Money Market

Money Market Accounts are a special savings account and are insured by NCUSIF. The Interest Rate is based on Fed Funds Rate as quoted on http://www.federalreserve.gov/monetarypolicy/openmarket.htm

The interest rate is set according to the following formula:

  • 1,000.00 to 24,999.00 Fed Rate Less 1.50%
  • 25,000.00 to 74,999 Fed Rate Less 1.35%
  • 75,000 and up Fed Rate Less 1.25%
  • For example: Fed Funds Rate is 4.75%
    • 1,000.00 to 24,999.00 Fed Rate Less 1.50% is 3.25%  
    • 25,000.00 to 74,999 Fed Rate Less 1.35% is 3.40%   
    • 75,000 and up Fed Rate Less 1.25% is 3.50%

The account may be subject to the following fees

  • Maximum 6 withdraws per month
  • Excess withdraw fee of $5.00 per withdraw
  • Low Balance fee $10.00 per month is charged if the account goes below minimum balance of $1,000 any time during the month.

Interest is calculated daily and posted monthly. See the Share Rate page for current rates.

Please note: The Credit Union Board of Directors has set the rates for the Money Market account above the formula rate.

Wawa Emp Credit Union will be closed, Monday, January 20th, 2020

in observance of MARTIN LUTHER KING JR Day

You can access your account via online and mobile banking.

If you need to report a lost or stolen Debit or ATM Card, please call 800-528-2273.