Premier Money Market Account
The Premier Money Market Account at Circle Federal Credit Union is designed for members who want to earn more on their savings while maintaining easy access to their funds. It combines the higher earning potential of a tiered savings account with the flexibility of a traditional savings account, making it an attractive option for larger balances and long-term savings goals.
Earn More As Your Balance Grows
One of the biggest advantages of the Premier Money Market Account is its tiered dividend structure. Rather than paying a single rate on every balance, the account rewards higher deposits with higher Annual Percentage Yields (APYs). This means your savings can grow faster as your account balance increases, making it ideal for members who have accumulated larger emergency funds, insurance proceeds, or savings for major purchases.
Current Premier Money Market Tiers
| Balance Tier | Dividend Rate | APY |
| $0.01 – $2,500 | 0.02% | 0.02% |
| $2,500 – $24,999.99 | 0.50% | 0.50% |
| $25,000 – $74,999.99 | 0.75% | 0.75% |
| $75,000 and above | 1.00% | 1.01% |
Rates are variable and may change over time, so members should periodically review the credit union's published rate schedule.
No Monthly Maintenance Fees
Unlike some money market accounts that require minimum balances to avoid monthly service charges, Circle FCU's Premier Money Market Account has no minimum balance service charge fees. This gives members the flexibility to move money as needed without worrying about recurring maintenance costs.
Unlimited Access to Your Funds
The account provides convenient access to your savings without restricting deposits or withdrawals. Members can:
- Make unlimited deposits and withdrawals.
- Access funds through ATMs.
- Transfer money using It'sMe247 Online Banking.
- Use CU*Talk Telephone Banking for 24/7 account access.
- Move funds between Circle FCU accounts quickly and securely.
This flexibility makes the account useful not only for long-term savings but also for funds you may occasionally need to access.
Who Should Consider a Premier Money Market Account?
This account is an excellent option for members who:
- Maintain larger savings balances and want better returns than a standard savings account.
- Want immediate access to their money without locking funds into a certificate.
- Are building an emergency fund while earning competitive dividends.
- Need a liquid savings account that can also support overdraft protection or secured lending.
- Prefer earning more while keeping their savings federally insured.
Federally Insured for Peace of Mind
Like all qualifying share accounts at Circle Federal Credit Union, funds in the Premier Money Market Account are federally insured by the National Credit Union Administration (NCUA) for up to $250,000 per member, per ownership category. This insurance provides protection comparable to FDIC coverage offered by banks, ensuring your deposits remain secure.
