Earn Higher Rates With A COPFCU Money Market Account.
Open A Money Market Account Today.
A COPFCU Money Market Account is a great way to earn a higher rate of interest while maintaining access to your funds. Even better, because of its tiered balance structure, you’ll earn higher rates as your balance grows.
What is a money market account?
A Money Market Account is a type of savings account that pays much higher interest rates than a Primary or Secondary Savings Account. The funds held in the Money Market Account remain available to you at all times, unlike a Certificate which locks the funds for a specific period of time. Money Market Accounts are perfect for earning higher rates on the funds you’re saving for a home purchase, new car, wedding or other major purchase.
Benefits:
- Higher interest rates on balances of $2,000 or more
- Interest rates increase as your balance grows
- Easy access to your funds whenever you need them
- No time frame for maturity
- No penalty for early withdrawal
Money Market
Premier
Classic
Value
| Balance | APY* | Rate |
|---|---|---|
| $2,000 - $9,999.99 | 2.30% | 2.28% |
| $10,000 - $24,999.99 | 2.35% | 2.33% |
| $25,000 - $49,999.99 | 2.40% | 2.37% |
| $50,000 - $99,999.99 | 2.45% | 2.42% |
| $100,000 + | 2.50% | 2.47% |
| Balance | APY* | Rate |
|---|---|---|
| $2,000 - $9,999.99 | 2.20% | 2.18% |
| $10,000 - $24,999.99 | 2.25% | 2.23% |
| $25,000 - $49,999.99 | 2.30% | 2.28% |
| $50,000 - $99,999.99 | 2.35% | 2.33% |
| $100,000 + | 2.40% | 2.37% |
| Balance | APY* | Rate |
|---|---|---|
| $2,000 - $9,999.99 | 2.05% | 2.03% |
| $10,000 - $24,999.99 | 2.10% | 2.08% |
| $25,000 - $49,999.99 | 2.15% | 2.13% |
| $50,000 - $99,999.99 | 2.20% | 2.18% |
| $100,000 + | 2.25% | 2.23% |
FAQs
What is the minimum balance needed to open a Money Market?
The minimum balance to open a Money Market Account is $2,000.
Can my Money Market be used as a safety net for my Checking Account?
Yes, if you have a Checking Account your Money Market may be used to transfer funds to your Checking Account in the event of an unexpected overdraft. Update your Overdraft Protection now to set your Money Market as an overdraft source. A small fee applies for the transfer of funds, but this saves you from incurring an expensive NSF (insufficient funds) fee. Review the latest Fee Schedule for full details.
Why are there three sets of rates for the Money Market Account – Premier, Classic and Value?
COPFCU offers a loyalty program to our members called “Member Rewards.” Right now, Member Rewards is based on your combined savings and loan balances with the credit union. Rewards are as follows:
|
Rewards Level |
Rewards |
|
Premier $50,000+ in aggregate balances |
|
|
Classic $25,000 – $49,999.99 in aggregate balances |
|
|
Value Less than $25,000 in aggregate balances |
|