High Yield Money Market
Looking for a boost? With a High Yield Money Market account, let your money bring you to new heights with our higher dividend rates and attentive member care.
Rates as high as
4.25% APY1
- New money only2
- No monthly maintenance fees
- $500 minimum balance (to earn dividends)
- Federally insured up to $250,000 by the NCUA
High Yield Money Market Account
Effective Date: Thursday, November 21st, 2024
| Account Type | Minimum Daily Balance to Earn | New Money Only 2 | Dividend Rate | APY** |
|---|---|---|---|---|
| High Yield Money Market | $10,000.00 | Yes | 4.16% | 4.25% |
| High Yield Money Market | $500.00 | Yes | 0.05% | 0.05% |
1APY=Annual Percentage Yield. A $5.00 balance is required to open a Savings Account, which is required for membership at MIT Federal Credit Union. To earn a dividend, you must maintain the Minimum Daily Balance listed above. No dividend will be paid on days when the balance falls below the required minimum. The rate may change after account opening. Fees could reduce earnings on the account.
2“New Money” is considered funds not currently on deposit at MIT Federal Credit Union.
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