Money Market Accounts
- Higher rates
- Fast access to funds
- Strong returns
Put your savings in a really sweet spot
Who wants their money to earn more? Everyone. Who wants to tie up all their extra cash in long-term investments? Not you. With a Money Market, your savings get a boost from our higher dividend rates. But if you need it for any reason - next week, next month or further down the line - you can access it in an instant.
Higher dividends than most typical savings accounts
Tiered rate structure, meaning bigger balances can earn even more money
$2,500 minimum opening balance for regular Money Market Accounts, $15,000 minimum opening balance for High-Yield Money Market Accounts
Deposits up to $250,000 insured by the National Credit Union Share Insurance Fund1.a
| Product1 | Dividend Rate | APY | Min. Opening Balance | Min. Balance to Earn Dividends |
|---|---|---|---|---|
| Money Market Tier 1 | 0.10% | 0.10% | $2,500 | $0 |
| Money Market Tier 2 | 1.00% | 1.00% | $2,500 | $7,500 |
| Money Market Tier 3 | 1.30% | 1.31% | $2,500 | $25,000 |
| Money Market Tier 4 | 1.75% | 1.76% | $2,500 | $100,000 |
| Money Market Tier 5 | 2.50% | 2.53% | $2,500 | $250,000 |
| Product1 | Dividend Rate | APY | Min. Opening Balance | Min. Balance to Earn Dividends |
|---|---|---|---|---|
| High-Yield Tier 1 | 0.10% | 0.10% | $15,000 | $0 |
| High-Yield Tier 2 | 3.00% | 3.04% | $15,000 | $15,000 |
| Feature | Basic Savings Account | Money Market Account | Share Certificate (CD) |
|---|---|---|---|
| Basic Savings Account | Money Market Account | Share Certificate (CD) | |
| Interest Rate | Low | Moderate to High (tiered rates often available) | High (fixed for term length) |
| Access to Funds | Easy access anytime | Limited monthly withdrawals (may include check/debit access) | No access until maturity without penalty |
| Minimum Balance | Typically low or none | Moderate to high minimum balance required | Set minimum deposit required (varies by term) |
| Flexibility | Very flexible | Somewhat flexible (limited transactions) | Least flexible (fixed term and early withdrawal penalties) |
| Term Length | No term | No term | Fixed term (e.g., 6, 12, or 24 months) |
| Best For | Everyday saving and building emergency funds | Earning more interest with some liquidity | Earning higher returns on money that can be locked away |
Discover How Much You Can Earn
Purdue Federal Credit Union serves members worldwide and operates branches throughout Greater Lafayette, Crown Point and La Porte, Indiana.
Become a Member
Unlike other financial institutions, credit unions are not-for-profit, membership-based organizations. The good news is that joining is easy. If you're connected to Purdue University, La Porte County, Indiana, or one of our Select Employee Groups, you're likely eligible.
See Membership EligibilityHelpful Resources
22.a APY = Annual Percentage Yield. APY is the total amount of dividends paid on an account based on the dividend rate and frequency of compounding for an annual period and assumes that the principal amount remains in the account for the entire period or term of the account. Rates may change after account opening. Fees may reduce earnings. For full details refer to the Rate Sheet Truth-in-Savings Act Disclosure.
1.a Your shares with Purdue Federal Credit Union are federally insured. Share insurance under the National Credit Union Share Insurance Fund (NCUSIF) are insured by the National Credit Union Administration (NCUA), an independent government agency that regulates, charters and insures the nation's federal credit unions. The standard share insurance amount is $250,000 per share owner, per insured credit union, for each account ownership category.