If you’re looking for a safe place to deposit and earn better interest on a large chunk of money, a Money Market account could be a great option for you.
A Money Market account offers the same security as a traditional share savings account but offers a higher rate of return. However, a Money Market account requires a higher minimum balance and initial deposit.
Cash withdrawals can be made with a Riverside Member Service Representative, but are limited to five (5) free withdrawals per month.
Consider a Money Market account if you want:
- The safety of a credit union.
- A higher interest rate.
- Access to funds in a pinch.
- The ability to write a few checks.
Keep in mind all credit union funds are backed up by NCUA of up to $250,000.
View rates on Annual Percentage Yield here.