MONEY MARKET ACCOUNT
Lucrative saving meets easy spending
Keep access to your funds while earning great rates with a Money Market Account. Dividends are compounded and credited to your account monthly, and you can write up to six checks per month.
Key Features
$2,500 minimum opening balance.
No deposit limits.
Free checking.
Earns tiered dividend rates.
24/7 access to manage your account.
Ready, set, grow.
Start earning dividends at a competitive market rate.
Today's Rates
|
Account Balance |
Dividend Rate |
APY* |
|---|---|---|
|
*All annual percentage yields (APY) for non-certificate accounts are accurate as of the last dividend declaration date. APY= Annual Percentage Yield. Penalties for early withdrawal on term share accounts. Rates on deposit accounts and specified accounts may change after account opening. PenAir reserves the right to discontinue or modify offers at any time. No minimum to open any PenAir checking account. Fees may reduce earnings. |
||
|
Account Balance $0-$2,499.99 |
Dividend Rate 0% |
APY* 0% |
|
Account Balance $2,500-$24,999.99 |
Dividend Rate 0.350% |
APY* 0.350% |
|
Account Balance $25,000-$74,999.99 |
Dividend Rate 0.996% |
APY* 1.000% |
|
Account Balance $75,000-$199,999.99 |
Dividend Rate 1.244% |
APY* 1.250% |
|
Account Balance $200,000.00 and over |
Dividend Rate 1.985% |
APY* 2.000% |
Need a little more information?
Maybe you’ll find what you’re looking for here.
If your financial institution pays better or the same rate on its standard savings account as a Money Market Account, and your goal is to park your funds and watch your balance grow, it might be worth sticking with the Savings Account. But if the Money Market’s rate is higher than the savings account, or you need to make an occasional purchase from the account, and you can meet any minimum balance requirement, it could be a good idea to open a Money Market Account.
Yes, the National Credit Union Administration (NCUA) provides $250,000 per member per credit union of insurance coverage. If you want to insure more than $250,000, the best way to accomplish that is to open a Money Market Deposit Account (MMDA) at more than one financial institution.
Deposits can be made to your PenAir Savings, Secondary Savings, Share Draft Checking, Money Market, or Christmas Club account.