Earn more, access your money easily, and bank with people who know your name.
Why Choose a Money Market Account?
A money market account is a high-yield savings option that gives you the best of both worlds: higher returns than a regular savings account and the flexibility to access your money when you need it.
At Greater Iowa Credit Union, we know you want to grow your savings, without sacrificing convenience or transparency. Whether you’re building an emergency fund or setting money aside for your next big goal, our money market accounts help your money work harder while staying within reach.
Perfect if you:
- Want to earn more interest than a traditional savings account
- Need access to your funds without early withdrawal penalties
- Prefer to bank locally with a credit union that puts members first
Standard Money Market Account
A Money Market Account requires a minimum deposit of $2,500 and offers tiered dividend rates, meaning the more you save, the more you can earn. It’s a great option for members looking to grow their savings with higher earning potential than a standard savings account while still maintaining flexible access to their funds without committing to a fixed term.
Key Features:
- Competitive dividend rates
- No monthly service fee with minimum balance
- Easy access through online and mobile banking
|
eMoney Market Account
Our eMoney Market Account is designed for digital-savvy savers who maintain larger balances and want to maximize their earning potential. With a minimum balance requirement of $10,000 and enrollment in e-Statements, this account offers high-yield money market performance while providing the convenience of managing your savings online.
Key Features:
- Even higher tiered dividend rates
- Streamlined, paper-free account management
- 24/7 access through our secure digital platforms
|
Is a Money Market Account Right for You?
A money market account could be a smart move if:
- You're building a larger emergency fund
- You want to maximize earnings without locking in a term like a CD
- You value flexibility and easy access to your money
- You prefer banking with a local institution that puts members first
Why Open Your Account with Greater Iowa Credit Union?
At GICU, you’re not just earning a great rate, you’re joining a community that cares. We’re committed to helping you reach your financial goals with products that serve you now and into the future.
- Trusted financial partner serving Iowa since 1932
- Federally insured deposits for peace of mind
- Friendly, local service from people who know your name
- Digital tools that simplify saving
- A strong reputation for honesty, transparency, and member-first service
Ready to get started? Open a Money Market account today and start managing your money with confidence.
Find a Location
Money market faqs
- What is a money market account?
A money market account gives you a way to earn higher dividends while still keeping your savings accessible. Our Money Market account is designed for members who want more earning potential than a standard savings account without committing their money to a fixed term like a certificate. It can be a useful option for emergency savings, larger planned expenses, or funds you want to keep flexible.
- How does a money market account work?
With a money market account, the money you deposit earns dividends based on the account’s rate structure. GICU’s Money Market accounts use tiered dividend rates, which means your earning potential may increase as your balance grows. Unlike a certificate, your funds are not locked in for a set period. You can manage your account through online and mobile banking, giving you convenient access when you need it.
- Are money market accounts FDIC insured?
Money market accounts at GICU are federally insured, but not by the FDIC. Because GICU is a credit union, eligible deposits are insured through the National Credit Union Administration, or NCUA, rather than the Federal Deposit Insurance Corporation. This federal insurance helps protect members’ deposits in covered accounts, including qualifying savings and money market accounts held at federally insured credit unions.
- How do I open a money market account with GICU?
To open a Money Market account with us, you can contact a local GICU branch for help getting started. New members may also need to establish credit union membership with a Primary Share account. Be prepared to provide identification, proof of address, proof of Social Security number or ITIN, and the required opening deposit so GICU can complete the account setup process.
- What’s the minimum to open a Money Market account at GICU?
The minimum deposit to open our standard Money Market account is $2,500. We also offer an eMoney Market account for members who prefer a digital-focused savings option, which requires a $10,000 minimum balance and enrollment in eStatements. The right option depends on how much you plan to deposit, how you prefer to manage your account, and your savings goals.
Explore More savings Options
Share Certificates
Stash your money in our secure, high-rate certificates so you know it will be there when you need it.
Learn More
|
Health Savings Account (HSA)
Save smarted with a tax-advantaged Health Savings Account.
Learn More
|
Traditional & Roth IRA Accounts
Save for the long run with an Individual Retirement Account.
Learn More
|