What is a Money Market Account?

Put simply, a money market is a kind of savings account, but with a few key differences from your traditional options. Money market accounts are designed to be a safe way to get a better interest rate for people. However, these kinds of accounts generally require a higher minimum deposit. And just like regular savings accounts, money market accounts have NCUA protection which makes them a safe place to save.

Why a money market account?

That makes money market accounts a good option for people looking for the benefits of saving money safely or finding a place to "park" a chunk of money while earning dividends, as well.

With a money market account, a person can deposit money into their account whenever they like. On the flip side, if a person wants to get fast access to their money they have that option, too.

All in all, this is a savings option that provides safety, flexibility, and a higher interest rate than you would earn from a regular savings account.

4 Helpful Uses of a Money Market Account

4 Helpful Uses of a Money Market Account

Once a person learns what a money market account is, they have a logical next question: what can I do with it? That's a good question. After all, it's always good to know what options you have to m...

Read More

Refer A Friend

Get rewarded for sharing Visions with your friends and family.

Get $25 when they open an account!

Refer Now

Visions Federal Credit Union

You are leaving the Visions Federal Credit Union web site. The privacy and security policies of the external link may differ from Visions Federal Credit Union. Visions Federal Credit Union does not own or control external links and is not responsible for the availability or accuracy of their content.

Visions Federal Credit Union

Log in here with your Online Banking ID:

Online Enrollment

Forgot Password