Why a Money Market?
Enjoy high earnings and check writing privileges with a Money Market account. The dividends are much higher than those paid on a regular savings account. You will also have convenient access to your money; including up to six (6) transfers, money market checks, or any combination of checks and transfers (total must not exceed 6 per month). There is no limit on the number of deposits into a Money Market account, and it is compatible with Direct Deposit services.
For Money Market accounts, there is a minimum initial deposit of $1000 required. If your account balance falls below your minimum deposit of $1,000, your dividends will be reduced to the level of a PEFCU checking account until the balance returns to the required minimum. There are no PEFCU penalties for falling below the minimum required balance.