Money Market Accounts

A money market account is a type of savings account that typically offers higher interest rates than regular savings accounts while still allowing limited access to your funds through withdrawals or transfers. Money market accounts usually offer higher dividends and may have tiered rates based on your balance. Money market benefits often include check-writing or debit card access with certain limitations.

You can open a Call Federal Money Market Account with a deposit of at least $1,000. Thereafter, you can keep as much as you want in your account, and you will earn interest at successively higher tiered rates for balances above $1,000.

Many Money Market Accounts offer check-writing privileges, although these are subject to transaction limits, including the number of withdrawals you can make each month. Call Federal offers three free-of-charge written checks per month.

The minimum to open a Call Federal Money Market Account is $1,000.00. This is also the minimum account balance required to earn interest.

Interest is compounded and credited monthly, helping your balance grow faster.

Call Federal does not charge a monthly maintenance fee on its money market accounts.

Yes, while withdrawals are limited to six per month, you can access your funds via online banking, transfers, or by visiting a branch.

Money market accounts at most banks and credit unions are insured by the federal government in the same way as regular savings accounts, certificates of deposit (CDs), and other deposit accounts. Your money is insured up to $250,000 per account by the National Credit Union Administration (NCUA) in the case of credit unions like Call Federal.