money market account

Money Market Account

Earn With Easy Access to Your Funds

Discover an account that offers a little more flexibility with your money. With a Money Market account, you can earn higher-than-average returns and enjoy check-writing capabilities.

What is a Money Market Account?

A Money Market account is a type of savings account meant to be a home for your funds to grow and reward you with a great rate. It also gives you check writing privileges to withdraw funds like a checking account. Money Market savings accounts are available at different types of financial institutions (bank or credit union), and Greater Nevada is proud to offer one with competitive rates and limited requirements to avoid fees.

Features of a Money Market Account

Live Greater with a flexible hybrid account that makes life easier.

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A Flexible Hybrid Account

Money Market accounts lets you write checks and earns a better dividend rate than your typical checking account, and beats most other savings accounts too.

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Easily Withdraw Your Funds

Enjoy unlimited in-person and ATM withdrawals, and up to six third-party withdrawals or transfers every month to avoid excessive withdrawal fees. A debit card is not included with this account, but does come with all GNCU checking accounts.

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Avoid a Monthly Fee with a Minimum Daily Balance

We’ll waive the monthly minimum balance fee if you maintain a daily balance of at least $2,500.

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Safe & Secure Digital Banking

We understand that you don’t always want to make a trip to a branch. That’s why we made online banking and mobile app easy to use so you can bank anytime, anywhere you’d like.

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Direct Deposit Enabled

Easily have money from your income sources added to your Money Market account through direct deposit.

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Federally Insured Up to $250,000

Rest easy knowing the funds you deposit in your Money Market account are federally insured to $250,000 by the National Credit Union Administration.

Money Market Account Rates

Tier
Rate
APY1
Tier
$0.01 – $49,999.99
Rate
0.499%
APY1
0.50%
Tier
$50,000.00 +
Rate
0.995%
APY1
1.00%

1APY (Annual Percentage Yield) effective December 1, 2023, and subject to change without notice. Dividends will be credited to your account and compounded every month. Fees could reduce the earnings on the account.

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Money Market Frequently Asked Questions (FAQs)

Money Market accounts are different than typical savings accounts, but we’re not here to complicate things, so if you’ve got questions, we’ve got answers. For more details, feel free to contact your local branch–we’re here to help!

How are Money Market accounts different from savings accounts?

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Money Market accounts typically offer higher yields than standard savings accounts, plus they also come with check writing privileges.

Why would I want a Money Market account?

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Sometimes you need a little more flexibility with your money. You may also prefer an account that earns more than average checking accounts.
That’s where Money Market accounts come in with higher rates to earn more on your funds, but make sure that you pay attention to your daily balance and third-party withdrawals and transfers to avoid fees.

Are there any risks associated with a Money Market account?

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The funds you deposit in your Greater Nevada Credit Union Money Market account (as with any account you open with Greater Nevada, in fact) are federally insured by the National Credit Union Administration up to $250,000.

Can you withdraw money from a Money Market account?

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Yes, but not with a debit card. You can take advantage of unlimited in-person or ATM withdrawals without fees from your account. You can also have up to six third-party withdrawals or transfers per month before any excessive withdrawal fees come into play.

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Open Your Money Market Account

To get started, meet with a member of our team at your local Greater Nevada Credit Union branch–we’re standing by to guide you through the application process.