Money Market Savings
Keep balances of $10,000, $20,000 or more to earn some of the best rates we offer.
Open a Money Market today! Two easy ways:
- Call our Member Service Department
- Mail a deposit and account change form
High rates. Easy Access. Secure.
A Dominion money market savings account gives you the flexibility you need and the high rate you want, without tying up your funds. You can relax knowing your funds are federally insured to at least $250,000 by the National Credit Union Administration.
We have two accounts to choose from:
Wealth Maximizer Money Market Savings
Our Wealth Maximizer account let’s your money grow fast by giving you one of the best rates we offer when you keep an average daily balance of $20,000.
Wealth Builder Money Market Savings
Our Wealth Builder Money Market Savings let’s your savings work harder for you while still being available for easy withdrawal. This account is ideal for members who keep balances of $10,000 - $19,999.
With both options, you’ll enjoy:
- Highly competitive rates
- No minimum balance fees
- No monthly service charges
- 24 hour account access and transfers
- Withdrawals using Online Banking, Private Teller automated phone service, ATM and debit cards, branches, and our Member Service Call Center
Pay yourself first!
With automatic deposits by payroll deduction or transfer, you can build your savings the easy way.
Savings (Current as of: Jul 30, 2010)
| Type | Tiers | Annual Percentage Yield (APY) | Compounded |
|---|---|---|---|
| Wealth Maximizer Money Market Savings | $20,000 and up | 1.10% | Monthly |
| $100-$19,999 | .50% | Monthly | |
| Wealth Builder Money Market Savings | $20,000 and up | 1.00% | Monthly |
| $10,000-$19,999 | .90% | Monthly | |
| $100-$9,999 | .50% | Monthly | |
| Savings Account | $5,000 and up | .75% | Quarterly |
| $1,000-$4,999.99 | .65% | Quarterly | |
| $100-$999.99 | .50% | Quarterly | |
| Christmas Club | .25% | Monthly |
Wealth Maximizer and Wealth Builder Money Market Savings: Rates will be effective for the month of July, 2010.
Savings Account: Dividends were paid to accounts on record as of June 30, 2010.
Christmas Club: A $20 penalty is imposed if club is closed or payroll deduction is reduced before November 1 maturity.
All: A $15 fee will incur if more than six electronic withdrawals are made per month.
Applicable to Wealth Builder, Wealth Maximizer and Basic Savings Accounts: Minimum average balance to earn an APY is $100.00. Dividends calculated on average daily balance.
