Money Market

A money market account is an exceptional financial product that appeals to novice savers and seasoned investors alike. Here are a few of the benefits that make Money Market Accounts so appealing.

  • The same advantages of credit union membership as our other savings accounts.
  • A higher rate of return than basic savings accounts. Check our rates page to see exactly how much your cash will earn while in our care.
  • Relative liquidity. Sometimes, accounts with higher returns are associated with inflexible limitations on getting your cash in-hand. A money market account, however, is a rare combination of both substantive earnings and easy access. So if you need your money, you can get it.
  • Members can request checks to access funds in their Money Market account. There is a maximum of 6 checks or electronic transactions allowed per month.
  • NCUA backing. Rest assured, you can turn off the headline news and relax with your family knowing that your money is safe. Up to $250,000 is covered by the National Credit Union Association, just like every other deposit account at Coosa Valley Credit Union.
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Money Market Accounts do have limitations you should understand before investing. 

  • A minimum starting balance. To open a Premier Money Market account, you'll need to start with at least $1,000.
  • Fewer withdrawals allowed. If you know you will need to dip into your reserves from time to time, you may want to choose a different deposit account option.
  • Lower returns than some riskier portfolio options. If you're interested in a long-term investment vehicle with the highest possible yield, you may want to consider one of our individual retirement accounts.

Money market accounts offer a higher yield in exchange for fewer transactions per year. If you would like to discuss this option with us, let us know by calling a team member now. Together, we'll explore the unique-to-you benefits of a Money Market Account.