Types of money market accounts
Ready to level up your savings?
We offer two types of money market accounts to help you reach your goals, big and small. Choose the best one for you based on where you are on your savings journey.
A great way to earn more on savings balances of $2,500 or more.
| Balance Tier | Dividend Rate | Annual Percentage Yield (APY)1 | Min. to Open | Min. to Earn |
|---|---|---|---|---|
| $100,000+ | 0.65% | 0.65% | $2,500 | $100,000 |
| $25,000 - $99,999.99 | 0.55% | 0.55% | $2,500 | $25,000 |
| $10,000 - $24,999.99 | 0.50% | 0.50% | $2,500 | $10,000 |
| $2,500 - $9,999.99 | 0.45% | 0.45% | $2,500 | $2,500 |
| up to $2,499.99 | 0.40% | 0.40% | $2,500 | $0.01 |
| Rates are effective as of 03/01/2023 and are subject to change without notice. 1Money Market Rates: Dividends and annual percentage yields (APY) accurate as of the last dividend declaration date. The dividend rate and annual percentage yield may change after account opening. Fees could reduce earnings on the account. Available to individual and small business member accounts only. Not available to investment companies and financial institutions. Maximum deposit limits may apply. |
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This is the ideal choice for savings balances of $50,000 or more.
| Balance Tier | Dividend Rate | Annual Percentage Yield (APY)1 | Min. to Open | Min. to Earn |
|---|---|---|---|---|
| $1,000,000+ | 2.42% | 2.45% | $50,000 | $1,000,000+ |
| $500,000 - $999,999.99 | 2.23% | 2.25% | $50,000 | $500,000 |
| $250,000 - $499,999.99 | 2.03% | 2.05% | $50,000 | $250,000 |
| $100,000 - $249,999.99 | 1.83% | 1.85% | $50,000 | $100,000 |
| $50,000 - $99,999.99 | 1.64% | 1.65% | $50,000 | $50,000 |
| up to $49,999.99 | 1.44% | 1.45% | $50,000 | $0.01 |
| Rates are effective as of 07/01/2023 and are subject to change without notice. 1High-Yield Savings: Dividends and annual percentage yields (APY) accurate as of the last dividend declaration date. $50,000 minimum balance to open and maintain the account. Rates may vary after account is opened. Minimum daily balance to earn must be maintained each day to obtain the disclosed APY. Dividends are calculated daily and credited and compounded monthly. Programs, rates, terms, and conditions are subject to change without notice. Fees may reduce earnings on account. Available to individuals, trusts, estates and small businesses. Not available to investment companies and financial institutions. Maximum deposits limits may apply. |
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The features
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*Minimum withdrawal $250. No penalties for withdrawals made in-branch.
How to open my account
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Frequently asked questions
Have questions? We have answers.
Our team of experts has answers to some of your most commonly asked questions. But if you’d rather talk to a human, you can give us a call at 800-373-7600, ext. 206 or drop us your info here and we’ll be in touch.
It can be! Money market accounts offer a safe place to grow your savings with easy access to your money.
Yes! At Dupaco, you can’t write checks from these accounts, but you can withdraw funds in person or online any time. There is a minimum withdrawal of $250. But there are no penalties for withdrawals made in-branch. Plus, you can transfer money online between accounts without penalty.
Money market accounts typically offer higher dividend rates (and higher minimum balances) than your average savings account. This can boost your money’s earning potential. The minimum balance requirements will help you determine which savings option is best for you.
Term-share certificates and money market accounts offer different benefits. Your financial goals and needs can help you determine whether a certificate, money market account or a combination of both could work best for you.
With certificates, you could earn above-average rates when you commit to saving for a fixed term of a few months or years. But if you think you’ll need the funds while they’re locked in the certificate, it might not be the right option for you.
Money market accounts offer more flexibility to access your funds when you need them. But you might earn slightly less with a lower dividend rate.
It depends on your needs and where you are on your savings journey. There’s typically a minimum balance for a money market account. At Dupaco, if you have at least $2,500 in savings, a money market account could help you earn even more. Curious just how much you could earn? Try our free Compound Interest Calculator to crunch the numbers!
Your deposits are federally insured for at least $250,000 by the National Credit Union Administration. Curious how your Dupaco accounts are insured? You can find out by calling our member service team at 800-373-7600, ext. 206.
There isn’t a one-size-fits-all answer. But money market accounts could be a great tool to help you set aside money for an emergency and save for your goals. You may even find that a combination of savings accounts with different minimum balance requirements and dividend rates could help you maximize your earnings. Want a one-on-one review of your savings strategy? A free Dupaco Money Makeover could help you ensure that your hard-earned money is working for you!
