A money market draft account is a dividend-bearing checking account. It is designed for members with higher balances that want a high rate of return while they use the account somewhat like a traditional checking account.
This account will enable you to gain a higher interest than a traditional draft account, but with a limited number of withdrawals and a minimum balance each month.
Dividend rate as of September 1, 2006
Balance Rate APY*
$2,500-$9,999 2.00% 2.02%
$10,000-$39,999 2.50% 2.53%
$40,000-$99,999 3.00% 3.04%
over $100,000 3.50% 3.56%
*APY= Annual Percentage Yield. Annual Percentage Yield applies when dividend is reinvested in the account. Rates are subject to change without notice.
To apply call 1-800-437-1057 ext. 114