Money Market Accounts
Save More, Earn More with an MCU Money Market Account.
Earn higher dividends each time your balance reaches certain levels with an MCU Money Market Account. You'll get dividends compounded and credited monthly so you can earn more, faster.
Open an Account to Start Earning a Competitive APY* Right Away.
Saving for your dream vacation? Putting away money for retirement? Just need a basic savings account to keep your money in the best place possible? Earn up to 1.41% APY* with a money market account that racks up more dividends when your balance reaches certain levels.
Earn Up to 1.41% APY*
Start earning up to 1.41% APY* when you open a money market account at MCU with a minimum deposit of $2500. The more you add to your account, the closer you get to the next dividend rate.
Federally Insured by the NCUA
The National Credit Union Administration (NCUA) insures your deposits at MCU, so you can trust that your funds are safe. Your savings are federally insured to at least $250,000 by the full faith and credit of the United States Government.
Convenient Banking Locations
We’re not some out-of-town banking goliath—we’re in your communities, ready to help. We’ve got branches and ATMs all across New York City for easy account access, and our member success teams are here to support you through all of your financial milestones.
Liquid Savings Access
Write checks, make mail or branch withdrawals, and keep growing your nest egg at the same time. While traditional banks frown on customers for dipping into their savings, we think our members deserve flexible savings options that can be managed on their terms.
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.
All Your Banking, Accessible Anywhere
Manage all your accounts from anywhere and any device. The NYMCU online and mobile banking applications make it easy to manage your savings accounts, checking accounts or any other MCU banking product. Plus, it features helpful saving and budgeting tools to make sure your goals are met!
Make the Most of Your MCU Membership.
Membership in our community is about more than just banking. As an MCU member, you can access valuable information and resources to help you plan and reach your financial goals.
When Should You Take Social Security?
How To “Trick” Yourself Into Saving More
How Much Should You Save For Retirement?
Get Answers to Our Most Frequently Asked Questions.
Can I be sure that my deposits are safe?
Where can I find MCU branches and fee-free ATMs?
Are my deposits insured?
How are APY and dividend rates determined?
Who can I contact if I have questions about my account?
Hours: Monday - Friday: 7:00am -7:00pm
Saturday: 9 am - 2 pm
Greater New York City:
Outside New York City:
(800) 323- 6713
* APY = Annual Percentage Yield. The 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.
If your money market account’s average daily balance for a calendar month is less than $2,500.00, no dividend will be earned for that month and your account will be assessed a service charge (fee) of $5.00 at the beginning of the next month.
Rates and Terms are subject to change without notice. For more details, see our Rates page.