Higher balances. Higher earning potential.
Earn more on larger balances while keeping your money accessible.
Why Choose a Money Market Account?
A Money Market Account can help you earn more on higher balances while keeping your savings accessible when you need them.
Higher Earning Potential
Tiered dividend rates help your savings grow as your balance increases.
Access Your Funds
Keep your money available when you need it without a fixed term.
Ideal for Larger Balances
Maintain a minimum balance of $2,500 to earn dividends.
Current Money Market Rates
Your dividend rate is based on your daily balance, with higher balances qualifying for higher dividend tiers and APYs.
| Description | Interest Rate | Annual Percentage Yield | Minimum Balance to open and earn APY | |
|---|---|---|---|---|
| Tier 1 $2,500 - $24,999.99 | 0.50% | 0.50% | $2,500.00 | Open Account |
| Tier 2 $25,000 - $49,999.99 | 1.00% | 1.00% | $25,000.00 | |
| Tier 3 $50,000 - $99,999.99 | 1.24% | 1.25% | $50,000.00 | |
| Tier 4 $100,000 and over | 1.49% | 1.50% | $100,000.00 |
Ready to Earn More on Your Savings?
Open a Money Market Account with a $2,500 minimum balance and take advantage of tiered dividend rates.
Frequently Asked Questions
What is a Money Market Account?
A Money Market Account is a savings account designed for members maintaining higher balances. It offers tiered dividend rates, meaning higher balances may earn higher dividend rates while keeping your funds accessible when needed.
Not sure what terms like Money Market Account, APY, or dividends mean? Explore our Money 101 page for plain-language explanations of common banking and financial terms.
How is a Money Market Account different from a savings account?
Both accounts help you save money and earn dividends. A Money Market Account is designed for higher balances and offers tiered dividend rates, while a traditional savings account may have a lower minimum balance requirement.
How are Money Market Account dividend rates determined?
Money Market Accounts earn dividends based on balance tiers. As your balance increases, you may qualify for higher dividend rates and APYs.
How much money do I need to open a Money Market Account?
A minimum balance of $2,500 is required to open a Quincy Credit Union Money Market Account and begin earning dividends.
Are Money Market Accounts federally insured?
Yes. Money Market Accounts at Quincy Credit Union are federally insured by the NCUA up to applicable limits.
APY = Annual Percentage Yield. Rates are subject to change without notice. Membership eligibility required; a $5 Primary Share Account must be maintained.