Why open a money market account with Elevations?
- Competitive money market rates: Earn more than a traditional savings account with rates that grow alongside your balance.
- Flexible access: Enjoy check writing and easy transfers without sacrificing earning potential.
- Higher returns, lower risk: A money market account is a smart, secure place to park your savings with NCUA insurance and no market exposure.
- No monthly maintenance fees: Always keep more of what you earn with a money market account that never charges hidden fees.
- Member first service: Benefit from the personalized support and trusted service Elevations Credit Union is known for.
Money Market Options
| Account/Amount | Dividend Rate | APY^ |
|---|---|---|
| Money Market Savings Accounts | ||
Account/AmountSelect - ($25,000 and up) |
Dividend Rate1.00% |
APY^1.00% |
Account/AmountPremier - ($50,000 and up) |
Dividend Rate1.49% |
APY^1.50% |
Account/AmountJumbo - ($100,000 and up) |
Dividend Rate1.98% |
APY^2.00% |
| Flex Tier Money Market | ||
Account/Amount$0 - $1,999.99 |
Dividend Rate0.10% |
APY^0.10% |
Account/Amount$2,000 - $9,999.99 |
Dividend Rate0.25% |
APY^0.25% |
Account/Amount$10,000 - $24,999.99 |
Dividend Rate1.00% |
APY^1.00% |
Account/Amount$25,000 - $49,999.99 |
Dividend Rate1.98% |
APY^2.00% |
Account/Amount$50,000 - $74,999.99 |
Dividend Rate1.98% |
APY^2.00% |
Account/Amount$75,000 - $99,999.99 |
Dividend Rate1.98% |
APY^2.00% |
Account/Amount$100,000 - $199,999.99 |
Dividend Rate1.98% |
APY^2.00% |
Account/Amount$200,000 and up |
Dividend Rate2.96% |
APY^3.00% |
Grow your savings with a money market account
Open a money market account today and enjoy higher earnings with the peace of mind of credit union membership.
Commonly Asked Questions
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A money market account offers rates that are often higher than traditional savings while still allowing limited access to your funds. It’s a great option for members who want to earn more on their savings without locking their money away in a long-term certificate.
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While both accounts help you grow your savings, a money market account typically offers higher interest rates, especially for larger balances. Additionally, there are no limitations on withdrawals or transfer activity compared to a basic savings account. It’s ideal for those who want better returns with some flexibility.
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If your minimum balance falls below the required amount for the FlexTier Money Market account, your account will not earn interest. If your minimum balance falls below the required amount for the Select, Premier, or Jumbo Money Market account, your account will earn the Membership Savings account rate.
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Access your account to make deposits and withdrawals online using Elevations Digital Banking, or reach us by secure online chat, or email. You may also contact us by phone, visit an Elevations branch, or stop by a CO-OP shared branch to make transactions.
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The FlexTier Money Market account features automatic movement of your funds into the next interest rate tier. If you have a Select, Premier, or Jumbo Money Market account, you will need to contact us to request moving your funds into a different type of account in order to maximize your rate.
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Our money market rates are tiered and vary based on your balance. To view the most up to date rates, please visit our money market rates page or contact a representative. We’re happy to help you find the best option based on your savings goals.
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Yes. Money market accounts at Elevations Credit Union are insured by the National Credit Union Administration (NCUA) up to the applicable limits, providing you with secure and protected savings.
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You do not need to keep a minimum balance to maintain your money market account. However, to earn the advertised dividend rate, you’ll need to maintain a minimum balance. If your balance falls below the minimum amount, you’ll still earn dividends, just at a lower rate.
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Opening a money market account is easy. You can start the process online, visit a branch, or speak with a team member who will help guide you through your options and the application steps.
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You’ll have full access to your money market account through online and mobile banking, making it easy to transfer funds, view balances, and manage your savings any time. However, debit cards are not issued for money market accounts at Elevations.
More ways we can help you
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Financial Planning
Advice on saving for retirement, education, and more
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Certificate Accounts
Choose the 4-Month Flex Certificate at 3.50% APY*. It’s a low-risk way to put your money to work.
*No early withdrawal penalty charged after seven business days
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Membership Savings Account
We make it simple and straightforward to save for your goals.
How can we help you?
Give us a call at (800) 429-7626 | Routing #307074580
Membership eligibility and one-time $5 membership fee required at account opening
*Annual percentage rate
^Annual percentage yield
**All credit union loan programs, rates, terms and conditions are subject to change at any time without notice. Rate shown as low as for qualified borrowers. Rate may change dependent on credit qualifications and underwriting factors. Please speak with an Elevations representative for more information. Offers of credit are subject to membership requirements and credit approval.