Money Market Accounts
An Eastex Credit Union Money Market Account offers members the opportunity to earn higher dividend rates on larger balances while maintaining convenient access to your funds.
Members choose money market accounts when they want to:
- Earn higher returns on savings
- Maintain liquidity for future expenses
- Keep funds in a secure, insured financial institution
This option is ideal for members who want their savings to work harder while remaining accessible; whether you’re planning for future expenses, building an emergency fund or managing larger balances with flexibility.
Frequently Asked Questions
A money market account is a savings option that typically offers higher dividend rates than a standard savings account while still allowing convenient access to your funds.
Money market accounts usually require a higher balance but offer higher earning potential.
Money market accounts are a great fit for individuals who want to:
- Earn more on larger balances
- Keep savings accessible for upcoming expenses
- Maintain a strong emergency fund
Yes. Money market accounts are designed to offer liquidity, meaning you can access your funds when needed.
Yes. Funds are insured by American Share Insurance (ASI) up to applicable limits, providing peace of mind.
Many money market accounts require a minimum balance to open and to earn the highest dividend rates. Specific requirements may vary.
Dividends are typically calculated daily and paid quarterly, helping your savings grow over time.
While many accounts have no monthly fee, other fees (such as excess transaction fees) may apply depending on account activity.
You can open an account online or by visiting a local branch. A valid ID and initial deposit are typically required.