Earn Better Rates & Save Smart with
Beacon Credit Union's 'Horizon' Money Market Account earns a competitive rate compared to top banks and mutual funds. And, it still allows easy access to your money when you need it! And, because your account is federally insured, your balances are protected up to at least $250,000.
The 'Horizon' Money Market Account not only maximizes your interest rate, it maximizes your flexibility and protection. You'll also enjoy the benefits of free withdrawals by check and no monthly service fees.
A multi-tiered dividend system for this account means the more you save, the more you earn. With as little as $100 you can start a 'Horizon' Money Market account and start earning a dividend at $2,000.
The interest rate you receive is based on the tier your account balance falls into at the end of each day. Interest is credited monthly. As your account grows so does your earnings rate. Beacon Credit Union automatically pays your account at the current tier.
Money Market accounts provide you with the flexibility to transfer money between accounts and/or make a withdrawal. There is no monthly service charge and you have unlimited deposits to account. You can make up to 6 transactions a month.
There is a minimum of $100 to open a Money Market Account.
Money Market Rates through 4/26/2013
|Balance||Annual Percentage Yield (APY)|
|$ 2,000.00 – $ 4,999.99||0.25%|
|$ 5,000.00 – $ 9,999.99||0.30%|
|$ 10,000.00 – $ 49,999.99||0.40%|
|$ 50,000.00 +||0.45%|
|Fees: Early withdrawal penalty. Accrued dividends will not be paid if the account is closed before accrued dividends are credited. Excessive withdrawal fee of $5.00 per itemAPY is Annual Percentage Yield. The percentage rate that reflects the total amount of dividends to be paid on an account based on the dividend rate and frequency of compounding for an annual period. For all accounts, the APY may change quarterly as determined by the Credit Union's Board of Directors. The Dividend Rates and APYs are the rates and yields as of the last dividend declaration date which is set forth in the Rate Schedule.|