Money Market Account
We want more for your money too.
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. All it takes is a minimum opening deposit of $2,500 to start building some savings you can really count on.
Money Market Account Rates
| Type | Dividend Rate | APY* | Balances | Dividends Compounded | Dividends Credited |
|---|---|---|---|---|---|
Type:
Money Market
|
Dividend Rate:
0.100%
| APY*:
0.10%
| Balances:
$2,500 - $9,999
|
Dividends Compounded:
Monthly
|
Dividends Credited:
Monthly
|
Type:
Money Market
|
Dividend Rate:
0.100%
| APY*:
0.10%
| Balances:
$10,000 - $24,999
|
Dividends Compounded:
Monthly
|
Dividends Credited:
Monthly
|
Type:
Money Market
|
Dividend Rate:
0.200%
| APY*:
0.20%
| Balances:
$25,000 - $49,999
|
Dividends Compounded:
Monthly
|
Dividends Credited:
Monthly
|
Type:
Money Market
|
Dividend Rate:
0.200%
| APY*:
0.20%
| Balances:
$50,000 - $74,999
|
Dividends Compounded:
Monthly
|
Dividends Credited:
Monthly
|
Type:
Money Market
|
Dividend Rate:
0.200%
| APY*:
0.20%
| Balances:
$75,000 - $99,999
|
Dividends Compounded:
Monthly
|
Dividends Credited:
Monthly
|
Type:
Money Market
|
Dividend Rate:
0.200%
| APY*:
0.20%
| Balances:
$100,000 +
|
Dividends Compounded:
Monthly
|
Dividends Credited:
Monthly
|
Transactions are limited to six (6) transfers or withdrawals during a monthly statement cycle to another account of the depositor at the same institution or to a third party by means of a preauthorized or automatic transfer, or telephonic (including data transmission) agreement, order or instruction, or by check, draft, debit card or similar order made by the depositor and payable to third parties.
The Money Market and Premium Money Market are tiered accounts. 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.
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.
Product Features
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.
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.
Members with this account are instantly signed up to receive our Market Updates Newsletter. An easy way to stay ahead and learn what's happening in the market in your inbox every month.
....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.
A Money Market Account is a savings account that is a hybrid between savings and checking accounts in that it earns higher dividends, like a savings, but allows members access to their funds easily by transfer or by check.
Yes! Deposits may be added at anytime in any amount.
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 Montgomery or Stewart counties in Tennessee or Christian, Trigg or Todd counties in Kentucky.
Yes, Money Markets do have minimum balance fee. If the account falls below the $2,500 minimum balance at any time during the month, the account holder must pay a $10 monthly fee. To avoid this, we recommend setting up Online Banking notifications so that you can regularly receive updates on your account balance.
To learn more about our rates and fees, check out our Rate and Fee Disclosure.
It cost $2,500 to open a Money Market Account. $2,500 is the required account minimum balance.
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 divideneds 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 heard earned "dough". To learn more about what the current dividened rate is and our other savings accounts that earn dividends, please see our Rate and Fee Disclosure.
You can open this account online or in-person. The choice is yours.
To verify your identity, we always ask that you come prepared with a government issued ID. It is important that it is not expired. Examples of acceptable IDs include a State Driver's License or a U.S or Foreign Passport. If we have trouble validating your ID, we may ask for a secondary ID. For children, we have a variety of other documents we can use to verify identities. These include social security cards, birth certificates, medicaid cards, and insurance cards. If you have a question about whether or not an ID can be used, just text us at 931.431.6800.
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