Money Market Account
An Edwards Federal Credit Union Money Market Account offers higher dividend rates than regular savings but still affords you the flexibility of access to your money when you need it. No monthly service charge applies, and a minimum deposit of $2,500 is required to open your Money Market Account.
Dividend rates are competitive, variable, and subject to change monthly. Rates are also tiered, and paid monthly on the average daily balance*. The more you invest, the more you earn!
When you open an Edwards Federal Credit Union Money Market Account, you save money instantly. That's because we don't charge you for your checks. Your order of personalized checks will be provided to you FREE of charge!
Money Market Deposits
Deposits to your Edwards Federal Credit Union Money Market can be made by any means - in person, by mail, telephone transfer, direct deposit or payroll deduction. You select the method that's most convenient to you.
Money Market Withdrawals
Withdrawals from your Money Market Account may be made by mail, in person or by telephone transfer (with proper authorization). For convenience, you may make up to six (6) withdrawals per statement period..
Arrange a Direct Deposit to your account for your payroll, social security, or other regular paycheck Direct Deposit is safer, it saves you time, and gives you peace of mind of not having any of those checks sitting around in your mailbox, in your desk, or at home waiting to be banked.
Automatic Payments & Deposits With Payroll Deduction
Payroll deduction is a smart way to automatically make loan payments or build your savings. You choose the deduction amount from your regular paycheck and then your loan payments are made for you, on time, every month.
*Money Market Account balances that fall below the required minimum deposit/balance will earn the regular share (savings) rate instead of a higher tiered rate.
For important information about dividends, terms, fees, penalties, specific details and conditions associated with your Credit Union accounts, please ask for a copy of our Truth-in-Savings disclosure, "About Your Credit Union Accounts".