--- title: How an RMCU Money Market Account Helps You Save description: When it's time to make your money work for you, rather than just working for your money, it pays to look into a money market account from RMCU. image: https://rmcu.net/hubfs/iStock-915972390_c.jpg --- [![RMCULogoColor.jpg](https://rmcu.net/hubfs/RMCU-logo.svg "RMCULogoColor.jpg")](https://rmcu.net) [Online Banking Login](https://banking.rmcu.net/auth/signin) [Online Banking Login](https://banking.rmcu.net/auth/signin) [![RMCULogoColor.jpg](https://rmcu.net/hubfs/RMCU-logo.svg "RMCULogoColor.jpg")](https://rmcu.net) - - [Home Loans](https://rmcu.net/home-loans) - [Personal](https://rmcu.net/personal) - [Business](https://rmcu.net/business) - [Membership](https://rmcu.net/membership) - [Careers](https://rmcu.net/membership/about-rmcu/careers) - [Contact Us](https://rmcu.net/contact-us) - Search - [Financial Education ▾](https://rmcu.net/blog/how-an-rmcu-money-market-account-helps-you-save#financial-education-nav) - [About RMCU ▾](https://rmcu.net/blog/how-an-rmcu-money-market-account-helps-you-save#about-rmcu-nav) - [Security](https://rmcu.net/membership/security) - [TruStage: Security Alert](https://rmcu.net/trustage-security-alert) - [Money Mastermind](https://rmcu.net/money-mastermind-lessons) - [Financial Counseling](https://rmcu.net/financial-counseling) - [Savvy Money](https://rmcu.net/membership/financial-education/savvy-money) - [Blog](https://rmcu.net/blog) - [Resources](https://rmcu.net/resources) - [RMCU Team](https://rmcu.net/membership/about-rmcu/rmcu-team) - [Member Information](https://rmcu.net/membership/about-rmcu/member-information) - [Annual Meeting](https://rmcu.net/membership/about-rmcu/annual-meeting) - [Community](https://rmcu.net/membership/about-rmcu/community) - [Our History](https://rmcu.net/membership/about-rmcu/history) [back to blog](https://rmcu.net/blog) [Financial Literacy](https://rmcu.net/blog/topic/financial-literacy) # How an RMCU Money Market Account Helps You Save Read Time **3 mins** | Written by: Rocky Mountain Credit Union [mailto:?subject=How%20an%20RMCU%20Money%20Market%20Account%20Helps%20You%20Save&body=https%3A%2F%2Frmcu.net%2Fblog%2Fhow-an-rmcu-money-market-account-helps-you-save](mailto:?subject=How%20an%20RMCU%20Money%20Market%20Account%20Helps%20You%20Save&body=https%3A%2F%2Frmcu.net%2Fblog%2Fhow-an-rmcu-money-market-account-helps-you-save)     # What is a Money Market Account? A money market account is designed to help you save, just like a classic savings account or a CD. But unlike a traditional savings account, money market interest rates are typically higher. Plus, that interest is compounding, so you're gaining interest on the interest each period. And unlike a CD, you can often make a certain number of withdrawals each month, or write a set number of checks to draw on the account. Those types of limitations are part of what makes the higher interest rate possible.    ![iStock-1162855475\_c](https://rmcu.net/hs-fs/hubfs/iStock-1162855475_c.jpg?width=5787&name=iStock-1162855475_c.jpg)   # RMCU Money Market Accounts RMCU has a money market account for whatever stage you are in life. With standard and premier options, you're all set to take charge of your savings future. Here's the rundown of what to expect from each account.    # Standard There's nothing standard about RMCU's standard money market account, at least when you compare it to traditional savings. You're looking at an interest rate of 0.30% to 0.45% APY. For a frame of reference, standard savings accounts will typically yield 0.12% to 0.20%, so if you're ready to see your money grow, a money market account is a great idea. With a minimum balance requirement of $2,500, you'll be putting plenty extra in the bank, especially since you have that daily compounding interest to look forward to. With a relatively low minimum balance, the barrier for entry won't pose a problem as you're looking to put more of your money into savings.    ## The Fine Print: Minimum Balance Requirement: $2,500 Monthly Fee: $10 if balance drops below $2,500 Interest Rate: 0.30%-0.45% APY Free Online Banking and eStatements: Yes   ![iStock-1147376420\_c](https://rmcu.net/hs-fs/hubfs/iStock-1147376420_c.jpg?width=5787&name=iStock-1147376420_c.jpg)   # Premier A Premier Money Market account is for those who have a little more to sock away, but still want to have easy cash access. This is a great place to put your money while you're saving up for a down payment on a house or planning a big purchase and don't want to have that money tied up in the stock market or other long-term investments. With a higher minimum balance requirement of $50,000, you're also looking at higher interest rates: around 0.50% to 0.65%. And you still have free online banking and e-statements to make managing your money simple.    ## The Fine Print: Minimum Balance Requirement: $50,000 Monthly Fee: $25 if balance drops below $50,000 Interest Rate: 0.50%-0.65% APY Free Online Banking and eStatements: Yes   When you're ready to amp up your savings, contact RMCU to get going with the money market account that best suits your savings life. For more money advice, check out the rest of the RMCU blog[here](https://www.rmcu.net/blog).  ##### Rocky Mountain Credit Union Share the Love [mailto:?subject=How%20an%20RMCU%20Money%20Market%20Account%20Helps%20You%20Save&body=https%3A%2F%2Frmcu.net%2Fblog%2Fhow-an-rmcu-money-market-account-helps-you-save](mailto:?subject=How%20an%20RMCU%20Money%20Market%20Account%20Helps%20You%20Save&body=https%3A%2F%2Frmcu.net%2Fblog%2Fhow-an-rmcu-money-market-account-helps-you-save) You May Like These ## Related Articles ![](https://rmcu.net/hs-fs/hubfs/1.jpg?width=700&name=1.jpg) Financial Literacy ### [Top 10 Simple Money Management Tips](https://rmcu.net/blog/top-10-simple-money-management-tips) Money management can be complex. Here are 10 simple tips worth trying as you navigate your finances. Keep Reading ![](https://rmcu.net/hs-fs/hubfs/iStock-1224919869_c.jpg?width=700&name=iStock-1224919869_c.jpg) In The Community ### [Back-to-School Expenses and Budgeting](https://rmcu.net/blog/back-to-school-expenses-and-budgeting) When it comes to budgeting and saving for back-to-school shopping, you can make your money go even f... Keep Reading ![](https://rmcu.net/hs-fs/hubfs/Campaigns/Daily%20Life%20Blogs/5-places-to-invest-your-money-after-selling-your-home.jpg?width=700&name=5-places-to-invest-your-money-after-selling-your-home.jpg) Home and Mortgage ### [5 Places To Invest Your Money After Selling Your Home](https://rmcu.net/blog/5-places-to-invest-your-money-after-selling-your-home) What will you do with the big chunk of cash after selling your home? Consider one of these 5 investm... Keep Reading ## [**FOLLOW US ON INSTAGRAM**](https://www.instagram.com/rockymountaincu/?hl=en) - [Privacy Policy](https://rmcu.net/hubfs/DISCLOSURES%20(FILES)/Privacy_Notice.pdf) - [ADA Compliance](https://rmcu.net/ada-compliance) - [Careers](https://rmcu.net/membership/about-rmcu/careers) - [Fee Schedule](https://rmcu.net/hubfs/DISCLOSURES%20(FILES)/RMCU_ScheduleOfCharges_Members_2024-DIGITAL-2.pdf) ![Equal Housing Leader](https://rmcu.net/hs-fs/hubfs/raw_assets/public/RMCU_2022/images/home-lender-logo.png?width=140&name=home-lender-logo.png "Equal Housing Leader") ![American Strategic Insurance](https://rmcu.net/hubfs/raw_assets/public/RMCU_2022/images/asi-logo.svg "placeholder_200x200") Each account is insured by American Share Insurance up to $250,000. By members' choice, this institution is not federally insured. [![RMCULogoColor.jpg](https://rmcu.net/hubfs/RMCU-logo.svg "RMCULogoColor.jpg")](https://rmcu.net) All share and loan accounts are subject to membership eligibility. Equal Housing Opportunity. **RMCU NMLS# 585490** © 2026 Rocky Mountain Credit Union All Rights Reserved × ## You Are Leaving Our Website You are leaving the Rocky Mountain Credit Union website and accessing a third-party website. The privacy, security, and accessibility policies of third-party websites may differ from those of Rocky Mountain Credit Union. We encourage you to review the policies of any website you visit. Rocky Mountain Credit Union is not responsible for the content, privacy, security, or availability of external websites and does not endorse or guarantee the products, services, or information they provide. Stay Here Continue ```json { "@context" : "https://schema.org", "@type" : "BlogPosting", "author" : { "@type" : "Person", "name" : "Rocky Mountain Credit Union", "url" : "https://rmcu.net/blog/author/rocky-mountain-credit-union" }, "dateModified" : "2023-08-28T14:41:18.660Z", "datePublished" : "2020-07-22T14:00:00.000Z", "headline" : "How an RMCU Money Market Account Helps You Save", "image" : [ "https://rmcu.net/hubfs/iStock-915972390_c.jpg" ], "mainEntityOfPage" : { "@id" : "https://rmcu.net/blog/how-an-rmcu-money-market-account-helps-you-save", "@type" : "WebPage" }, "publisher" : { "@type" : "Organization", "logo" : { "@type" : "ImageObject", "url" : "https://rmcu.net/hubfs/RMCU-logo.svg" }, "name" : "Rocky Mountain Credit Union" } } ```