Sonepco Federal Credit Union
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Money Market

Summary:

The Money Market Account is available to members who want a higher rate of return and liquidity of their money with check writing ability.  The minimum balance for this account is $2,500 and it offers limited check writing privileges.  The dividend structure is tiered according to the account balance. 

Product Features:

  • $2,500 minimum balance required
  • Account pays dividends monthly.  if the account balance falls below $2,500 the funds will earn the Regular Share savings rate for the period of time the balance falls below the minimum.
  • Dividends are tiered based on account balance.
  • 6 withdrawals per month including checks.
  • $500 minimum check or withdrawal amount
  • No ATM or debit card access
  • Direct Deposit or Payroll Deduction available.

Product Benefits:

  • Convenient.   Funds can be deposited via direct deposit, payroll deduction or automatic transfers.  Funds are accessible via branch, Touch Tone Teller or web site.
  • Smart.  Funds earn dividends but are still liquid and easy to access.
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