Money Market Accounts
MONEY MARKETS
*NO FEES!A Money Market Account is specifically designed for members who maintain high balances in a liquid account. The Money Market Accounts are federally insured up to $250,000, and unlimited withdrawals are allowed at no cost. Also, they pay competitive monthly dividends.
The minimum amount required to open a Money Market Account is $20,000, and the dividend rates increase depending on the balance in the account. The dividend rates on the Money Market Accounts are paid monthly and are based on a tiered rate structure. To view the current rates and balances required for each dividend tier-click here.
The balance to earn dividends at the Platinum Plus tier is $250,000. This is the minimum required to earn the highest competitive dividend rate.
Money Market/Platinum Plus
| Balance | Rate | APY** |
|---|---|---|
| Balances below $19,999.99 | 0.05% | 0.05% |
| $20,000.00 -$99,999.00 | 3.45% | 3.50% |
| $100,000.00 - $249,999.99 | 3.69% | 3.75% |
| $250,000.00 - $999,999.99 | 4.17% | 4.25% |
| Balances above $999,999.99 (Platinum Plus Level) | 4.41% | 4.50% |
FREQUENTLY ASKED QUESTIONS
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+ Are there any fees?
Workmen’s Circle Credit Union does not charge fees on Money Market Accounts.
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+ What is the minimum deposit?
The minimum deposit for the Regular Money Market is $20,000 and $250,000 for the Platinum Plus Money Market.
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+ Are the deposits federally insured?
Yes, your deposits are federally insured to at least $250,000 by the National Credit Union Administration and backed by the full faith and credit of the United States Government.
Useful Links:
Forms must be printed and delivered to WCCU staff.
Change of Address Form
ACH Form
Savings Calculators
Current Savings Rates