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Routing Number: 253177049
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Money Market Share Account

Boost your everyday savings with a dividend-earning Money Market Share Account.

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Grow your savings with a Money Market Share Account

A Money Market Share Account can be a great option for reaching short-term savings goals. This account typically has a higher dividend rate than a regular Share (savings) Account and offers more flexibility than Share Term Certificates.

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Higher rates

Earn higher dividend rates than regular Share and Checking Accounts with a Money Market Share Account.1

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Compounding dividends

Dividends are compounded daily and paid monthly into your Money Market Share Account.1,2

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Everyday access

You can withdraw or transfer funds at any time with a Money Market Share Account.

Account features

Our Money Market Share Account offers increased earnings and flexibility with unlimited deposits and withdrawals.

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  • Competitive dividend rate

    View our current Share and Deposit Rates.

  • No monthly fee

    There is no monthly maintenance fee unless the Money Market Share Account falls below $250.2

  • Automated Clearing House (ACH) deposits

    A Money Market Share Account is eligible for ACH deposits, such as paychecks via direct deposit.

  • Overdraft Transfer Service

    A Money Market Share Account can serve as a protecting account when you enroll your SECU Checking Account in our optional Overdraft Transfer Service.2,3

  • 24/7 access

    Access your account online through Member Access or our Mobile App, at an ATM or your local branch, via ASK SECU, and through Member Services Support at (888) 732-8562.

Money Market Share vs Share Term Certificate

Compare the key differences between our higher-earning savings account options.

 

 Money Market ShareShare Term Certificate (STC)
Annual percentage yield12.02%2Up to 4.65% (depending on term length)4
Earning optionDividends, compound daily5Simple interest
Minimum opening deposit$250$250 (for all terms)
Monthly maintenance feeNo fee, unless balance falls below $2502No fee
Deposits allowedYes, anytimeNo, except opening deposit6
Withdrawals allowedYes, anytimeNo, not without penalty or until maturity date6
Early closing penaltyNoYes7

 

Learn more about Share Term Certificates

Frequently asked questions about Money Market Share Accounts

A Money Market Share Account pays (or “earns at”) a higher rate than regular Share Accounts as long as you maintain the required minimum balance. To compare, view our Share and Deposit Rates.

A $2 monthly maintenance fee will be applied. Additionally, dividends can only be earned on days when the account balance is equal to or greater than $250. Visit our Fees page to learn more.

No, checks, BillPay payments, and ACH debits are not allowed with a Money Market Share Account. If you need to authorize ACH debits or set up BillPay, check out our dividend-earning Checking Account.

No, account funds may not be used as collateral for any loan, including an SECU loan.

Money Market Share Accounts accrue dividends that are compounded daily and paid monthly. The minimum account balance must be maintained to accrue dividends.

Yes, you can close your account at any time.

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Related links

  • Account Disclosures

    View our Account Rules and Regulations, Fees and Terms, and card disclosures.
  • Statements

    Learn about statement options, including choosing your statement date with e-statements.
  • Education Savings

    Learn about the benefits and features of our education savings accounts.
  • Health Savings

    Learn about the benefits and eligibility requirements of our Health Savings Account (HSA).

  1. APY = Annual Percentage Yield. Rates are accurate as of 10/1/2024.
  2. Dividend rate and annual percentage yield (APY) are variable and subject to change daily at the discretion of the Board of Directors. The minimum balance to earn dividends on Money Market Share accounts is $250. If the balance falls below $250 at any time during a statement period, a $2 monthly maintenance fee is assessed. Fees may reduce the earnings on the account.
  3. If a Money Market Share Account serves as a protecting account for Overdraft Transfer Service purposes, funds will transfer in $50 increments up to the available balance.
  4. Interest accrues as simple daily interest. Rates are fixed for the term of certificate and are determined by the length of the term. Rates on new STCs are subject to change daily without notice. Penalties may apply for early withdrawal of funds. Fees may reduce the earnings on the account. Interest cannot remain on account and payout is mandatory for non-compounding STCs.
  5. Dividends are returns earned on equity investment (shares).
  6. Partial withdrawals or subsequent deposits not permitted during term; 1 partial deposit to or withdrawal from STC permitted, at no penalty, during 7-day grace period that begins on the day after STC renews.
  7. If STC is canceled before the maturity / renewal date, there may be an early withdrawal penalty equal to 90 days interest on the principal or all interest earned, whichever is less. There is no penalty if STC is canceled during the grace period.