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How is a Money Market Account different from a regular savings account?

An SFCU Money Management Account, also known as a Money Market Account, typically offers a higher dividend rate than a regular savings account, helping members earn more on larger balances while maintaining access to their funds.

Both account types provide a safe place to save money, but a Money Management Account is designed for members who want to earn a higher return on their savings while keeping funds available for future needs. Dividend rates and minimum balance requirements may differ from those of a traditional savings account.

A Money Management Account can be a good option for building emergency savings, holding short-term cash reserves, or saving for larger expenses while earning higher dividends than a regular savings account.

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