Money Market Accounts
Want a higher return on your money while enjoying easy access and the peace of mind that comes with federal deposit insurance? If so, our Money Market Accounts may be just what you're looking for.
| Account Details | Money Market Account | Smart-Saver Money Market Account | Investor's Choice Account |
|---|---|---|---|
| Minimum Balance Required | $1,000 | $10,000 | $25,000 |
| Rates |
0.15% (0.15% APY) |
2.23% (2.25% APY) |
2.71% (2.75% APY) |
| Dividends | Compounded daily and paid monthly | Compounded daily and paid monthly | Compounded daily and paid monthly |
| Payroll Deduction Deposits | Yes | Yes | Yes |
| IRA Options | Yes | Yes | Yes |
| Federally Insured | Yes | Yes | Yes |
At Central Credit Union Of Illinois, all of our money market accounts can be opened as traditional or Roth IRAs. For more information about IRAs, click here. Or, call Member Services at (708) 649-6410.
Saving is simple with direct deposit. Automatically deposit all or a portion of each paycheck into your Share Savings Account, and then schedule automatic transfers in online banking or mobile banking to make regular contributions to your Money Market Account. To sign up, complete a Direct Deposit Information And Authorization Form, and return it to your employer. Please also complete any additional forms required by your employer to begin this process.
Use our free online banking or mobile banking to conveniently manage your money. With either, you can check balances, verify deposits, transfer funds between accounts and financial institutions and more. With mobile banking, you can also deposit checks remotely using your mobile device.
Your savings are federally insured by the National Credit Union Administration, a U.S. Government agency.