Money Market Savings

Grow your savings with these 3 types: High Yield, Premium and Ultimate.

Make your money go further.

With just a minimum deposit of $1,000, you can start earning dividends comparable to money market rates. Continue to grow your account with deposits of any amount. We offer three accounts: 

  • High Yield Money Market Savings. Minimum Balance $1,000
  • Premium Money Market Savings. Minimum Balance $75,000
  • Ultimate Money Market Savings. Minimum Balance $150,000 

Features & Benefits

  • 24/7 account access
  • Direct deposit/Auto transfer set up
  • Can be closed at any time without penalty

Rates

  • 0.75% APY*
    High Yield Money Market Savings • $1,000 Minimum Balance
  • 1.01% APY*
    Premium Money Market Savings • $75,000 Minimum Balance
  • 1.26% APY*
    Ultimate Money Market Savings • $150,000 Minimum Balance

*APY = Annual Percentage Yield. Savings dividends are compound daily and credited quarterly. Minimum Balance required to open an account and earn the posted APY. Please reference Share Accounts Information and Disclosure and/or contact a Credit Union employee for additional information. Rates and terms are subject to change at any time.

Why Money Market Savings ?

Start earning more with Hughes.

Easy Application Process

Easy Application Process

Skip the branch visit and apply online!
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Competitive Rates

Earn a higher dividend rate than a basic savings account.
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24/7 Access

Access your funds when you need.

FAQ

Money Market Savings Frequently Asked Questions

 Withdrawals made in-person are unlimited; however, electronic withdrawals made online or over the phone are limited to 6 per month per Regulation D.

No, but you can always transfer funds from your Money Market Savings online, over the phone, or in-person. 

Important: This account is subject to Regulation D, which limits the account to no more than 6 electronic transfers per month. Due to this limitation, we recommend the Daily Savings for Overdraft Protection since transfers are unlimited and/or a Line of Credit.  

All withdrawals must be for $500 or more

No, you can deposit any amount.

No, there is no penalty; however, dividends are credited quarterly so there could be a forfeiture of dividends if the account is closed prior to dividends being credited on January 1, April 1, July 1, and October 1.

Yes! Log into your Online Banking and under Services Menu, click to Open Account.

No, we do not issue checks on Money Market Savings accounts, but you can always transfer funds to your checking and then write a check.

Visit our application status portal to check the status of your application, upload documents, or send us questions or comments.