Get yield and liquidity with a money market account
Did you know you can grow your savings faster with a Credit Union of Southern California (CU SoCal) Money Market Account? That’s right! Our money market account will make the most of your deposits by earning you higher tiered dividends while offering convenient access similar to a checking account.
What is a money market savings account?
A money market account is a type of savings account. Like a traditional savings account, a money market provides liquidity, meaning you have access to your money and can withdraw or add funds at any time. CU SoCal’s tiered interest rates provide different levels of earning power; the higher the account balance you maintain the more interest your account will earn. All money market accounts come with a minimum balance requirement.
What are the benefits of a CU SoCal Money Market Savings account?
The main benefits of a money market account are yield and liquidity. Yield, also know as annual percentage yield (APY), is the amount of interest that an account earns. Money market accounts pay a higher yield as an incentive for consumers.
Features of a CU SoCal Money Market Savings Account:
- No monthly fees
- Low $2,500 minimum opening balance
- Low $2,500 daily balance to earn competitive dividends
- Full suite of online and mobile services
- Easy-to-use online banking and mobile banking app
- Personal banking over the phone
- All CU SoCal Savings Accounts, including our money market accounts, are insured by the National Credit Union Administration (NCUA), to at least $250,000.
At CU SoCal, no monthly fees and free withdrawals mean enhanced earnings and convenient access to your money.
Opening a CU SoCal Money Market Account is quick and easy! Visit your local CU SoCal branch, open your account online, or call our Member Care Center at 866.287.6225.
