Max Credit Union Money Market Rates and Accounts Explained

Max Credit Union offers a variety of money market accounts that earn competitive interest rates.

Their rates are tiered, with higher balances earning higher rates, and can be as high as 2.50% APY for balances over $250,000.

One of the benefits of a Max Credit Union money market account is that it often comes with a debit card and checks, making it easy to access your funds when you need them.

Max Credit Union also offers a money market account with a low minimum balance requirement, making it a great option for those who want to earn interest without having to keep a lot of money in their account.

This account requires a minimum balance of just $100 to avoid monthly maintenance fees.

SDCCU offers a Money Market account with competitive rates, earning you 0.20% APY on balances $100,000 or more.

The APY on this account is tiered, with lower rates for smaller balances. For example, balances between $50,000 and $99,999 earn 0.15% APY, and balances between $25,000 and $49,999 earn 0.05% APY.

To earn the APY, you must maintain a minimum average daily balance of $100 in the account. The minimum balance required to open the account is $5,000.

Here's a breakdown of the APYs for SDCCU's Money Market account:

Note that dividend rates and APYs are subject to change without notice, and fees may apply.

The Money Market Calculator is a powerful tool that helps you understand how your deposit amount can earn interest over time. It provides a clear picture of the blended APY, which is the average interest rate you can expect to earn.

The calculator shows a range of APYs, from 2.00% to 0.15%. This means that your deposit can earn interest at different rates depending on the term. For example, the APY for the first year is 2.00%.

Here's a breakdown of the APYs listed in the calculator:

As you can see, the APYs decrease as the term gets shorter. This means that longer-term deposits tend to earn higher interest rates.

A money market account is like a hybrid savings and checking account, offering flexible options for spending and overdraft protection. You can use it to make purchases directly from your account.

Money market accounts are low-risk, easy-to-access savings accounts. They're not a type of investment that's federally insured like a traditional savings account.

Keep in mind that as you take advantage of these flexible options, your spending could bump your balance into a lower tier. This is something to consider when managing your money market account.

Maximizing your returns on a money market account requires understanding the different account types and rates available. You can earn a competitive APY of 0.20% with a money market account at SDCCU if you maintain an average daily balance of $100,000 or more.

SDCCU offers a variety of account options, including checking, money market, and savings accounts. The APY for a High-Yield Checking account at SDCCU is 0.05% if you maintain an average daily balance of $500,000 or more.

Here's a breakdown of the APYs for different account types at SDCCU:

The minimum balance required to open a money market account at SDCCU is $5,000, and you must maintain a minimum average daily balance of $100 to earn the APY.

SDCCU offers a range of account options to fit your financial needs, including checking, money market, and savings accounts.

The High-Yield Checking account has competitive rates and no monthly fee options, with an APY of 0.05% for balances over $500,000.

To open a High-Yield Checking account, you'll need a minimum balance of $5,000, and to avoid a monthly fee, you must maintain an average daily balance of $25,000.

You can earn the APY with a minimum average daily balance of $100.

The Money Market and IRA Money Market accounts offer higher APYs, with 0.20% for balances over $100,000.

To open one of these accounts, you'll need a minimum balance of $5,000, and to earn the APY, you must maintain an average daily balance of $100.

The Savings account has a minimum balance requirement of $1, but to earn the APY, you'll need to maintain an average daily balance of $100.

Here's a summary of the minimum balance requirements for each account:

Let's take a closer look at the certificate rates offered by this financial institution. The minimum deposit ranges to earn APY are quite specific, with different rates applying to different balance tiers.

For balances between $2,000.00 and $9,999.99, the APY is the same as for balances between $10,000.00 and $89,999.99, at 1.74% and 1.75% respectively.

The APY for a 12-month certificate is 1.49% for balances below $10,000, and 1.50% for balances between $10,000 and $89,999.99.

You can earn a higher APY with a longer certificate term. For example, a 60-month certificate offers the same APY as a 48-month certificate, at 1.74% and 1.75% respectively.

Here's a breakdown of the certificate rates by term and balance tier:

The Bonus option at your credit union is worth exploring, especially if you're looking to earn more on high balances. For Bonus Checking members, this can be a great way to boost your earnings.

You'll need to have a high balance in your account to take advantage of the Bonus Money Market option. This is specifically designed for those with higher balances.