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Money Market

Money Market Accounts

With competitive rates and more access than a Certificate account, Mission Fed’s Money Market accounts are designed for both short-term and longer-term savings needs, depending on your lifestyle and budget. Let us help you plan and prepare for your financial goals. 

Money Market

  • For savers who want liquidity with a better rate than a traditional savings account
  • Competitive dividends based on balance tiers
  • Minimum opening balance of $2,500

High-Yield Money Market

  • Best for savers who want to earn a higher dividend on accounts with larger balances
  • Higher dividends based on balance tiers
  • Minimum opening balance of $25,000

Open a Savings or Money Market Account Today

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Minimum Balance Dividend Rate APY
Special Rate Savings (Any Balance) 2.23% 2.25%
Standard Savings Account (Any Balance) 0.03% 0.03%
Money Market ($2,500 - $49,999) 0.03% 0.03%
Money Market ($50,000+) 0.05% 0.05%
High Yield Money Market ($0 - $49,999) 0.10% 0.10%
High Yield Money Market ($50,000 - $99,999) 0.20% 0.20%
High Yield Money Market ($100,000 - $224,999) 0.30% 0.30%
High Yield Money Market ($225,000+) 0.40% 0.40%

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 $1.00 or more required. Special Rate Savings account is available to qualified members only. Once the account is opened the APY is anticipated to remain in effect until 06/30/2024; however, program, rates, terms, and conditions are subject to change at any time without prior notice before or after account opening at our discretion. After 6/30/2024, the dividend rate and APY will revert to the standard savings account rate in effect at that time. Withdrawals and fees could reduce earnings. No minimum daily balance requirement or maximum balance cap. Special Rate Savings is not available for IRA accounts. If a 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 with in 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.

High Yield 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

Make Your Money Work Harder for You

Manage your finances, plan for a special purchase, or save for an unexpected event. Mission Fed offers you a smart place to put your savings. If you need to access the savings in your account, such as an emergency or other short-term need, you can easily access your Money Market funds. And to make it even easier to manage your savings, we have convenient Mobile or Online Banking or you can visit us at any branch.

Which Money Market Account Is Right For You? 

Money Market

If you typically maintain a balance of $2,500 to $25,000 in your Savings Account, you could earn a higher dividend rate with a Mission Fed Money Market Account. 

With a minimum balance of just $2,500, you can receive competitive dividend rates. These dividends are paid monthly and are calculated based on your daily balance. Just keep in mind that the rates on Money Market Accounts are variable and may change daily. 

If your balance drops below $2,500, your account won’t earn dividends, but there are no penalties or fees. Plus, there is no monthly fee for maintaining your Money Market Account.

High-Yield Money Market

If you’re a saver who is looking for a higher dividend rate and can commit to a higher minimum balance of $25,000, you’ll want to examine the benefits of our High Yield Money Market. The goal is to help you save, so if your average daily balance goes below $25,000, there will be a low $15 monthly fee; however, your account will still earn dividends, but at a lower rate.

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Ready to Start Saving? Open An Account Today

Make an appointment at one of our convenient branch locations. Choose a time that works for you.

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Disclosures

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

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.