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C.A.H.P. Credit Union offers Money Market accounts for solid growth. A CAHPCU Money Market Account (MMA) is your next step up from our Regular Share Accounts. An MMA generally requires a little more cash to open than a savings account, but our CAHPCU MMAs offer a higher rate of return.
CAHPCU Money Market Accounts are for Members looking for a good return, but want liquidity. Once you've accumulated a three to six-month safety net for expenses in a 'rainy day' account, you might consider an MMA. You can withdraw from your CAHPCU MMA up to six times a month (federal regulation); the first three free of charge. And since check-writing is limited, this is a good resource for paying those one-time expenses – such as when your refrigerator quits or for a down payment on a car or home.
CAHPCU offers Classic, Platinum and Magnum money market options designed to allow you saving flexibility and provide you with excellent returns.
Remember:
- MMAs usually have higher dividend rates than traditional savings accounts
- MMAs are liquid, you may write checks against the account
- Dividends are paid monthly
- MMA funds may be conveniently accessed through Call-24 or @ccess-24 Home Banking
- Automatic Deposit can make building your MMA that much easier
- Deposits are insured up to $500,000 per account
Rates:
Classic Money Market Account1
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Average Daily Balance
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APY2
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$0.00
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-
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$1,000.00
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0.05%
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$1,000.01
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-
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$10,000.00
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0.20%
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$10,000.01
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-
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$25,000.00
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0.30%
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$25,000.01
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-
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$50,000.00
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0.45%
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$50,000.01
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-
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$100,000.00
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0.60%
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$100,000.01
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-
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$500,000.00
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0.75%
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1 $1,000 minimum deposit required to open
2 Annual Percentage Yield
To sign up for a CAHPCU Money Market Account, simply mark the "Money Market Account" box on the Membership Application.
MAGNUM and Platinum Money Market Accounts
These most powerful savings tools optimize our money market dividends when you meet higher minimum balance requirements.
Consolidate your funds and make your money work for you with no worries, no hassles, and no long-term commitment. And remember, for MAGNUM Money Market Account Members:
Rates:
MAGNUM Money Market Account
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Average Daily Balance
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APY1
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$0.00
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-
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$99,999,99
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0.50%
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$100,000.00
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-
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$500,000.00
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1.00%
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Platinum Money Market Account
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Average Daily Balance
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APY1
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$0.00
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-
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$49,999,99
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0.50%
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$50,000.00
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-
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$500,000.00
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0.75%
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1 APY = Annual Percentage Yield. Membership required. Restrictions may apply. Dividends paid monthly. Make additional deposits at any time. Federal withdrawal limitations apply. Dividend rates are prospective and subject to change. Required information is accurate as of 6/1/2010.
C.A.H.P. Credit Union insures EACH of your share accounts (per suffix) up to $500,000.
Rates Effective 9/1/2010. Rates and terms subject to change without notice.
This site contains links to other web sites, in order to assist users in locating and accessing information that may be of interest. C.A.H.P. Credit Union does not warrant linked sites for any purpose. Further, the inclusion of a link to another site does not constitute an endorsement by CAHPCU of the site, its owner(s) or any products or services advertised on the linked site.
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