Although Northern Star Credit Union’s Money Market Account used to have a higher yield of 2.00% APY a few weeks ago, the current money market rate is still competitive at 1.25% APY. For a minimum maintaining balance of $50,000, you’ll get to earn this much interest.

The lower tier of this account isn’t bad, either. Balances between $25,000 and $49,999 get to earn 1.00% APY. Of course, money market account rates always rise and fall, so the only way you can get the best deal is to check the bank’s rate table before opening an account.

There is no information about the money market account’s other features (i.e. service fees, withdrawal limits and accessibilities) but the credit union states that it is open to all members. To be eligible for membership, you need to worship, live, work, or study in the Great Hampton Roads Area. You can apply online by clicking on the link at the membership page or drop by any of the credit union’s branches.

Of course, to prove your eligibility, you need to present the following proofs of identification:

• Photo IDs which include a U.S. passport, an ID card issued by the state, or a driver’s license
• A social security ID which can either be a social security card and/or an insurance card

You must present at least one photo ID and one social security ID to prove your eligibility for the program. Branches of the credit union can be found in Portsmouth, Hanbury, Harbour View, and Elmhurst. The branch hours are also posted online, along with the holidays when the credit union offices are closed.

Despite the attractive deal, Northern Star’s ratings are a little weak. It only scored two stars out of five from Bankrate.com, and three stars out of five from Bauerfinancial.com. This is a little disturbing for a credit union which has been around since 1929. The financial institution is a member of the NCUA, and is insured under Charter #66956.