Money Market BANK | MONEY MARKET MONEY MARKETA BIGGER BANG FOR YOUR BUCKS As your savings grow with us, you may want to consider opening a money market account. It’s designed to earn you higher interest than a share savings account. Then as your balance reaches certain tiered amounts, you’ll earn an even better rate. The best part? Your funds remain accessible whenever you need them. Click here to learn about our 4.50% APY Money Market Special PROMOTIONAL MONEY MARKET Limited Time! $25,000 minimum deposit 4.50% APY1 SEE ALL RATES YOU’VE GOT QUESTIONS. WE’VE GOT ANSWERS!WHAT IS THE MINIMUM AMOUNT TO OPEN A MONEY MARKET? A money market requires a $5.00 minimum to open. But remember that you only start earning interest when your balance reaches $1,000. IS THERE A MONTHLY SERVICE FEE? There is NO monthly service fee unless the account has less than $500, no other products, and zero activity for 6 months. When this occurs, a $5.00 dormant fee is charged. WHEN DO YOU PAY DIVIDENDS? Dividends on money markets are paid monthly on the average daily balance of all funds over $1,000. The rate is tiered based on the amount on deposit. WHAT’S THE DIFFERENCE BETWEEN A MONEY MARKET AND A SHARE SAVINGS ACCOUNT? Both are savings accounts. A share savings account requires a small initial opening deposit and balance to earn dividends. Money markets are tiered savings accounts that offer higher dividend rates based on your account balance. You may access your funds at any time. Money markets are designed for longer term savings without being locked into a set saving term and incurring significant early withdrawal penalties like with a certificate of deposit. WHEN DO I SEE MY MONEY MARKET ON MY MONTHLY STATEMENT? Money market statements are created quarterly. If your money market is combined with a checking account or has an electronic transaction, the statements are generated monthly. You can always use Online Banking to check current balances. CHECK OUT OTHER SAVINGS OPTIONS Vacation Club Set aside funds for your dream trip at a premium rate. LEARN MORE Christmas Club Stress less this Christmas. Save early with a great rate. LEARN MORE Visit A Branch Stop by your local branch and we’ll be happy to help you. VISIT US Talk With Us Call (888) 696-4462 or chat live online during business hours. CALL US Open An Account It’s simple to open and fund your account online. JOIN US Make the Most of Your Money With Ohio Catholic Discover how you can unlock your money’s potential and achieve your financial goals with the help of the Ohio Catholic Federal Credit Union! SEE ALL THE POSTS Newsletter Q4 2024Read the newsletter below or download it here. Read the latest news from Ohio Catholic! Ohio Catholic FCU […]Do I need a Will or a Living Trust?We all strive to be financially responsible, from paying bills on time to investing for retirement and being […]Consider a credit card from Ohio Catholic for your holiday shoppingOhio Catholic offers a credit card with Great Rates and Great Rewards! The Mastercard Rewards Card offers NO […] SEE ALL THE POSTS Every experience I’ve had dealing with OCFCU has been excellent. Everyone is always very helpful and courteous. Allison S.,OCFCU Member Consistently competitive rates and outstanding customer service. Michael S.,OCFCU Member When working on the financing for our camper your team was amazing. Jennifer G.,OCFCU Member Math is Hard (Sometimes) Let us help you crunch the numbers with our financial calculators. LEARN MORE