can choose any monthly term length between 3 to 60 months.
Answered by: Anonymous
Date published: 2016-03-05
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"Fast and easy to open"

Open quote I was able to open a money market account online in less than one minute. Impressive! I had the option of adding a joint owner. This saved me a lot of time. Close quote

— Blueeyes, Tilton, NH

Easy Ways To Open a Money Market Account

  1. Open Online – Opening a DCU Money Market Account is fast and convenient! Follow the simple step-by-step instructions and open your account in minutes online.
  2. By Phone – Call 800.328.8797 or 508.263.6700, (select 3).
  3. Visit a DCU Branch – Visit a local branch and open a Money Market Account. A Member Service Representative will assist you and be able to answer all your questions.

"Great benefits"

Open quote I opened a new money market account after closing my account at Citizens because of too many fees. DCU makes finances easy, with no fees and great benefits. Close quote

— DCU Fan, Merrimack, NH

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