Skip to content
A daughter, celebrating her quinceanera, poses with her mom outside
Earn More. Access Anytime.

Grow Your Savings with a Money Market Account

Get Started

Money Market

When you’re saving for your next big move, every dollar counts. A Mission Fed Money Market Account gives you the best of both worlds — higher returns than a traditional savings account, with the flexibility to access your money whenever you need it.

Whether you’re building an emergency fund, saving for a big purchase, or just growing your financial cushion, a Mission Fed Money Market Account gives you the flexibility and earning power to make it happen.

Earn more on your balance

Watch your savings grow faster with competitive, tiered rates that reward you as your balance increases.

Access anytime, from anywhere

Transfer or withdraw funds 24/7 with Online and Mobile Banking, or visit a Mission Fed branch — your money’s always within reach.

Enjoy tiered earnings that grow with you

The more you save, the more you earn — with dividend rates that increase as your balance rises.

Save with peace of mind

Your deposits are federally insured by the NCUA up to $250,000, keeping your money safe and secure.

Get local support when you need it

Count on personalized guidance from real people who care about helping you make the most of your savings.

Money Market

Best for: Savers who want flexible access with steady growth

  • Minimum to open: $2,500
  • APY: 0.03%–0.05% (tiered by balance)
  • No monthly fee
Get Started

Ultra Money Market

Best for: Savers with larger balances looking to maximize earnings

  • Minimum to open: $25,000
  • APY: Up to 2.40% (tiered by balance)
  • Monthly fee: $15 if balance drops below $25,000
Get Started

Open a Savings or Money Market Account Today

Open an Account
Minimum Balance Dividend Rate APY
Standard Savings Account (Any Balance) 0.03% 0.03%
Special Rate Savings (Any Balance) 2.23% 2.25%
Money Market ($2,500 - $49,999) 0.03% 0.03%
Money Market ($50,000+) 0.05% 0.05%
Ultra Money Market ($25,000 - $99,999) 2.23% 2.25%
Ultra Money Market ($100,000 - $249,999) 2.23% 2.25%
Ultra Money Market ($250,000+) 2.37% 2.40%

Must meet membership and account criteria. Rate terms and conditions subject to change Programs, rate, terms and conditions subject to change without notice. APY = Annual Percentage Yield. APYs assume dividends will remain in the account. Withdrawals and fees may reduce earnings. Restrictions apply. 

Standard savings: No monthly fee or minimum balance requirements, other fees may apply. $1.00 or more initial opening deposit required. Limit 7 Standard Savings per member. 

Special Rate Savings: Minimum opening deposit of $1,000.00 or more required. Special Rate Savings account is available to qualified members only. Program, rates, terms, and conditions are subject to change at any time without prior notice. Withdrawals and fees could reduce earnings. No minimum daily balance requirement or maximum balance cap. Rate may change after account opening. Special Rate Savings is not available for IRA accounts. Special Rate Savings account cannot be opened via Mobile or Online Banking. If a consumer Special Rate Savings is funded by ACH, the funds are not available for immediate withdrawal within 60 days from the opening date. If you choose to withdraw from the account, the funds will be returned to the account that originated the ACH deposit (processing delays may apply). Additional non-ACH contributions may be made to the account within the first 60 days and are subject to standard availability. We reserve the right to limit the number of Special Rate Savings accounts that you may open at our discretion and without prior notice. Applicable fees may be found in our Consumer Fee Schedule. 

Special Rate Savings Additional Business Account Terms: Must meet membership and business account criteria. Special Rate Savings account cannot be opened via mobile or online banking. Applicable fees may be found in our Business Fee Schedule. 

Summer or Holiday Saver account: Summer Saver accounts mature on July 10th and Holiday Saver accounts mature on November 10th of each year. Monthly transfer from $20 – $500 per month set up at account opening are the only deposits allowed. Dividend penalties apply to early withdrawals. 

Youth savings requires: Accounts for minors under the age of 16 require a person of majority age (18 and older) to be joint on the account. Ages 16 & 17 with a valid government-issued ID do not require a parent / legal guardian joint signer. $1.00 or more initial opening deposit required. Minors aged 0-12 are eligible for the Mission 2 $ave program which earns 5% APY on the first $500 on deposit.

Money Market account: Average daily balance requirement of $2,500; no dividends are earned on balances less than $2,500.

Ultra Money Market: Minimum opening balance of $25,000. Account free with an average daily balance of $25,000 or more each month: otherwise, a $15 monthly fee applies. 

Dividend Rates & Disclosures

How it Works

  1. Open your account

    Online or at your nearest Mission Fed branch in minutes.

  2. Start saving

    Earn dividends immediately, with no waiting period.

  3. Grow your balance

    Watch your savings increase with tiered, competitive rates.

Which Money Market Account Is Right For You? 

A Money Market Account is a type of high-yield savings account that offers higher dividends than a regular savings account, while still giving you easy access to your funds. It’s an excellent savings strategy if you want to earn more on your balance without locking your money into a long-term certificate or investment.

Dividends on Mission Fed Money Market Accounts are calculated daily and paid monthly. That means each day, your balance earns dividends based on the current rate and your account tier. The more you save, the more you earn over time.

Because dividends compound daily, you’ll continue earning dividends not only on your original deposit but also on the dividends you’ve already earned — helping your money grow faster, naturally.

The key difference is earnings and flexibility.

  • Money Market Accounts offer higher dividend rates that increase with your balance
  • Savings Accounts are great for everyday saving but usually earn lower rates.

If you’re looking to grow your savings faster without giving up easy access, a Money Market Account could be a smart next step.

Mission Fed offers two options depending on your savings goals:

  • Money Market Account: Minimum opening balance of $2,500.
  • Ultra Money Market Account: Minimum opening balance of $25,000.

Both accounts offer tiered dividend rates, so as your balance increases, your earnings potential grows.

Absolutely. Your money is federally insured by the National Credit Union Administration (NCUA) up to $250,000 per individual depositor, so you can save confidently knowing your funds are protected.

You can withdraw, transfer, or manage your funds anytime through Mission Fed Online and Mobile Banking, or visit any of our branches across San Diego County. Your money is always within reach, no waiting periods, no penalties.

It’s easy to get started:

  • Money Market Accounts can be opened in-branch or by phone with the help of our member service team.
  • Ultra Money Market Accounts can be opened online, in-branch, or over the phone — whichever is most convenient for you.

Connect with the Mission Fed Team

Whether you’re exploring a Money Market Account or planning your savings strategy, the Mission Fed team is here for whatever’s next. We’ll help you understand your options and make the most of your money.

Get In Touch

Why Compound Interest Pays Off

Small deposits can grow faster than you think. Discover how compound interest makes your money earn more, automatically, and learn strategies to reach your financial goals faster.

Learn More

Disclosures

Federally insured by NCUA

Must meet membership and account criteria. APY=Annual Percentage Yield. All rates and yields are anticipated and variable, unless otherwise stated, and may be adjusted without prior notice. Withdrawals and fees may reduce principal and earnings. All rates, terms, services and conditions are subject to change without notice. Mobile and data rates apply to mobile banking.
Money Market account: Average daily balance requirement of $2,500; no dividends are earned on balances less than $2,500.
Ultra Money Market: Minimum opening balance of $25,000. Account free with an average daily balance of $25,000 or more each month: otherwise, a $15 monthly fee applies.