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.
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 1.492% |
APY* 1.500% |
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.
Start Saving With An Account That Fits Your Needs
Disclosures
*Securities and Insurance Products are provided by Cetera Investment Services LLC, Member SIPC/FINRA. Advisory services are provided by Cetera Investment Advisers LLC. Neither firm is affiliated with the financial institution where investment services are offered. View Cetera Investment Services Privacy Policy and other important information.
Investment products are:
| Not NCUSIF Insured | No Financial Institution Guarantee | May Lose Value | |||
| Not a Deposit | Not Insured by any Federal Government Agency | ||||
Financial Advisors are registered to conduct securities business and licensed to conduct insurance business in limited states. Response to, or contact with residents of other states will only be made upon compliance with applicable licensing and registration requirements. The information in this website is for U.S. residents only and does not constitute an offer to sell, or a solicitation of an offer to purchase brokerage services to persons outside of the United States.
Individuals affiliated with this broker/dealer firm are either Registered Representatives who offer only brokerage services and receive transaction-based compensation (commissions), Investment Adviser Representatives who offer only investment advisory services and receive fees based on assets, or both Registered Representatives and Investment Adviser Representatives, who can offer both types of services.