Money Market Accounts
With higher-yielding savings, our Money Market accounts are a great alternative to our standard Regular Share account. Save for any personal need and benefit from an Annual Percentage Yield (APY) competitive with certificates offered by other financial institutions. You can even withdraw funds from your Money Market account at any time without penalty!
Money Market accounts are easy to set up, easy to use and a great place to keep short-term savings. Our accounts offer a variety of options. Take a look!
- Convenient access to funds
- Easy account maintenance with e-Banking
- Three tier options
- Minimum balance of just $1,000 required to collect interest
- Extensive deposit options (mail, payroll deduction, account transfer, direct deposit or ACH)
Dividends are compounded and credited monthly using the average daily balance method. All rates are determined by the Nutmeg Board of Directors and are subject to change at any time.
Introducing the Platinum Money Market account with rates up to 2.50% APY*!
Offer available from July 8 – December 31, 2019. Rate stays at the high rate for at least 12 months from account opening.
- Requires new money from another financial institution
- Must have a Checking account with Direct Deposit to qualify
- Minimum 25 monthly debit card transactions
- Must be enrolled in e-Banking and e-Statements
|Platinum Money Market||Dividend Rate||APY|
|$1,000 - $9,999||0.200%||0.20%|
|$10,000 - $19,999||0.499%||0.50%|
|$20,000 - $74,999||1.490%||1.50%|
|$75,000 - $149,999||1.982%||2.00%|
|$150,000 - $249,999||2.227%||2.25%|
*APY = Annual Percentage Yield. Dividends are compounded and credited monthly using average daily balance method. Requires all new money from another financial institution to qualify for Platinum Money Market rates. Must be enrolled in e-Statements and e-Banking. Requires full direct deposit within 30 days of account opening to a Nutmeg Checking account to qualify. Must conduct at least 25 debit card transactions monthly to qualify. Debit card transactions must post to account within the calendar month to qualify. If any of the qualifications are not met during the month, the Platinum Money Market rate and term will adjust to the standard Money Market rates. If the qualifications are met the following month, the rates will adjust back to the Platinum Money Market structure. Offer valid from July 8, 2019 – December 31, 2019. Platinum rates are guaranteed for at least 12 months. Balances $250,000 and higher receive rate of 2.50%. Balances between $150,000 - $249,999 receive rate of 2.25%. Balances between $75,000 - $149,999 receive rate of 2.00%. Balances between $20,000 - $74,999 receive rate of 1.50%. Balances between $10,000 - $19,999 receive rate of 0.50%. Balances between $1,000 - $9,999 receive rate of 0.20%. Minimum balance of $1,000 to qualify for interest. Other conditions may apply. Promotional offer cannot be combined with any other offers. All rates and offers are subject to end at any time without notice. Nutmeg State Financial Credit Union is federally insured by the National Credit Union Administration.