A Step up from Traditional Savings Accounts
Save more money for longer periods to earn more in the long run. Our Money Market Accounts boast some of the best rates at Ripco Credit Union — and better rates than most competitors.
Money Market Account Features
- Minimum amount to open: $10,000.00
- Minimum balance to maintain: $10,000.00
- Fees: none if minimum balance is maintained; $10.00 per month if under $10,000.00
- Dividends calculated from daily balance
- Minimum withdrawal amount: $500.00
- Maximum withdrawals: 6 per month
Other Money Market Account Benefits
FEDERAL REGULATION D Transaction Limitations:
During any month, you may not make more than six withdrawals or transfers to another credit union account of yours or to a third party by means of a preauthorized, automatic, or computer transfer; telephonic order or instruction; or similar order to a third party. If you exceed the transfer limitations set forth above, your account will be subject to closure by the credit union.
Fees and Charges:
For each withdrawal in excess of six during a month, in addition to being subject to closure, your account may be subject to a fee in an amount to be determined from time to time by the credit union. Also, your access to electronic services and overdraft protection may be temporarily or permanently suspended when transfer limitations are exceeded.