Money Market Accounts
Higher yields. Easy Access.
If you’re ready to grow your savings faster but still want easy access to your funds, a Money Market account is a great choice. You’ll earn higher dividends than a regular savings account without locking your money up like a CD.
What You’ll Love About Our Money Market Accounts
Start With $2,500 – Minimum opening balance is $2,500.
Earn Monthly Dividends – Competitive rates paid monthly on balances $1,500 and up.
Reward for Higher Balances – Tiered rates give you a boost when you save more.
Easy Access to Your Funds – Make withdrawals in person at our branch or a shared branch, or by writing up to 6 checks per month.
Convenient Deposits – Add to your account via direct deposit, mobile deposit, at our branch, or at any CO-OP Shared Branch.
Avoid Monthly Fees – Maintain a $2,500 average daily balance to waive the $10 service fee.
Safe and Secure – Deposits are federally insured by the NCUA.
Current Money Market Account Rates
| Tier Balance | APY** |
|---|---|
| $1,500.00–$4,999.99 | 0.001% |
| $5,000.00–$39,999.99 | 0.10% |
| $40,000.00+ | 0.50% |
**APY=Annual Percentage Yield. Money Market Account rates are effective as of May 1, 2023. Rates are variable and may change after the account is opened. All Savings Rates | Truth In Savings
Money Market FAQs
Do I have to be a member to open a Money Market?
Yes. Your membership with 1st UCU is required. If you’re not yet a member, we’ll open a savings account for you when you open your Money Market.
How many withdrawals can I make?
You can write up to 6 checks per month. Additional withdrawals can be made in person or by transfer but may be limited under federal regulations.
What happens if my balance drops below $2,500?
A $10 monthly service fee applies if your average daily balance is below $2,500.
When are dividends paid?
Dividends are calculated on your average daily balance and paid monthly.
Is my money safe?
Yes. Your deposits are federally insured by the NCUA up to $250,000.
Compare Your Options
| Feature | Money Market | Savings Account | Certificate of Deposit (CD) |
|---|---|---|---|
| Minimum to Open | $2,500 | $5 | $1,000 |
| Dividends Paid | Monthly | Quarterly | Monthly |
| Access to Funds | Anytime1 | Anytime | Locked until maturity2 |
| Rates | Higher, tiered rates | Competitive base rate | Highest fixed rate |
| Flexibility | Flexible (limited checks) | Most flexible | Fixed term & rate |
1 Transaction limits may apply. 2 Early withdrawal penalties may apply.
Ready to Open Your Money Market?
Start earning more on your savings today. Open your account today by stopping by the branch or giving us a call.
Want to grow your savings without locking it up? A Money Market account from 1st University Credit Union offers higher returns, easy access, and the confidence that comes with NCUA-insured deposits. With convenient ways to deposit and withdraw, plus competitive rates that reward higher balances, it’s a smart way to save with flexibility. Based in Waco, we proudly serve the Central Texas community, including McLennan, Erath, and Bosque counties.
Helping You Do Life — one smart save at a time.