Money Market Accounts |
| A money market account is a type of savings account that offers a higher dividend rate than a regular savings account because a minimum balance is required. The funds can be liquidated at any time without risk of loss or penalty. The funds are not invested in the stock market. The funds are federally insured. |
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A $1,000 minimum balance earns higher dividend rates based on current market conditions. Money Market accounts:
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Have a tiered dividend structure, so you'll earn more as your balance grows. |
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Pay monthly dividends, rates may be subject to change monthly. |
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Offer higher yields with liquidity. |
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Allows you to make an unlimited number of deposits. |
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Can provide overdraft protection to your checking account, however, there is a maximum of six withdrawals/transfers from your money market account per month. |
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| Open a Money Market Account |
| If you are currently a First Credit Union member and would like to add a money market account: |
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Visit any branch or call 480-831-2645, toll free 800-732-6986 to complete your money market account application. |
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You will need a minimum $1,000 deposit. |
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| How to Join First Credit Union |
| You may submit an online application or complete a printed application and take or mail it to the nearest First Credit Union branch. With your application you must: |
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Include a minimum $5 deposit. Provide a copy of your driver's license and a secondary form of identification. |
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You may also open your account by arranging for a payroll deduction, net pay deposit, or a direct deposit through your payroll department. |
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