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Money Market Accounts

Earn up higher rates based on your balance

A Money Market Account combines the benefits of a savings account with features of a checking account, providing you with a higher interest rate and easy access to your funds. Our Tiered Money Market Account offers competitive interest rates based on your balance. The more you save, the more you earn! It's the perfect way to grow your savings while keeping your funds accessible.

  • Earn Dividends: Start earning dividends on balances as low as $1,000—put your money to work for you!
  • Flexibility: Enjoy the flexibility of easy access to your funds while benefiting from competitive interest rates!
  • Simple Savings Strategy: Maintain a balance of $1,000 to enjoy dividends and avoid monthly fees—an easy way to grow your savings

To get started, reach out to us online or stop by any of our locations in Baton Rouge, Houston, Gonzales, Plaquemine, or Walker.

1APY = Annual Percentage Yield. A minimum balance of $1,000.00 is required to avoid a fee and to obtain the APY for the dividend period. See Truth-in-Savings and Fee Schedule for more disclosures. Federally Insured by NCUA.

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Frequently Asked Questions

What is the difference between a money market account and a savings account?
Both accounts keep your money safe and earn interest. A money market account typically earns a higher rate, especially as your balance grows. Our tiered structure at Essential means you earn more the more you save, making it a meaningful upgrade from a standard savings account for members who are ready to put their savings to work.
What is the minimum balance for a money market account at Essential Credit Union?
You need a minimum balance of $1,000 to earn dividends and avoid a monthly fee. It's an accessible starting point whether you're just building your savings or moving funds over from another account.
Can I withdraw from my money market account whenever I want?
Yes. A money market account at Essential does not lock your funds into a fixed term the way a share certificate does. You can access your money through any branch location, online banking, the mobile app, or surcharge-free ATMs in our CO-OP and CUliance networks.
Are money market accounts safe?
Your deposits at Essential Credit Union are federally insured by the NCUA up to applicable limits. Your money is secure, protected, and always working for you.

BRANCH LOCATIONS

Baton Rouge
Siegen Lane Baton Rouge
Towne Center Gonzales Plaquemine Walker Houston