Available nationwide, MECU Money Market is offering a rate of 2.25% APY when you open an MECU Money Market Account. Continue reading below to learn everything you need to know about MECU.
MECU Money Market Review
MECU is a Maryland-based credit union whose acronym stands for Municipal Employees Credit Union. Membership eligibility has expanded since its founding and includes consumers who live, work, or worship close to the Baltimore area. The credit union offers personal and business banking services, as well as insurance and investment planning guidance.
In addition to the rate from MECU, check out our list of best rates Savings, Money Market, and CD accounts.
If you are interested in expanding your financial future, definitely use our bank bonuses page to find other offers. Some popular bank offers include Chase Bank, Discover Bank, TD Bank, Huntington Bank, HSBC Bank and many more.
I’ll review MECU Money Market below.
MECU Money Market Rate
To earn MECU’s competitive rate, simply have an opening deposit of $10,000. That’s all it takes and you’ll get to enjoy earning the 2.25% rate on all balances.
- What you’ll get: 2.25% APY
- Eligible account: MECU Money Market
- Credit inquiry: Unknown
- Where it’s available: Nationwide (Bank Locator)
- Opening Deposit: $10,000 minimum
- Monthly fee: None
- Early Termination Fee: None listed, check with CSR
(NCUA Insured)
How to Earn the MECU Rate
- Open a Money Market account from MECU
- Input your info – Provide your name, address, phone, email and social security number or Tax ID
- Fund the account within 14 days- Transfer funds electronically from an internal account here or an external account at another bank
- Earn 2.25% APY as long as the account balance is above $10,000
Balance Requirement | APY Rate |
$10,000 to $1,000,000.99 | 2.25% APY |
$1,000,001.00> | 0.05% APY |
$1.00 to $10,000 | 0.05% APY |
MECU Account Features
- Withdraw funds online, by check, at 30,000 free ATMs or any MECU location
- Manage your money anytime, anywhere
- Make convenient contributions through direct deposit, payroll deductions or automatic transfers from other MECU accounts
- NCUA insurance up to the maximum of $250,000 allowed by law
Conclusion
For those of you looking for a savings account with a high APY rate, you may want to consider a MECU Money Market Account! If you meet the minimum balance of $10,000, you can start gaining interest at a high rate as soon as they post to your account. Let us know about your experience with this bank and comment below.
Let us know about your experience with this bank and comment below.
Check back often to see the latest info on MECU Money Market.