money Market Savings Account
Watch your money grow with a Radiant Credit Union Money Market Account. Earn higher dividends on balances over $10,000 while enjoying the flexibility and convenient access to your money.
Money Market Features:
- High yields on balances of $10,000 and above
- No monthly service fee
- Access funds online
- 4 balance levels with 4 interest rate levels
- Visa Debit Card access
Money Market Frequently Asked Questions
With a money market account, you’ll typically get a checkbook and/or debit card. You can write checks against the account’s balance or use the debit card to make purchases and withdraw money from ATMs.
Savings accounts typically don’t offer checkbooks and debit cards, meaning you have to withdraw money at a branch, or transfer funds to a checking account to access them.
Money market accounts are far more flexible, allowing deposits and withdrawals at any time, though with some limitations on the number of withdrawals you can make in a single statement period.
Both accounts come with debit cards and checkbooks that you can easily use to access your account’s balance.
Checking Accounts typically place no limit on the number of transactions you can make in a single statement period. With a Money Market Account, you’re typically limited to six withdrawals and transfers per statement, though some transactions, like in-person withdrawals, don’t count toward this limit.
So long as you have less than $250,000 in your covered accounts, the money in your Money Market Account is insured. If the credit union is unable to return the funds you’ve deposited, the NCUA will reimburse you for the amount lost..
If you keep your money in a checking account, you won’t earn a high rate of interest, but placing it in a savings account makes it harder to quickly access. With a Money Market Account, you can easily use a check or debit card to access your money while earning a reasonable rate of interest on the account’s balance.