Money Market FAQs

A Money Market account is a savings option designed to help your balance grow while still giving you access to your funds when you need them.

Both help your savings grow, but in different ways. A CD locks in your funds for a set term with a guaranteed rate, though early withdrawals usually incur a penalty. A Money Market account offers flexible access to your funds anytime, still earning competitive interest. Choose a CD for steady growth or a Money Market for easy access.

You can access your Money Market funds through a variety of convenient options, such as transfers, withdrawals, mobile app, online banking, or in some cases check-writing.

A Money Market account often provides higher earning potential compared to a standard savings account, especially when maintaining higher balances.