Money Market Account

A North Jersey Federal Credit Union Money Market Account earns a higher rate of return than share accounts. The minimum opening deposit is $1,000 and the minimum balance required is $1,000 without a monthly fee. The higher your balance, the higher your dividends will be each month. It’s a great way to earn higher interest while avoiding early-withdrawal penalties.

Advantages:

• Competitive dividend rates – dividends are compounded daily based on an average balance
• No penalty for cash withdrawal
• Dividends earned – day of deposit to day of withdrawal
• Three transfer withdrawal or transfers per month
• Deposit at anytime
• Convenience of direct deposits or payroll deductions
• Option to use as overdraft protection for your Share Draft Checking Account.

*Minimum deposit/balance and withdrawal restrictions apply