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MAFCU Money Market Accounts
Investing in a money market is another way of earning higher dividends and keeping the funds in your account accessible to you. A MAFCU Money Market Account is a savings account that earns higher dividends than a regular savings plan, and gives members limited check-writing ability and your check order is free. Deposits can be made at anytime. The minimum balance required for opening and maintaining this account is $1,500.
If the balance falls below $1,500 at any time during the month, the dividend rate will default to the regular share rate.
Transaction Limitations
Three withdrawal transactions per month, which could include, but are not limited to the following: ·
- a direct check withdrawal
- a draft written on the account
- an ACH withdrawal or preauthorized debit
- a transfer to another account or between accounts
After 3 withdrawals within a one-month period, there is a $5 charge per withdrawal. There is a $22 returned item fee.
For more information on any of MAFCU’s investment options, contact MAFCU Member Services at 617-278-5600.
