Money Market Accounts
Enjoy higher returns and access your funds when you need them.
Maximize your savings with a CACL Financial Money Market Account! With a low minimum deposit requirement, easy access to your funds, and tiered rates that reward higher balances, it’s the perfect way to grow your savings while keeping your money within reach.
![A woman smiles looking at her smartphone and seeing her credit union money market account balance grow.](../images/ads/money-market-1.jpeg)
Smarter Savings, Higher Returns
Competitive Interest Rates | |||
Tiered rates reward you as your balance grows. The more you save, the more you earn! |
Online & Mobile Banking | ||||
Easily manage your account, transfer funds, and track your balance online or with your mobile device. |
Peace of Mind | ||||
Accounts are insured by the National Credit Union Administration (NCUA) for up to $250,000. |
Key Features of a CACL Financial
Money Market Accounts
- $2,000 minimum daily balance required to earn the stated APY
- Dividends credited monthly
- Three free withdrawals or transfers per month
- Interest rates are tiered — higher balances have higher rates
- Easily make transfers online and through mobile banking
![A young couple lay in a hammock together at their campsite](../images/ads/money-market-2.jpeg)
Money Market Rates
Effective as of 08/13/2024
Deposit Amount | APR* | APY* |
---|---|---|
$0 - $1.999.99 | 0% | 0% |
$2,000 - $19,999.99 | 1.98% | 2.00% |
$20,000 - $74,999.99 | 2.72% | 2.75% |
$75,000+ | 2.96% | 3.00% |
*APR (Annual Percentage Rate)
**APY = Annual Percentage Yield
Money Market Accounts require a minimum balance of $2,000.00 to earn the stated Annual Percentage Yield.
How to Open the CACL Financial Money Market Account
Open the door to smarter banking! Become a member and open a money market account in three simple steps:
Become a Member | |||
Step 1 | Visit a branch or complete the online application. You're eligible to join if you work, live, worship, or attend school in Schuylkill County. |
OPEN A MEMBER SAVINGS ACCOUNT | |||
Step 2 | Make a $5 deposit into a member savings account. This account is required for all members of CACL Financial. |
CONTACT THE CU TO TALK TO A REPRESENTATIVE | |||
Step 3 | Contact us to open a money market account after opening your member savings account. The representative will assist you in completing the process. |
Testimonials
"I love my little credit union and am grateful to have such a partner looking out for my financial health."
- Chrissy S.
“The RATES are amazing and they are just FAIR with everyone.”
- Douglas M.
“I love CACL!!! Friendly, understanding and willing to help.”
- Donna R.
Money Market Account FAQs
How does a money market account work? |
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A CACL Financial Money Market Account has higher interest rates than other savings options and allows you to make up to three free withdrawals or transfers per month. There is a fee for each additional withdrawal or transfer. |
What is the minimum balance for a money market account? |
The minimum balance requirement for a CACL Financial Money Market Account is only $2,000 to earn the stated APY. |
How does a money market account differ from a savings account? |
Money market accounts usually have higher interest rates, require a higher minimum balance, and permit fewer monthly withdrawals or transfers than savings accounts.. |
Are money market accounts insured? |
Yes, credit union money market accounts are insured by the National Credit Union Administration (NCUA) for up to $250,000. |
Is a money market account a good option for long-term savings? |
Yes, because money market accounts earn higher interest rates than other savings options, they are ideal for long-term savings. You also have access to your funds. Unlike a CD or share certificate, you don’t have to wait for the maturity date to make withdrawals or transfers. |
Why Wait? Join Today!
Don't let opportunities pass you by. Take advantage of our Money Market Account to earn a higher interest rate on your savings while enjoying easy access to your funds. Become a member now and experience the benefits of banking with CACL Financial.
Still Have Questions?
Reach out to us at questions@caclfcu.org or call us at 570-628-2400 for personalized assistance.