Money Market Accounts

Chesterfield Federal Credit Union offers a variety of Money Market accounts for members wanting to earn a higher rate on their balances. Choose from the following accounts. 

Money Market Checking
A Money Market Checking Account offers our members the opportunity to earn higher rates on their balances and have the convenience of writing checks on the account.

A minimum initial investment of $1000 is required. Rates are declared monthly.  Interest is paid monthly based on the average daily balance each month.

There can be up to six withdrawals out of the account per month. After that, there is a fee of $5 each.

The Money Market Checking Account cannot be pledged as collateral for loans from the Credit Union.  Some restrictions apply; please refer to the Truth in Savings Disclosure and Account Agreement.

Fees
$5.00 per withdrawal in excess of 6 per month.
$5.00 if balance falls below $500.00 anytime during the month.
NSF Fee - $29.00

Money Market Savings
Perfect for members looking to earn a little extra on their deposits, our Money Market Savings account earns a higher dividend, with limited access. Member may make one withdrawal per calendar month. Additional withdrawals will be assessed a fee.

Fees
$5.00 per withdrawal in excess of one (1) per month.

 

TERMS & CONDITIONS
¹Annual Percentage Yield     ² To open account
All savings accounts are variable rate and as such,
rates are subject to change at any time without prior notice.
The APY is accurate as of 10/1/2010.
Fees or other conditions may reduce earnings.
Please consult a credit union employee for more information.