EFCU Money Market High Yield CD
At Everest Federal Credit Union, we know the value of helping you achieve your financial goals and making your money work smarter for you. That’s why we provide some of the most competitive Money Market CD rates available, offering rates as high as 5% APY!† Please note that transfers from existing EFCU deposit funds are not eligible for these special Money Market CD rates.
About Money Market Accounts
What’s money market account?
A money market account is a savings account offered by banks and credit unions that typically pays higher interest rates compared to regular savings accounts. It’s designed for people who want to earn more on their savings while still having easy access to their money. Money market accounts often require a higher minimum balance than regular savings accounts, and they may come with limitations on the number of withdrawals or transfers allowed each month. They’re considered low-risk investments because they are insured by the Federal Deposit Insurance Corporation (FDIC) or the National Credit Union Administration (NCUA), up to certain limits, making them a secure option for saving and growing your money.
Benefit of Everest FCU Money market
Money Market accounts let you enjoy benefits, like:
- No Transaction restrictions: Deposit or withdraw funds
when you need them without penalty, as long as minimummonths had been meet - Tiered rates – Earn more with higher dividend based on your average daily balance
- No Maintenance Fees – Enjoy your account benefits without fees
Benefit of Membership
Enjoy exclusive EFCU member benefits, like:
. Higher earning on deposits
. Lower rates on loans, we beat your marker rate
. Digital Banking from anywhere, 24/7
. Perks, Discounts, and free services only to our members
. Free financial eLearning for personal growth and wellness
. Free Business Growth Resources only to our business member
Disclaimer: minimum of $1K deposit is required for max CD rate