Money Market | Municipal Credit Union

The more you save, the more you’ll earn!

Putting away money for retirement? Just need a basic savings account to keep your money in the best place possible?

Earn up to 2.02% APY* with a money market account that racks up more dividends when your balance reaches certain levels.

*APY = Annual Percentage Yield.
**Co-Op Network surcharge-free ATMs must show CO-OP ATM logo. ATM transactions made outside of MCU ATM network or CO-OP ATM Network may be subject to fees. Please visit our online ATM Locator for a list of surcharge-free ATMs.

Features & Benefits

No monthly maintenance fees
Higher dividends on higher balances
24/7 access
Manage your funds online, at over 30,000 fee-free ATMs, or write a check
No Minimum Opening Amount Required

Today's Rates

Money Market Accounts

$100,000 and Over

up to

2.02 %

_APY⁽¹⁾

Money Market Accounts

$50,000 - $99,999.99

up to

1.76 %

_APY⁽¹⁾

Money Market Accounts

$25,000 - $49,999.99

up to

1.51 %

_APY⁽¹⁾

Money Market Accounts

$10,000 - $24,999.99

up to

0.90 %

_APY⁽¹⁾

Money Market Accounts

$0 - $9,999.99

up to

0.65 %

_APY⁽¹⁾

APY = Annual Percentage Yield (OPEN TO READ MORE)

¹The disclosed Dividend Rates and Annual Percentage Yields are accurate as of the last dividend declaration date. These are variable rate accounts and the rate may change after the account is opened. Fees and other conditions could reduce earnings.

Get Rewarded for Growing Your Nest Egg in an MCU Money Market Account.

Combine all the benefits of a high-yield savings account with the flexibility of easy withdrawals and check writing.

Unlike most long-term savings options that don’t allow you to touch your balance while you save, a money market account lets you make deposits (and withdrawals) as you’re able—rewarding you with more dividends for each savings tier you reach.

Banking That’s Always by Your Side

Digital Banking and the NYMCU Mobile Banking App make it easy to achieve your financial goals with helpful tools. With easy-to-use features, you can ensure your goals are met while managing your finances conveniently from anywhere.

Download the Mobile Banking App

No Matter Where You Are in Life, We’re Right There with You.

At MCU, we believe that a credit union should be a lifelong source of financial education and support—from planning for college to saving for retirement and everything in between.

That’s why we have specialized recommendations for products and services designed to help you meet your goals (both short-term and down the road), based on your changing needs and priorities.

Ready to Join the MCU Community?

Apply now to get access to the competitive rates, personal banking products, and educational resources you need to create a foundation for an exceptional financial future.

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Learn More About Membership

FAQs

Can I be sure that my deposits are safe?

The National Credit Union Administration (NCUA) insures MCU deposits, so you can trust that your funds are safe. The NCUA is an independent federal agency that insures deposits at federally insured credit unions, protects the members who own credit unions, and charters and regulates federal credit unions. Your savings are federally insured to at least $250,000 by the full faith and credit of the United States Government. Additionally, the Bankruptcy Abuse Prevention and Consumer Protection Act (BAPCPA) provides federal production to IRAs up to $1 million (some restrictions may apply depending on roll-over status and uniquely unqualified accounts).

Are my savings insured?

The National Credit Union Administration (NCUA) insures MCU so you can trust that your funds are safe. The NCUA is an independent federal agency that insures deposits at federally insured credit unions, protects the members who own credit unions, and charters and regulates federal credit unions. Your savings are federally insured to at least $250,000 and backed by the full faith and credit of the United States Government.

How are APY and dividend rates determined?

While many factors influence APY rates, the biggest contributing factor is the Federal Reserve (A.K.A. "the Fed"). When the Fed raises or lowers interest rates it affects the entire US financial ecosystem. APYs on products like student loans, credit cards, mortgages and savings accounts are also impacted by such rate changes.

How do I know which savings product is best suited for my needs?

Our member services team would be happy to set you up with an account that meets your needs! Please reach out to speak with one of our member service experts today.

Am I eligible to become an MCU member?

You may be! We welcome members from all over New York. For more details, please visit https://www.nymcu.org/join/becoming-a-member.

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