Money Market Savings Options
Earn more while keeping your money accessible.
Save smarter with a flexible account
Money market accounts offer higher interest rates than traditional savings accounts, with easy access to your funds. It’s the perfect balance for growing your savings securely.
Benefits of a Marine Money Market Account
Earn more as you save more
Take advantage of tiered interest rates that reward higher balances with better returns — all without long-term commitments.
Flexibility
Enjoy the freedom to make withdrawals or transfers when you need to, giving you easy access to your savings when you need it.
Accessible growth
Combine higher earning potential with the convenience of readily available funds, so your savings can work harder while staying within reach.
Money Market FAQs
Have a question? We’re here to help.
There are two primary differences between a share certificate and a money market: accessibility and earnings. A share certificate doesn’t allow access to your deposited funds during the certificate’s set term (and you might pay a penalty for early withdrawal). A money market, on the other hand, offers greater liquidity and accessibility to your deposited funds. When it comes to interest rates, a share certificate offers a fixed rate based on a set term, regardless of the certificate amount. A money market provides tiered interest based on balance rather than term—the more you deposit, the more you earn.
There is no minimum balance required to open a money market account. However, a balance of at least $2,000 is required to start earning interest. Below this amount, your funds are secure, but no dividends are paid.
Our money markets have no monthly maintenance fees, so you can focus on growing your savings without worrying about hidden costs.
Money market accounts aren’t intended for everyday use, and you may encounter a penalty for exceeding six withdrawals or transfers per month. A money market is a smart choice if you want to earn a higher rate of return than a traditional savings account and only need occasional access to the funds.
If you open a money market with a promotional rate, your account will revert to the standard rate for your balance tier when the promotional period ends.
Money Market Special Rates.
See all of our rates.
|
Term |
Minimum Balance to Earn Dividends |
Nominal Dividend Rate |
APY6 |
|---|---|---|---|
|
5APY shown is accurate as of 5/8/23. Minimum opening deposit $10,000. Promotional rate effective for 10 months from opening date of new Money Market account. Rate may change after account is opened. Please see your Truth in Savings schedule for rate information after the 10-month introductory period. Fees could reduce the earnings on the account for maintenance and activity fees. |
|||
|
Term 10-month |
Minimum Balance to Earn Dividends $10,000 |
Nominal Dividend Rate 2.96% |
APY6 3.00% |