Freedom Money Market Accounts
The CRCU Freedom Money Market account is like a checking account and savings account in one, pairing superior earning power with flexible access to your savings when you need it.
What to know
- Minimum $500 balance to open
- Average daily balance requirement of $500 to avoid a $10 monthly service fee
- Interest is compounded daily and paid monthly
- Interest rate subject to change monthly
- Debit card transactions and bill pay service are not allowed
- May not be used as collateral for a loan
Why it’s great
- Competitive yields tiered to reward you for saving more
- No minimum withdrawal amount
- Free checks
- Federally insured up to $250,000 by NCUA
How to get yours
Open a Freedom Money Market by visiting CRCU branch near you or online.
Become a CRCU Member
Join our happy family today! Applying for membership couldn’t be easier.
- A wide field of membership
- Easy online application
- Access to exclusive benefits and discounts
FAQs
Frequently Asked Questions
What is the current interest rate?
See our current rates.
How much do you need to open this account?
A $500 minimum deposit is required to open a Freedom Money Market account.
Is there a minimum balance to earn interest or avoid fees?
There is no minimum balance required to earn interest, but you must keep an average daily balance of $500 to avoid a monthly service fee.
Is there a penalty for taking funds out of the account?
Not if you stay within Regulation D limits of six transfers and/or withdrawals per month. Otherwise a fee applies.
May I have a debit card?
No, debit cards are not allowed on this account type.
May I order checks?
Yes. If you clear fewer than three checks per month your next order of checks is free. Otherwise, a fee will apply.
What is the monthly service fee if the average daily balance is less than $500?
The monthly service fee is $10 per month if you do not maintain your average daily balance of $500.