1.01% APY Best money market account with Desertview Federal Credit Union

Desertview Federal Credit Union is pushing for the best interest rate with their money market account called Money Master Shares. This money in the bank deal has 4 tiers with current money market rates:

  • $25 to $499.99                            0.75% APY
  • $500 to $2,499.99                       0.75% APY
  • $2,500 to $4,999.99                    0.85% APY
  • $5,000 and above                        1.01% APY

You can start earning this best money market rate when you deposit a minimum of $25 to open an account. You are also required to maintain this as your daily balance to avoid monthly fees and earn this best interest rate. As mandated by law, you are allowed to make up to 6 withdrawals or transfers per statement cycle. In case you exceed, penalties will be applied on your account.

Consumers who want to become a member of the Desertview Federal Credit Union must work or live in the county of Emery. If you have relatives who are already a member of this credit union then you are also eligible to join. All you need to do is to visit one of the credit unions branches to apply for membership. You would first need to open a share savings account with an initial deposit of $25. If you have questions with regard to their money market account or membership eligibility you may call their customer service line thru 435-687-2472.

The credit union has a 2 branches located in the cities of Huntington and Ferron in the state of Utah.

Desertview Federal Credit Union has been providing its services to its members since 1960. They already have over $31 million in declared assets. The credit union is also insured by the National Credit Union Association with charter number 13790.

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Posted on 16th July 2011 by Randell in Money Market Rates

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