How to Get Started
Savings that pay now, pay higher and are easily accessible - what more could you ask for? When you want to earn more on your savings but still want your funds to be within reach, a Money Market may be the option for you. Think of Money Market as the crossroads where savings, checking, and certificates meet.
Opening an Account is Easy
You can apply online within minutes!
Already a member? Open an account by answering a few questions.
Details
Competitive dividends on balances of $2,500.00 or more
Tiered rates; higher balances earn higher rates
Dividends post monthly
Enjoy flexibility with enhanced access to funds, including direct check writing:
Unlimited in-person withdrawals or transfers
Avoid a $10.00 monthly service fee by maintaining a $2,500.00 minimum balance
Free digital banking
$2,500.00 minimum deposit to open
Savings with a Higher Yield
✔ Tiered rates
✔ $2,500.00 minimum deposit
✔ No monthly maintenance fee
✔ Access your funds online, in-person, or through the mobile app
✔ Members must have a primary savings account to open a Money Market Account
Compare Accounts
| Comparison | Primary Savings | Youth Savings | Special Savings | Christmas Club | Money Market | Savings Certificate |
|---|---|---|---|---|---|---|
| At a glance | A general-purpose savings account that is easily accessible and establishes your membership with Ferguson | Help kids learn the value of a dollar. Requires a parent or guardian as joint owner | What special occasion do you want to save for? You decide the purpose, set a goal, and watch your investment grow | Save all year little by little so you can spend smart during the jolliest time of the year | Save more, earn more with easy access to your funds | Lock in your dividend rate for a set period of time for greater savings rewards |
| Minimum Deposit Required to Maintain Account | $5.00 | $5.00 | $0.00 | $0.00 | $0.00 | $1,000.00 |
| Minimum Balance to Earn Dividends | $1,000.00 | $1.00 | $1,000.00 | $1.00 | $2,500.00 | $1,000.00 |
| Dividends Compounded | Monthly | Monthly | Monthly | Monthly | Monthly | Monthly |
| Withdrawal fee | None | None | None | $25.00 per trans | N/A | $25.00 fee plus penalty on interest paid |
| Special Features | Can serve as overdraft protection for checking | Earns dividends from the first dollar with a higher rate than the adult accounts. Start early, earn more | Easily accessible and separate place to track savings for special events | Set up auto transfers and save more for Christmas | Crossroads between savings, checking, and certificates. Save your way, withdraw your way | Lock in your rate, and no matter what the future holds, your rate does not change |
| Example of uses | Deposit 5% of gross income each month | Deposit birthday and chore money | Save for downpayment on car | Save $1,000 for Christmas by saving $83.33 each month | Save for a house or house repairs such as roof replacement | Save for retirement or a dream vacation overseas |
| Accessible via ATM | Yes with checking account and debit card | Yes with youth checking and debit card | No | No | No | No |
| Transfers available online | Yes | Yes | Yes | No | Yes | No |
| View account balances online | Yes | Yes | Yes | Yes | Yes | Yes |
| Federally insured by NCUA up to $250,000 | Yes | Yes | Yes | Yes | Yes | Yes |