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 — now with a new rate structure.

Basics of Money Market Accounts

Money Market Accounts are versatile savings accounts that earn interest and dividends and provide checking-like perks, including access to checks. Many people use Money Market Accounts to build up an emergency cash reserve, save up for a large purchase or just to hold their liquid savings assets at better rates compared to a Basic Savings Account. With a Money Market Account, you can:

Earn more as you save more with our tiered rate structure.
As you save higher balances, you’ll get a higher rate of return. As of January 2023, our rate tiers have changed to allow quicker access to better rates. (Check out current savings rates.)

Access your funds at any time.
With a Money Market Account, your money is always within your reach, so they’re a great place to save extra cash. You can make withdrawals or deposits at any time, transfer money into or out of the account, and use checks to access your money. Plus, manage your account easily from anywhere with Grow online and mobile banking.¹

FAQs About Money Market Accounts

Is my money safe in a Money Market Account?
Yes, your money is quite safe. Our accounts are federally insured by the NCUA up to $250, 000.

Do Money Market Accounts have a minimum balance requirement?
Some financial institutions do have minimum balance requirements, but at Grow, there is no minimum deposit required 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.

Should I open a Money Market Account or Certificate Account?
Both of these savings options have their advantages. Certificate Accounts usually have the best available rates. The main decision comes down to whether you need ready access to the funds. If so, stick with a Money Market Account. You’ll earn better rates compared to a Basic Savings Account, and you’ll be able to get your hands on your money whenever you need it. If you’re willing to set a chunk of money aside for a specific term while earning the best available rate, you may want to consider a Certificate Account.² You can lock in today’s competitive rates for a set term from six to 60 months and watch as your money grows. Certificate Accounts do come with early withdrawal penalties, so they aren’t designed to provide quick access to the funds. Learn more about Certificate Accounts.

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!

Become A Grow Member

Open A Money Market Account in Online Banking
Existing Grow Members

Grow Savings Accounts are subject to ChexSystems® approval.
¹Additional data charges may apply. Please see your wireless carrier for more information.
²A penalty will be imposed for early withdrawals.

---

Posted In:

• Savings Education