Money Market Accounts – Grow Your Savings with Flexibility
Looking for a smarter way to grow your savings in Downriver, Michigan? A Money Market Account (MMA) from Community Focus Federal Credit Union gives you higher rates than a standard savings account—without losing easy access to your funds.
With a Money Market, your money works harder while staying liquid and secure. Whether you’re saving for short-term goals or building long-term stability, our MMA helps you maximize growth with zero hassle.
Why Choose Our Money Market Account?
- Low minimum daily balance of just $2,500
- Tiered rates that reward you as you save more
- Quarterly dividends to grow your balance automatically
- No service charges, no commission fees, no early withdrawal penalties
Take advantage of a local, flexible savings option that keeps your money earning more. Open your Money Market Account today and watch your savings thrive—right here in the Downriver community.
Money Market Account - Quick FAQs
Q: What is a Money Market Account (MMA)?
A Money Market Account is a special type of savings account that offers higher dividend rates than a regular savings account, while still giving you easy access to your funds.
Q: How much do I need to open a Money Market Account?
You can open an MMA at CFFCU with a minimum daily balance of $2,500.
Q: Do I lose access to my money like with a CD?
No. Unlike a Share Certificate, a Money Market keeps your funds liquid and accessible anytime without penalties.
Q: How are dividends paid?
Dividends are calculated and paid quarterly, helping your balance grow automatically.
Q: Are there any fees or penalties?
No. There are no service charges, commission fees, or early withdrawal penalties with a CFFCU Money Market Account.
Q: How does the tiered rate system work?
The more you save, the higher your dividend rate. Our tiered structure rewards larger balances with better rates.
Q: Is my Money Market Account insured?
Yes. Like all CFFCU deposit accounts, your Money Market is federally insured by the NCUA for peace of mind.
Q: Can I open a Money Market if I live in Downriver Michigan?
Yes! We proudly serve members across Brownstown, Ecorse, Wyandotte, Southgate, Riverview, Trenton, and the entire Downriver community.
| Name | APY* | Description |
|---|---|---|
| Money Market | 0.40% | $2,500 - $49,999 balance |
| Money Market | 0.60% | $50,000 - $99,999 balance |
| Money Market | 0.75% | $100,000 + balance |
| *APY = Annual Percentage Yield. | ||
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