Bay Federal Credit Union

Savings on Your Terms

Open an Account

Our Money Market Advantage: the high-yield of a savings account with the flexibility of a checking account.

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Open a Money Market Advantage account and Earn 3.04% APY*

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 Your funds can be withdrawn through check writing, ATMs, or use your account as an optional overdraft protection resource.

  • No monthly service fee

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

  • Easily withdraw and deposit funds

  • Minimum opening balance just $0.01*

Open an Account Check Rates

Money Market Advantage

Rates Effective: 09/23/2024
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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