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Money Market Accounts

Start earning high yields today.

See your savings grow at an extraordinary rate.

Union Federal makes saving simple with a $2,500 minimum deposit to open our Online Money Market Account. Easy access to funds and insured deposits make our Online Money Market a smart tool for uncertain financial times. And with our competitive interest rates, you know you've made a good choice.

Currently offering Money Market
rates as high as % APY
$2,500 minimum deposit to open an account
No monthly fees
Compare the Union Federal Money Market Account with other options.

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

Today's Rates
Online Money Market Interest Rate Annual Percentage Yield
 $100,000 or more  0.75%  0.75%
 $50,000-$99,999.99  0.75%  0.75%
 $25,000-$49,999.99  0.75%  0.75%
 $10,000-$24,999.99  0.75%  0.75%
 $2,500-$9,999.99  0.75%  0.75%
 $0-$2,499.99  0.75%  0.75%
Common Questions
What is an Online Money Market Account and why should I open one?

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

How is interest calculated on my Online Money Market Account?

close window 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.
close window An Online 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 $2,500 deposit to open an account. Federal regulations also limit the number of transfers you can make each month. Consider an Online 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 Online Money Market Accounts, are FDIC-insured to the maximum amount allowed by law.
close window The number of withdrawals you make each month may be limited2.
close window Interest on your Online Money Market Account is compounded daily and credited monthly.