Money Market Advantage

Saving for your future just got more exciting!

Young women paying bills online.

A money market account is a type of deposit savings account that accumulates dividends based on the account balance. These accounts earn dividends at a higher rate than a standard savings account. No fixed term or maturity limitations. Your funds can be withdrawn through check writing, ATMs, or use your account as an optional overdraft protection resource.

  • Minimum opening balance just $0.01*

  • No monthly service fee

  • Easily withdraw and deposit funds

  • Great rates – highest dividends paid on your first $2,500

5 Reasons To Open A Money Market Account

Money Market accounts offer a rate of return that surpasses your typical savings account. Our Money Market Advantage accounts offer the highest dividends paid on your first $2,500.

Give your money its best chance to grow!

Funds in your Money Market are insured by the NCUA up to $250,000. This means you can keep a large sum of money in your account without the risk of losing it to a market crash or a poor choice of investment.

Money Market accounts have no maturity date. You are free to access the funds in your account at any time without penalty. 

Because of their accessibility, Money Market accounts are perfect for those large, occasional expenses like tuition payments, emergency household repairs, and unexpected medical fees.

Like every account here at Bay Federal Credit Union, your Money Market Advantage account comes with loads of benefits and attractive features. There is no monthly maintenance charge for your Money Market account, and we won’t charge you a fee for accessing your money from a Bay Federal or CO-OP ATM.

If you’ve got a question or concern with your account, we’re always here to help. You can drop in for a chat or contact us by phone at 831.479.6000 or toll-free at 888.4BAYFED, option 3. A Member Services Representative will be happy to assist you!

Money Market Advantage accounts offer flexibility. In fact, you’re free to use the funds to make payments by writing personal checks or using your debit card.

Money Market Advantage

Rates Effective: 05/01/2024
Rate APY*
$0 - 2,500 3.00% 3.04%
$2,500+ 3.00% - 1.50% 3.04% - 1.51%
Required minimum balance: $0.01 to open the account, $0.01 daily balance to earn dividends. A $2,500 balance earns a blended rate of 3.04% APY. A $10,000 balance earns a blended rate of 1.89% APY. A $25,000 balance earns a blended rate of 1.66% APY.

*Bay Federal Credit Union membership required. Membership is open to individuals who live, work, attend school, volunteer, or worship in Santa Cruz, San Benito, or Monterey Counties. The Money Market Advantage Account is limited to one account per member. For more information, call us at 831.479.6000 or toll-free at 888.4BAYFED, option 3. To open an account, apply online or visit any Bay Federal Credit Union branch.

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