Money Market | SCU Credit Union

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Money Markets

Flexibility you need and the growth potential you want.

Our Money Market Accounts come with transparent terms and no unexpected fees, ensuring complete clarity for our members.

open a money market account see money market rates

Deposit or withdraw funds anytime without a penalty

The higher the balance, the greater the interest

Interest compounds daily and is credited monthly

Table data for Money Market Accounts
Effective Date: November 1, 2024
Description	Rate	APY¹	Minimum Balance²	Alert Me
Tier 1	0.03%	0.03%	$5.00 - $2,499.99	Receive a notification when this rate changes

Tier 2	0.50%	0.50%	$2,500 - $49,999.99	Receive a notification when this rate changes

Tier 3	1.24%	1.25%	$50,000+	Receive a notification when this rate changes

¹APY = Annual Percentage Yield. Rates are variable and may change after the account is opened at any time at SCU’s discretion. Fees may reduce earnings on the account. Other conditions may apply. Please refer to SCU's Important Account Information for Our Members and Schedule of Fees and Service Charges for important information and disclosures.↵ ²Minimum balance required to open and earn the stated Annual Percentage Yield. Refer to our Service Charges Schedule for any applicable fees. Other terms and conditions may apply.↵

Table data for MyPremium Money Market
Effective Date: November 1, 2024
Description	Rate	APY¹	Minimum Balance²	Alert Me
Tier 1	2.96%	3.00%	$50,000 - $249,999.99	Receive a notification when this rate changes

Tier 2	2.96%	3.00%	$250,000 - $499,999.99	Receive a notification when this rate changes

Tier 3	3.20%	3.25%	$500,000 - $999,999.99	Receive a notification when this rate changes

Tier 4	3.20%	3.25%	$1,000,000 - $2,499,999.99	Receive a notification when this rate changes

Tier 5	3.20%	3.25%	$2,500,000+	Receive a notification when this rate changes

¹APY = Annual Percentage Yield. Rates are variable and may change after the account is opened at any time at SCU’s discretion. Fees may reduce earnings on the account. Other conditions may apply. Please refer to SCU's Important Account Information for Our Members and Schedule of Fees and Service Charges for important information and disclosures.↵ ²Minimum balance required to open and earn the stated Annual Percentage Yield. Other terms and conditions may apply.↵

Money Market Account Calculator

Adjust the inputs to see how much your savings in a money market account grow over time.

take me to the calculator

Your money is 100% safe. 100% insured.

SCU Credit Union is insured by both the National Credit Union Association (NCUA) and Massachusetts Shared Insured Corporation (MSIC). Your money is 100% insured regardless of the amount at SCU Credit Union. MSIC provides Excess Share and Deposit Insurance to all members of SCU Credit Union automatically. The coverage is a benefit of membership and comes at no direct cost to you. MSIC insures the portion of any legal, verifiable share or deposit account that exceeds NCUSIF coverage with no limit.

Your Money Market Toolkit

A trove of tools and tips to transform your finances