Rates
12 Month Certificate - 3.95% apy*
5 Year Bonus Certificate - up to 3.05% apy*
Money Market Rates -
up to 3.00% apy*
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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.
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
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? |
|---|
| 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.
