Money Market Accounts

Money Market

 

Put your money to work with a GLCU high yield money market account and earn up to 0.50% APY* plus earn up to an additional 1.00% APY* if you have a qualifying GLCU Free Checking Account

  • Federally secured by the NCUA up to $250,000
  • Banking for greater good – GLCU reinvests in its members and community
  • 24/7 online and mobile banking

View Rates

Free Checking + Money Market Additional APY Tiers

To learn more about GLCU Free Checking plus Money Market tiers visit www.glcu.org/newrates.

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Money Market

Money Market Accounts vs. Other Savings Account Options

Money Market vs. CD

When it comes to choosing between a Certificate of Deposit (CD) and a Money Market Account, it's all about understanding your financial needs.

CD's, which are referred to as "certificates" at credit unions, typically offer higher interest rates than Money Market Accounts. However, they require you to leave your money untouched for a specified period. If you anticipate needing to access your funds sooner, then a Money Market Account could be a better choice.

Money Market vs. High-Yield Savings

When you compare a money market account vs. a high yield savings account, both offer higher interest rates than regular savings accounts. The primary difference lies in access to your money.

A High-Yield Savings Account may require you to maintain a high minimum balance, and there could be restrictions on the number of transactions per month. Money Market Accounts, on the other hand, typically allow for more transactions and may provide check-writing privileges, offering an added level of convenience and flexibility.

Money Market

Money Market Benefits

Our Money Market Accounts come with a range of benefits designed to help you grow your savings:

  • Higher Interest Rates: Earn more on your savings with our competitive rates.
  • Easy Access to Funds: Enjoy the convenience of accessing your money when you need it.
  • Safe and Secure: Your funds are NCUA insured, providing peace of mind.
  • No Fixed Term: Unlike CDs, Money Market Accounts don't lock your money away for a set period.

Whether you're choosing between a CD vs. Money Market or a Money Market Account vs High Yield Savings Account, we're here to help. Visit a branch or give us a call at (800) 982-7850 and discover how we can help you meet your savings goals.

Money Market Rates

Money Market

Money Market

Tier1

Dividend RateAPY*How to Open
$0-$2,5000.000%0.00%

Get Started

$2,500-$9,9990.050%0.05%

Get Started

$10,000-$24,9990.100%0.10%

Get Started

$25,000-$49,9990.100%0.10%

Get Started

$50,000-$74,9990.150%0.15%

Get Started

$75,000-$99,9990.150%0.15%

Get Started

$100,000-$499,9990.200%0.20%

Get Started

$500,000-$999,9990.399%0.40%

Get Started

$1,000,000+0.499%0.50%

Get Started

 

FAQ's

Checking and Money Market Articles

* APY = Annual Percentage Yield. All dividend rates and APY may change at any time, as determined by GLCU Board of Directors. The APYs shown above assume that all principal and dividends remain on deposit for the entire term. Fees could reduce earnings on the above accounts.

1 A Minimum of $2,500.00 is required to open the account. You must maintain a minimum average daily balance of $2,500.00 to earn the above stated dividends.

 

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