Money One Federal Credit Union provides attractive interest rate on their money market account called Premium Insured Money Market account. The credit union has the following money market rates:

• $0 to $24,999                0.35% APY
• $25,000 to $49,999        0.80% APY
• $50,000 to $99,999        1.06% APY
• $100,000 and above       1.21% APY

You can start earning these best money market rates when you deposit a minimum of $100 to open an account. You are also required to maintain an average daily balance of at least $25,000. In case your balance goes below minimum you will be charge a monthly service fee of $10.

This money market deal allows you to withdraw or transfer funds of up to 6 times per statement cycle. You can transfer to a third party by means of pre-authorized, telephone, or automatic funds transfer for not more than 3 times or you can process your transfer or withdrawal by check, debit card, or draft for not more than 6 times. The minimum withdrawal or transfer amount for this best money market account is $500 per cycle.

Membership with Money One Federal Credit Union is open to anyone. You just need to make a one time donation to Gifts for Easter Seals or if you belong to one of their select employee groups then you are qualified to become a member. Family and household members are also eligible to join.

According to the credit union’s website, you need to visit their branch to apply for membership and open an account. You will be required to bring picture identification documents like social security card, passport, or driver’s license. You need to deposit a minimum of $5 on your new share account as part of the membership requirement. If you do not have time to go to the credit unions office, you can just download the membership application online. Complete the form and along with it have a copy of your government issued ID and write a check of $5 then sign. Mail it to Money One Federal Credit Union, P.O. Box 6398, Largo, MD 20792.

If you still have questions or concerns with regard to their money market account, current rates, or membership you may call the credit union at 301-925-4600 or 800-638-0232. Money One Federal Credit Union has 2 branches located in the cities of Largo and College Park in the state of Maryland.

Money One Federal Credit Union has been helping its members with their financial needs since 1951. They have already grown to have 12,537 members with $103 million in declared assets. The credit union is also registered under the National Credit Union Association and has a charter number 7264.