Money Market Account
Earn More as You Save More.
A convenient and flexible account designed to help you earn more on your savings. As your balance grows, you can earn higher dividend rates!
Why choose an NTFCU Money Market account?
No monthly fees
Dividends calculated daily and paid monthly
24/7 mobile account access
Federally insured by the NCUA up to $250,000
| Minimum Daily Balance* | Rate** |
|---|---|
| up to $500 | 0.0% |
| up to $2,500 | 2.5% |
| up to $5,000 | 2.8% |
| up t0 $10,000 | 3.0% |
| up to $25,000 | 3.5% |
| up to $250,000 | 4.0% |
*A minimum opening deposit of $5 is required for Share Account with Neighborhood Trust Federal Credit Union. MMA can only be funded with external deposits or direct deposits.
**Maintain the Minimum Daily Balance as indicated to earn dividends on the Money Market Account. No dividend will be paid on days when the balance falls below the required minimum. These rates are subject to change and may change after account opening. Maintenance fees may occur if below minimum threshold. Fees could reduce earnings on the account.
Frequently Asked Questions
1. What is a Money Market Account?
A Money Market Account is a savings account with flexible spending that helps you earning higher dividends.
2. How is a Money Market Account different from a regular savings account?
Money Market Accounts typically offer higher dividend rates as your balance increases, while keeping your money accessible.
3. How much can I earn?
You can earn up to 4.07% APY* depending on your account balance.
5. How are dividends calculated?
Dividends are calculated daily based on your account balance and paid monthly.
6. Is there a minimum balance to open an account?
There is no minimum opening deposit required.
7. Are there monthly fees?
There are no monthly maintenance fees for the Money Market Account.
8. Can I withdraw money when I need it?
You can withdraw up to 4 times per month for free, with no limit on how much you can withdraw. Additional withdrawls are $1.50 each.
9. Can I add more money after opening the account?
You can continue adding eligible funds to your account after opening it.
10. Can I access my account online?
You can manage your account through Online and Mobile Banking, giving you convenient access to your money.
11. What does "new deposit only" mean?
The account must be funded with money coming from outside Neighborhood Trust FCU, such as an external account or direct deposit.
12. Can I transfer money from another Neighborhood Trust FCU account?
Funds previously held by Neighborhood Trust FCU account do not qualify for this offer.
13. Is my money insured?
Your funds are federally insured up to $250,000 by the NCUA.
14. Who can open a Money Market Account?
Eligible Neighborhood Trust FCU members can open an account.
Not a member yet? Join us!
15. How do I open an account?
Visit NeighborhoodTrustFCU.org, or call or text 212-740-0900 to connect with a Member Services Representative to get started.