Savings
- Regular Savings Accounts
- Money Market Accounts
- Certificate Accounts
- IRAs
- Club Accounts
- Health Savings Accounts
- Uniform Transfer to Minors
Money Market Accounts
Money Market Accounts are savings accounts with limited checking access. The great news is that members* earn a higher yield on these accounts compared to a regular savings or checking account because minimum balance requirements on Money Market Accounts are relatively higher.
With a Money Market Account, members* can make up to six withdrawals or transfers per month. However, there is an exception to this. Members* can make an unlimited number of withdrawals if done in person or at an ATM.
HFCU Money Market Accounts can be a great choice because:
| Key Features |
|---|
| A low minimum balance of $2,000 |
| Tiered Rates (members earn more as higher balances are maintained) |
| Dividends are compounded and paid monthly |
Rates Below Effective: December 1, 2024 and are Payable January 1, 2025
Insured Money Market Rates
| Amount | Dividend Rate | APY** |
|---|---|---|
| $.00 – $1,999.99 | 0.00% | 0.00% |
| $2,000 – $9,999.99 | 0.847% | 0.85% |
| $10,000 – $19,999.99 | 0.896% | 0.90% |
| $20,000 – $39,999.99 | 1.342% | 1.35% |
| $40,000 – $99,999.99 | 1.687% | 1.70% |
| greater than or equal to $100,000 | 1.834% | 1.85% |
*Must be eligible for Houston Federal Credit Union membership and open a share savings account with a $5 minimum deposit in order to become a member and obtain any product or service.
**APY = Annual Percentage Yield.
Rates are subject to change monthly.
Fees and other conditions could reduce the earnings on the account.