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Money Market Account

Put your money to work

Get a better interest rate while still enjoying access to convenient withdrawals.

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  • A better way to save

    Enjoy higher interest rates with higher balances.

    Put your money to work and start earning a higher rate of return with a Money Market Account from Magnolia FCU. With tiered interest rates, a higher balance means getting a higher interest rate. Plus, you’ll always have easy access to your money whenever you need it. Join today and start earning more!

    • Earn competitive dividends on balances over $2,500
    • Make up to 6 withdrawals per month
    • Enjoy convenient direct deposit, payroll deductions, and check writing
    • Get dividends credited to you monthly
    • Stay secure with account insurance up to $250,000


  • Rates


    Money Market Account

    Minimum Deposit To Open Average Daily Balance Required to Earn Dividends RateAPY
    $2,500 $2,500 - $19,999.99 0.150% 0.15%
    $2,500 $20,000 - $499,999.99 0.300% 0.30%
    $2,500 $500,000+ 0.400% 0.40%

    The Dividend Rate and Annual Percentage Yield on your accounts are set forth above. For all accounts except certificates, the Dividend Rate and Annual Percentage Yield may change monthly as determined by the Board of Directors. Money Market accounts are tiered rate accounts. The Dividend Rate for a particular tier will apply to the entire account balance if the account balance is within the balance range for that tier. The Dividend Rates and Annual Percentage Yields are the prospective rates as of the effective 4/14/2023. For Certificate Accounts, the Dividend Rate and Annual Percentage Yield are fixed and will be in effect for the term of the account. For Certificate accounts, the Annual Percentage Yield is based on an assumption that dividends will remain on deposit until maturity. A withdrawal of dividends will reduce earnings.
    APY = Annual Percentage Yield

  • Frequently Asked Questions

    How many withdrawals can I make per month?
    You can make up to 6 withdrawals, 3 of which can be checks.
    Is there a minimum withdrawal amount?
    Yes. The minimum withdrawal amount is $500.


    For more information or if you have a question, please get in touch with us.

    Contact Us

Start saving today

Open your account right here online to start your savings journey.

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