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Money Market
Filed under: Adults, Young Adults, Savings, Retirees
Have you checked out our Money Market account? The benefit of a Money Market account is to keep money accessible but still earn dividends at a higher rate than you would earn on regular savings. You also don't have to worry about early withdrawal penalties that you might have to pay on share certificates. Save for larger expenses at a rate closer to a share certificate without tying up your savings for a set amount of time.
A Money Market account lets you write up to three checks per month with a minimum of $250 per check. Use it to pay tuition, purchase airline tickets, buy a furnace, etc. The initial deposit to open a Money Market is $1,000 and the minimum balance is $1,000. Your first order of 25 checks is free. Money market rates are tiered, so the more you have on deposit the more you will earn.
