You’ve got a lot of options when it comes to savings accounts. If you’re looking to earn one of our most competitive rates while maintaining quick access to your money when you need it, check out our Money Market Account.

Fast facts about Money Market Accounts

A Money Market Account is a versatile account that combines features of a checking account with a savings account. Open a Money Market Account to:

• Enjoy higher dividends with no minimum balance. Earn higher rates compared to a Basic Savings Account, with no early withdrawal penalties and no minimum balance to start earning. Find out how much you can earn using our Money Market Calculator.

• Access your funds at any time. Your money is always within reach. Make withdrawals or deposits, transfer money into or out of your account and pay with checks. Plus, manage your account easily from anywhere with Grow Online and Mobile Banking.^*
• Earn more as you save more with our tiered rate structure. You’ll get a higher rate of return as you reach higher balances. (Check out current savings rates)

Use a Money Market Account to build up an emergency cash reserve, save for a large purchase or hold your liquid assets at better rates than a Basic Savings Account. The choice is yours!

Frequently asked questions

Is my money safe in a Money Market Account?
Yes, your money is quite safe. Money Market Accounts and other savings accounts are federally insured by the NCUA up to $250,000. Sometimes the word “market” confuses people, since it can imply a connection to the stock market, but Money Market Accounts are zero-risk and have nothing to do with the stock market.

Should I choose a Money Market Account or a Certificate Account?
Both options have advantages. The decision comes down to whether you need easy access to your funds. If so, stick with a Money Market Account. You’ll earn better rates compared to a Basic Savings Account, and you can still access your money whenever you need it.

If you’re willing to set money aside for a specific period and want to maximize your earnings, consider a Certificate Account, which typically offers the most competitive dividends but comes with early withdrawal penalties. You can lock in today’s competitive rates for a set term, from six to 60 months, and watch as your money grows.

Do Money Market Accounts have a minimum balance requirement?
Many financial institutions have minimum balance requirements for Money Market Accounts. Grow Financial does not require a minimum deposit to open or maintain a Money Market Account. Anyone can start earning dividends on any balance, and you’ll earn more as you save more.

Ready to start earning more?

Better rates, easy access to your funds and no minimum balance required. What’s stopping you from earning more? Open your Money Market Account today!

Open a Money Market Account

Open A Money Market Account in Online Banking
Existing Grow Members

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Posted In: Savings