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 / Accounts / Savings / Money Market Account
 

In the market for a Money Market Account?

Well, you’re certainly in the right place. A Delta Community Money Market Account is a great way to earn dividends on savings and doesn’t lock you into a fixed rate or long-term commitment. And if you maintain a $1,000 balance, you earn dividends.

 

Is a Money Market Account a Savings Account?

Yes, but it’s also a lot more. A Money Market Account is a premium savings account that has checking account features. It’s similar to a regular savings account in that you earn interest on the money you’re putting aside. But, it yields at a higher interest rate than a savings account. A Money Market Account provides an additional benefit: the convenience of writing a check which draws from the account itself.

With our Money Market Accounts, you'll get: 
  • A free ATM Card
  • Competitive dividend rates
  • Convenient account access
  • Freedom to manage online
  • No early withdrawal penalty

For Savings Calculators, click here.

Who is this product right for?

Someone who is interested in earning dividends without a long-term commitment.

Money Market Accounts

Tier RateRateAPY*
$1,000.00 - 10,000.000.20%0.20%
$10,000.01 - 25,000.000.23%0.23%
$25,000.01 - 50,000.000.28%0.28%
$50,000.01 - 100,000.000.30%0.30%
$100,000.01 - and above0.33%0.33%

Who is this product right for?

Someone who is interested in earning dividends without a long-term commitment.

Compare Money Market Accounts

Minimum deposit:
Company APY
Delta Community CU 0.20%


Competitor APYs as of the first day of the current month, provided by mybanktracker.com.  

Who is this product right for?

Someone who is interested in earning dividends without a long-term commitment.

Money Market Accounts

Monthly Fee $0.00
Per Check Charge $0.00
Non-Sufficient Funds (NSF) Fee (per calendar year - includes ACH overdraft)** $25.00 1st item
2nd & 3rd item returned $30.00 per item
4th or more item returned $35.00 per item
Excessive Transfer From Account $20.00 each
(after 6 per month)
Stop payment $20.00 each
Copy of Check (trace # provided) $1.50 each
trace # provided
Balancing Checking Statement $25.00 month
Check Printing (per box of 40 checks) Pricing Varies
per box of 40 checks
Local Returned Deposited or Cashed Item $10.00/item
Foreign Returned Deposited or Cashed Item (US and Canadian) $20.00/item
Foreign Returned Deposited or Cashed Item (Other Currency) $40.00/item
Transaction History $1.50/request
Account Research $20.00/hour $.30 per copy
Excessive Withdrawal Fee (after 10th withdrawal per month) $20.00
Check Card/ATM International Service Assessment 1% of foreign transaction total
Visa transactions made in foreign countries (outside the U.S., Puerto Rico or the U.S. Virgin Islands) are posted in U.S. dollars, and are subject to an ISA fee of one percent (1%) of the transaction total. This fee will appear as a separate transaction on your account.

Who is this product right for?

Someone who is interested in earning dividends without a long-term commitment.

Related Articles

  • Money Market Account

  • Why should I choose a Money Market Account rather than opening a CD?
    Unlike a CD, the funds in your MMA are not tied to a specific term so you have easier access to funds. However, Money Market accounts are limited to 10 withdrawals per month before an excessive withdrawal fee of $20 is incurred.


    Can I have direct deposit to my Money Market Account?
    Yes, if you are an active Delta employee, you can complete the Authorization for Payroll Deduction/Direct Deposit form. You will need to select "Checking" and in the Share ID section enter 35. Once completed, mail to the address on the form or fax it to us at 404-677-4893.

    If you are not a Delta employee, you will need to set direct deposit up with your employer and list your account number. For personal MMA accounts, they need to be coded as a Checking Account and you will need to provide your employer or other financial institution with the "checking type" number that is located on your MMA checks.



    Can I use my Visa Check Card to access my Money Market Account?
    Your Visa Check Card will not give you access to your Money Market Account. ATM cards for an MMA can be issued which can only be used to withdrawal funds at an ATM. Money Market ATM cards cannot be used for Point of Sale (POS) transactions, such as paying at the gas pump or grocery store. Remember that you are not permitted to make more than ten (10) ATM withdrawals per month from the Money Market account.

    When accessing funds at an ATM with your Money Market ATM card, choose Checking Account to access the Money Market account.

    Can I transfer funds from my Money Market Account online or by using Audioline?

    Yes. There are several ways you can transfer funds from your Money Market Account to another share or loan:

    • Transfer funds via Online Banking
    • Audioline - Audioline recognizes an MMA account as a Checking Account (ID 35)
      • Transfer from Savings to MMA - Choose service code 73# and enter your MMA account number ID for the Checking Account number, ex: 35
      • Transfer from MMA to Savings - Choose service code #37 and enter your MMA account number ID for the Checking Account number, ex: 35
      • Member to Member - Choose service code 28#
      • Transfer from MMA to Loan - Choose service code 35# and enter your MMA account number ID for the Checking Account number, ex: 35
    • Request to transfer funds via the online secure Message Center
    Limitations on the number of transfers may apply - Click on Reg D FAQs for more information.

    Can I have more than one Money Market Account?
    Yes, there is no limit to the number of Money Market Accounts you may open.


    Can Money Market Account checks be certified?

    Delta Community CU is unable to certify Money Market Account checks due to the restriction of 10 withdrawals on this type of account.


    If I have a Money Market Account (MMA), can I order a different check design from an outside vendor?
    Yes. However, please be advised of the following:

    • Checks ordered from an outside source will generally require a larger order than is necessary. This is important to consider since check writing limitations exist on an MMA. The available checks ordered from Delta Community CU come in a box of 40.
    • Additionally, ordering checks from an outside vendor means providing your account number and routing information to an unverified third-party. We cannot guarantee the safety and privacy of that information once you release it.
    • Remember that if you order Money Market checks through the credit union, the fee is deducted from the MMA and counts toward the 10 withdrawals limit per month.

  • Options for Trust Accounts
  • Does Delta Community CU offer Trust Accounts?

    At this time Delta Community Credit Union is not accepting trust or estate documents for accounts to be opened. We do offer accounts that can contain designated POD beneficiaries. These are commonly known as "Payable on Death" or P.O.D accounts.


    A member can designate a POD beneficiary or beneficiaries on their Savings Account, Checking Account, Additional Savings Account, Money Market Account or Certificate of Deposit Account. A POD may be any natural person, a trust, or any corporate entity such as a profit, not-for-profit, or charitable organization. If the POD has a Social Security Number, it must be provided. A joint owner and POD may not be the same person. By designating a POD on an account, the funds in the account are payable upon the death of the primary and joint owners on the account. If more than one POD is named on a share, funds will be dispersed equally to the PODs.

    If designating a trust as a POD, include the name of the trust as it should appear on the account, as well as the date it was established.


    To name P.O.D.s to your current accounts you may submit the Designation of Beneficiary Form.
  • Joint owners access to opening and closing a MMA
  • Can a joint owner open or close a Money Market Account? A joint owner can not open a MMA, but they can close the account.

  • Check Image CD Discontinuation
  • The Check Image CD product was discontinued in 2009. As financial institutions and merchants continue to convert checks into electronic payments for processing, the number of actual paper checks presented for payment is significantly reduced resulting in fewer images to provide you with the Check Image CD.

    Delta Community currently offers alternatives to the Check Image CD that will allow you to continue to quickly and conveniently access your check history.

    • If you re currently enrolled in eStatements, you can access check images directly from your online statement. Simply click the link to the cleared check and you can print or save it for your future reference. Your eStatements history is stored from the month you joined the credit union and check copies are available for the last 7 years.
    • You can also retrieve your cleared checks through your account history available via Online Banking. Your account history can be accessed by logging to Online Banking then clicking History in the Tools and Services menu. You can normally access up to six months of history with this method.
    • You can request copies of check images for a nominal fee at any Delta Community branch, by calling or submitting a request online via the secure Message Center.

  • Rerunning Checks and ACH items
  • Will my check or ACH be rerun against my account a second time before it is returned as NSF?
    If you make a deposit by noon after the item was first presented, and your "Available Balance" reflects a balance that will cover the posting of the item, we will rerun your check or ACH. (i.e. Checks that tried to post at 8pm need to have funds deposited by 12noon the following day. ACH items that tried to post at 7am need to have funds deposited by 12 noon same day.) The original posted fee is non refundable and will not be reversed.

Ready to open a Money Market Account?

All you need to do is log into your Online Banking account, go to the Tools & Services menu and select Add New Account, then choose Money Market Account or complete the form. You can also call us at 800-544-3328 or visit any one of our branches and speak with one of our representatives.

Who is this product right for?

Someone who is interested in earning dividends without a long-term commitment.

 

APY = Annual Percentage Yield. Competitor products displayed are those with terms comparable to the respective Delta Community CU product. APYs are accurate as of the first day of the current month and are provided by mybanktracker.com.   Consult the financial institution directly for full product terms and current rates. No opening deposit, $1000 minimum balance required to earn dividends.

Money Market accounts are federally insured by the National Credit Union Administration (NCUA), a federal government agency. Savings accounts maintained in different rights, capacities or forms of ownership may each be separately insured up to $250,000.

 

 
 

 

 
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