Money Market

A money market account is a type of savings account that typically offers higher interest rates with a minimum deposit. It combines features of savings and checking accounts, allowing limited check-writing abilities.

Yes, your deposits are insured by the National Credit Union Administration (NCUA) up to $250,000, providing a safe place to grow your savings.

The minimum balance required to open and maintain a money market account will vary depending upon the account. For example, Altana has a Money Market with a minimum balance of $25,000.

There are no monthly maintenance fees for our money market accounts, provided you maintain the minimum balance. However, there may be fees for exceeding the maximum number of transactions per month or for other specific services.

In accordance with federal regulations, you can make up to six withdrawals or transfers per month from your money market account without incurring any fees. This limit includes checks, debit card transactions, and online transfers. Exceeding this limit may result in fees or account restrictions.