Money Market Accounts - Simple Online Banking from Union Federal Savings Bank

Union Federal makes saving simple with a $1 minimum deposit to open our Money Market Account. Easy access to funds and insured deposits make our Money Market a smart tool for uncertain financial times. And with our competitive interest rates, you know you've made a good choice.

	$1 minimum deposit to open an account
	Easy online access and transfers²
	No monthly fees
	FDIC-insured

Our leading Money Market rates mean you'll earn more
with Union Federal.

How do I use the NEW Funds Transfer Process?

What is a Money Market Account and why should I open one?

How often can I make withdrawals from my Money Market Account?

How is interest calculated on my Money Market Account?

¹ Annual Percentage Yield (APY) accurate as of . Terms and conditions of this offer may change at any time. Rates are variable and may change at any time before or after account opening. The minimum deposit to open an account is $1.00. The APY stated above is for account balances of $0.01 and above. Fees could reduce the earnings on this account.

² You may make an unlimited number of withdrawals or transfers from your money market account so long as they are done in person at our branch location. However, federal regulations limit your ability to make transfers from these accounts to another of your accounts with us or to third parties by preauthorized or automatic means, personal computer (including Online Banking or Bill Payment services) or telephone (including facsimile or data transmission) to six (6) per statement cycle period. If you exceed this transaction limitation on a regular basis we will close your account. The Union Federal Money Market Account does not currently include check writing capabilities.

Copyright © 2009 Union Federal Savings Bank. Union Federal offers online banking services across the country, specializing in money market accounts and mortgages. All Rights Reserved.

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We have recently enhanced our Funds Transfer process, making it simpler and automated. You no longer have to visit the ‘Forms’ page, you can now ‘click’ to transfer funds directly from a link at the bottom of your ‘Accounts’ page.

Before you can make your first transfer using the new process, you will be asked to re-establish your transfer access. For your protection, the first time to attempt a transfer you will be prompted to set up a second user name and password for transferring funds. You will also need to verify any account which you have at another Financial Institution before being able to proceed -- even if you’ve previously executed transfers with this institution. Visit the FAQs for detailed instructions.

A Money Market Account is a type of savings account offered by a bank. These accounts normally pay higher interest than traditional savings accounts and sometimes require a higher minimum balance - but ours requires only a $1 deposit to open an account. Federal regulations also limit the number of transfers you can make each month. Consider a Money Market Account if you want a higher rate of return on savings and don't need frequent access to your funds. Total deposits, including Money Market Accounts, are FDIC-insured to the maximum amount allowed by law.