Rates

Money markets combine the flexibility of checking with the serious earnings of savings. Dividend rates are tiered, so your rate grows with your balance.

Key Features

  • Online Banking
  • Mobile Banking
  • E-statements

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  • Competitive dividends on balances of $1,000 or more
  • Tiered rate structure; higher balances earn higher rates
  • Enjoy flexibility with enhanced access to funds, including direct check writing
  • No monthly service fees
  • Free digital banking services*
  • Free EMV debit card
  • $1,000 minimum deposit to open

Looking for a way to invest without tying up funds? Look no further than our money market account. Enjoy the high interest of a savings account with the flexibility of a checking account. Earn 3.00% APY* when you deposit $100,000 or more in your money market account. 

A money market account (MMA) can be a strategic addition to your financial portfolio, offering a blend of benefits that make it an attractive option for many savers. As an interest-bearing account, it combines features of both savings accounts and checking accounts, providing a unique combination of safety, liquidity, and potential for higher returns. Here are some compelling advantages of a money market account that make it worth considering.

  • Earns a higher interest rate compared to traditional savings accounts - This higher yield can help your money grow more quickly, making it an excellent choice for those looking to maximize their savings without delving into riskier investments. The interest rates on MMAs are often tiered, meaning the more you deposit, the higher the interest rate you can earn. This incentivizes savers to maintain a higher balance, which can be particularly advantageous for those looking to save for significant future expenses, such as a down payment on a house or a child's education.
  • Access to funds - Unlike certificates of deposit (CDs), which lock your money away for a set period, MMAs typically allow you to make a limited number of withdrawals or transfers each month. This flexibility means you can access your funds easily while still earning a competitive interest rate. Additionally, many money market accounts come with check-writing privileges and debit card access, providing even greater convenience for managing your finances. This combination of higher returns and accessibility makes MMAs an excellent option for an emergency fund or other short-term savings goals.
  • High level of safety - They are insured privately through American Share Insurance. This insurance provides peace of mind, knowing that your money is protected even in the unlikely event of a bank failure. In summary, money market accounts offer an appealing mix of higher interest rates, liquidity, and security, making them a valuable tool for anyone looking to grow their savings while maintaining easy access to their funds.

Do you currently have an account with WinSouth Credit Union?

*First three months of online bill pay are free; $5 monthly service charge thereafter.