MoneyWisdom Blog

Money Market and Higher Yield Savings Accounts Explained

Posted by MoneyWisdom Newsletter on Apr 1, 2019 4:03:03 PM


Our Money Market and Higher Yield Savings accounts are both great savings vehicles when you're looking for a no-risk return on your money. Your funds at Hanscom FCU are federally insured up to at least $250,000 by the National Credit Union Administration (NCUA), an agency of the federal government. The following chart can help you understand how these accounts differ from each other so you can make the best decision for your finances.



Money Market

Tiered money market rates allow you to earn more on higher balances. You earn dividends on your savings without a long-term commitment.

Higher Yield

Gives you a higher rate of return on a high savings balance without losing liquidity.

Opening Deposit
$2,000 $25,000
Balance to Earn
No dividends are earned on any day when the ending balance is below $2,000. No dividends are earned on any day when the ending balance is below $25,000
Rate Structure Your earnings rate increases as your balance increases. Our online rate sheet has current dividend rates for each tier:
Your earnings rate remains
the same when your balance is $25,000 or more. Our online rate sheet has current dividend rates:
None None
Checks 50 free Hanscom FCU Money Market Account checks No checks available for this account
Deposits Unlimited Unlimited
Withdrawals Unlimited in-person
withdrawals. Make up to
6 additional withdrawals per month, including transfers to other Hanscom FCU accounts
by telephone or Online
Access HD. Three of these 6 withdrawals may be made by check (minimum $250). Automatic withdrawals are not allowed.
Make one withdrawal per month with no penalty or fees. A $25 fee for each additional withdrawal per month will apply.

We make signing up for a Hanscom FCU Money Market or Higher Yield Savings
account easy. Just visit us online at, call us at
800-656-4328, or stop by one of our 21 branches to open an account today.

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*APY = Annual Percentage Yield. No minimum balance requirements apply to this account. Rates for a CU Thrive Account are fixed for the full term (12 months) with a maximum contribution amount of $500 per month. You may schedule transfers up to $500.00 (minimum $5.00 ) each month from a Hanscom FCU checking account. This account will not automatically renew at maturity. There can only be one CU Thrive account open per membership. Please refer to the Disclosure for Personal Accounts for more information. Early withdrawal penalties may apply to certificates. Fees may reduce earnings and the principal amount may be reduced to cover the penalty. To get started click here, stop by any office or call our Member Services Department at 800-656-4328.

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