Money market accounts offer many convenient features of checking accounts, with an attractive rate of return to help your money grow. Here’s all you need to know about money market accounts.
High dividend rates
Money market accounts offer a higher dividend rate than a typical savings account. At , our money market accounts earn as high as [XX]%APY* as of [DATE]. A money market account can be the perfect way to give your short-term savings their best chance at growth.
Increased flexibility
Money market accounts offer more flexibility than savings accounts. The funds may be accessible via paper check and/or debit card. Most banks and credit unions also allow transfers from money market accounts to checking accounts.
It’s important to note that most financial institutions place limits on the number of money market transactions you can make during a month. If you open a money market account at , you’ll be allowed [up to x/unlimited] convenient** transactions each statement cycle.
Security
The funds in your money market account at are insured by [the National Credit Union Administration (NCUA) up to $250,000] [and privately by [insurance] up to $250,000]. You can keep a large sum of money in your account with less risk.
Minimum balance requirements
Most financial institutions require a minimum initial deposit for money market accounts and a minimum balance to be kept in the account at all times. Here at , you can open an account with as little as [$XXX]. [Also, we won’t charge a penalty or maintenance fee for a money market account, as long as there is a minimum balance of [$XXX] in the account at all times.]
Ideal uses for money market accounts
Money market accounts can be ideal for expected occasional expenses, or for the unexpected emergency that can send a lesser-prepared individual into debt.
Here are some of the most popular uses for money market account funds:
Are you ready to start saving big? Open a money market account at today!
* APY = Annual Percentage Yield, is valid as of [##/##/####] and is subject to change without notice. See website [credit_union_URL] for current rates.
** “Convenient” transactions are transfers/withdrawals made by a preauthorized, automatic, telephonic agreement, order or instruction, or by check, debit card, or similar order made payable to third parties
TikTok Inspo: What do you love about your money market account? Tell us about it in a 15-second video.
