Metro Credit Union Money Market Rates and Features

Metro Credit Union's money market account is a great option for those who want to earn a competitive interest rate while having easy access to their funds.

The minimum balance requirement is $100 to avoid monthly maintenance fees.

With Metro Credit Union, you can earn a tiered interest rate, with higher balances earning higher rates.

The interest rate is competitive, with rates ranging from 2.50% APY to 4.50% APY, depending on the balance.

At Metro Credit Union, you can enjoy a range of account features that make managing your money a breeze. Their online banking platform is available 24/7, allowing you to check your account balances, transfer funds, and pay bills from anywhere.

The credit union offers a mobile banking app that lets you manage your accounts on the go, making it easy to stay on top of your finances. You can even deposit checks remotely using your smartphone.

With Metro Credit Union, you can also set up account alerts to notify you of low balances, large transactions, or other important account activity. This feature helps you stay on top of your finances and avoid overdrafts.

A Money Market account is a type of savings account that rewards you for growing your savings. It combines features of both savings and checking accounts.

To open a Money Market account, you'll typically need to have a minimum balance of $500. This is higher than a traditional savings account, but it's a small price to pay for the benefits you'll receive.

If your daily balance is equal to or above $500, you'll earn an APY (Annual Percentage Yield) of 0.10%. This means you'll earn interest on your savings, which can add up over time.

Accounts below the minimum balance are subject to a $5.00 per month maintenance fee. This can be avoided by keeping your balance above $500.

Dividends are compounded daily and credited monthly, so you'll earn interest on your interest.

There's a limit of 6 withdrawals drawn against the Money Market account each month. Each withdrawal must be at least $500, which can help you avoid unnecessary fees.

Here are the key details about Money Market accounts:

Money market accounts are considered low-risk investments, which means your savings will be safe.

You can rest assured that the money you save will be Federally insured up to $250,000 by the NCUA.

One of the advantages of money market accounts is that they offer check-writing privileges, unlike traditional savings accounts.

The Regular & IRA Share account offers a simple interest rate structure.

If your daily balance is below $500.00, you won't earn any interest on your money.

However, if your daily balance is at or above $500.00, you'll earn a competitive 0.05% APY.

Here's a breakdown of the interest rates: