Money Markets
Make your money work as hard as you do.
Knock the dust off your savings and grow them with a Money Market Account. The perfect hybrid of checking and savings accounts that reward you for bigger investments, this is a great option for our savvy savers.
Money Market & Premium Money Market Rates
| Type | Dividend Rate | APY* | Balances | Dividends Compounded | Dividends Credited |
|---|---|---|---|---|---|
Type:
Money Market
|
Dividend Rate:
0.499%
| APY*:
0.50%
| Balances:
$100,000 +
|
Dividends Compounded:
Monthly
|
Dividends Credited:
Monthly
|
Type:
Money Market
|
Dividend Rate:
0.499%
| APY*:
0.50%
| Balances:
$75,000 - $99,999
|
Dividends Compounded:
Monthly
|
Dividends Credited:
Monthly
|
Type:
Money Market
|
Dividend Rate:
0.499%
| APY*:
0.50%
| Balances:
$50,000 - $74,999
|
Dividends Compounded:
Monthly
|
Dividends Credited:
Monthly
|
Type:
Money Market
|
Dividend Rate:
0.499%
| APY*:
0.50%
| Balances:
$25,000 - $49,999
|
Dividends Compounded:
Monthly
|
Dividends Credited:
Monthly
|
Type:
Money Market
|
Dividend Rate:
0.499%
| APY*:
0.50%
| Balances:
$10,000 - $24,999
|
Dividends Compounded:
Monthly
|
Dividends Credited:
Monthly
|
Type:
Money Market
|
Dividend Rate:
0.499%
| APY*:
0.50%
| Balances:
$2,500 - $9,999
|
Dividends Compounded:
Monthly
|
Dividends Credited:
Monthly
|
Type:
Premium Money Market (New Money Only)
|
Dividend Rate:
2.960%
| APY*:
3.00%
| Balances:
$250,000 or more
|
Dividends Compounded:
Monthly
|
Dividends Credited:
Monthly
|
Type:
Premium Money Market (New Money Only)
|
Dividend Rate:
1.737%
| APY*:
1.75%
| Balances:
$100,000 - $249,999.99
|
Dividends Compounded:
Monthly
|
Dividends Credited:
Monthly
|
Type:
Premium Money Market (New Money Only)
|
Dividend Rate:
1.491%
| APY*:
1.50%
| Balances:
$50,000 - $99,999
|
Dividends Compounded:
Monthly
|
Dividends Credited:
Monthly
|
Type:
Premium Money Market (New Money Only)
|
Dividend Rate:
1.243%
| APY*:
1.25%
| Balances:
$25,000 - $49,999
|
Dividends Compounded:
Monthly
|
Dividends Credited:
Monthly
|
Type:
Premium Money Market (New Money Only)
|
Dividend Rate:
1.000%
| APY*:
1.00%
| Balances:
$0 - $24,999
|
Dividends Compounded:
Monthly
|
Dividends Credited:
Monthly
|
*APY = Annual Percentage Yield. APY is accurate as of last dividend declaration date.
The Money Market Account has a $12 monthly service. The fee cycle for all accounts subject to the minimum daily balance requirement begins on the first day of the month and ends on the last day of the month. The minimum balance must be maintained in the account each day during the fee cycle to avoid the fee.
The Money Market is a tiered account. Dividend rates for a particular tier, as disclosed above, will apply to the entire account balance once the minimum daily balance reaches the balance range for that tier.
Fees may reduce earnings on the account. Rate may change after account opening.
Click the button below to see our Rate and Fee Disclosure.
Money Market 101
The Money Market account requires some solid cash to open, then rewards you handsomely with higher dividends and easy access to your money when you want it.
Welcome to the best of both worlds.
A great fit for multi-interest members ready to grow an investment, the Money Market account gets you more for your money while allowing limitless cash withdrawals at any branch. Additional deposits into the Money Market Account can happen at any time and be for any amount.
To open your own Money Market, all it takes is a minimum opening deposit of $2,500 to start building some savings you can really count on. For those ready to save more ambitiously, our Premium Money Market can be opened with a minimum deposit of $25,000. Earning our highest dividend rates, your loftiest goals will begin to take shape while your money remains accessible at all times.
Money Market Benefits
On the couch or on the go, keep your money close with our Mobile App and Online Banking.
Credit Unions around the world work together to make sure our members can use branches and ATMs everywhere — surcharge-free. Nice, right? Download our CO-OP app and plot your next getaway.
Money still doesn’t grow on trees, but Fortera savings accounts do collect dividends quarterly. (Dividends are extra earnings for all your hard-won savings.)
Our skilled experts are easy to reach and happy to help. For members and non-members alike, meetings and consultations are always free, so make the most of your money, on us.
With us, your money is always protected and insured by the National Credit Union Administration. You’re covered on all deposits up to $250,000, so save away.
Enjoy limitless (yep) cash withdrawals from any branch. Nothing like the smell of your own hard-saved green.
....Trees, space, and worry. Always enjoy access to 18 months worth of e-statements. Keep more trees, toss your file cabinet, and know your info is always safe and sound.
Or even a lot. Either way, we’re here. Call, text, or chat with our experts anytime you need a friend who knows all things Fortera.
Earn more!
Put your money to work and keep it within reach when you open a Money Market or Premium Money Market today.
Helpful Resources
Need a hand?
Who is eligible to open a Money Market Account?
To be able to open a Money Market, you must meet the following eligibility requirements: (1) You must be 18 years of age or older (2) You must live, work, worship, or attend school in one of our service regions; join an affiliated partner, or have an immediate family member who is a Fortera member. Our service regions include Montgomery, Stewart, Chester, Decatur, Lewis, McNairy, and Perry counties in Tennessee or Christian, Trigg, Todd, McLean, and Webster counties in Kentucky. Residents of other counties in Tennessee, Kentucky, Alabama, and Arkansas may also be eligible. (3) You must have a Share Savings Account to establish Fortera Credit Union Membership.
How much does it cost to open a Money Market Account?
It cost $2,500 to open a Money Market Account. $2,500 is the required account minimum balance.
Can I add additional deposits to the Money Market Account?
Yes! Deposits may be added at anytime in any amount.
It costs $25,000 to open a Premium Money Market Account. $25,000 is the required account minimum balance.
What are dividends and how do they work for the Money Market Account?
Dividends are extra money that your account earns just by being open and meeting our minimum account dividend earning value. The Money Market Account earns dividends monthly as long as your account has at least $2,500 deposited in it. It is just another way we like to say thank you to our members for trusting us with your hard-earned "dough". To learn more about what the current dividend rate is and our other savings accounts that earn dividends, please see our Rate and Fee Disclosure.
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