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Minimum balance may be required. 1. Money market accounts offer competitive APYs ... Yet a high-yield savings account can also be a great way to store your money, and you can avoid the minimum ...
Money Market Accounts: ... the State Employees' Credit Union (SECU) in North Carolina, and Pentagon Federal Credit Union ... waived minimum balance requirements, and other perks to help you easily ...
Money within a money market account is insured by the Federal Deposit Insurance Corporation or the National Credit Union Administration for up to $250,000 per person, per account.
A money market account (MMA) or money market deposit account (MMDA) is a deposit account that pays interest based on current interest rates in the money markets. [1] The interest rates paid are generally higher than those of savings accounts and transaction accounts; however, some banks will require higher minimum balances in money market accounts to avoid monthly fees and to earn interest.
State ECU (also known as State Employees Credit Union of New Mexico or SECU New Mexico) is a federal not-for-profit [2] credit union headquartered in Santa Fe, New Mexico. As of 2019, State ECU has $569 million in assets, over 48,000 members, and eight branches in the New Mexico . [ 3 ]
A money market fund (also called a money market mutual fund) is an open-end mutual fund that invests in short-term debt securities such as US Treasury bills and commercial paper. [1] Money market funds are managed with the goal of maintaining a highly stable asset value through liquid investments, while paying income to investors in the form of ...
UFB Direct offers a Premier Money Market account with a annual percentage yield on any balance. The average interest rate for savings accounts as of October was just 0.46%.
A State Employees' Credit Union branch in Hayesville, North Carolina. State Employees' Credit Union was originally incorporated on June 4, 1937 by employees of the State of North Carolina. The credit union began with $437 in assets and 17 members and was first operated from the basement of Raleigh's Agriculture Building. [6]