Money Market Shares
A Sky Federal Credit Union Money Market Account is an interest-bearing account that typically pays a higher interest rate than a regular share account, and which provides you with limited check writing abilities. A Money Market Account thus offers benefits typical of both share and share draft accounts. This type of account requires a higher balances than a regular share account. If your balance falls below the required minimum balance, the account will remain open and a Below Minimum Balance Fee will be assessed.
As an added convenience for our members, we will issue you free checks to access your account at opening. By law, this account is subject to Regulation D and is restricted to six (6) electronic debits per month., three of which can be by check. You can make unlimited transactions in person in one of our branches.
Sky FCU is a federally chartered credit union, which means our Money Market Shares are insured by the National Credit Union Administration (NCUA) with an aggregate share total up to $250,000 per depositor and ownership category.
With as little as $1,000 you are on your way to earning higher dividends while retaining more flexibility and liquidity than a share certificate account.
This account offers you higher dividends than our regular money market account. The Premier Money Market Account requires an opening balance of $25,000.
This account offers our highest Money Market dividends. The Sky High Money Market requires an opening balance of $15,000 and an active Sky share draft account.
Call us at (800) 445-3328 to learn more or get started with our great Money Market Shares options today!
For any associated fees with these accounts, please refer to our Cost Recovery Schedule Disclosure.