What is Money Market?
Move your cash to one of our money markets to earn more. Each of Dupaco's money market account options gives you the flexibility to make withdrawals, unlike a term share certificate (the credit union's term for CD) where your money is locked in for a specified amount of time. And your deposits are federally insured, of course.
We have three types of money markets: Insured Money Management, Investor's Choice, and High-Yield1 Savings. The main difference between these account types is the minimum balance required to earn the daily dividend. Balances are tiered in the Investor's Choice and High-Yield Savings accounts, which means the more you save, the more you earn.
Money Market Yield
Money market yield is the income return on an investment, also known as the interest rate or the dividend earned by the account holder of the money market. Even during the economic downturn, Dupaco continued to reward our savers with above-market rates on money markets and other deposits.
Additional deposits may be made into the money market at any time and in any amount in person, or through payroll deduction or account transfer.
Withdrawal of funds
These liquid accounts allow you to withdraw funds at any time without penalty. Funds must be withdrawn in amounts of $250 or more. If a withdrawal is made below the $250 minimum, a service fee will be assessed. Withdrawals may be made in person or through online banking. Checks cannot be written on these accounts.
Open an account now, visit any of our locations, or contact a member service representative at (563) 557-7600 / 800-373-7600, ext. 206.
1 EFFECTIVE 4/19/2010, HIGH YIELD SAVINGS NO LONGER IS OFFERED AS AN INVESTMENT OPTION AND MAY NOT BE OPENED. Existing High-Yield Savings members may continue to make withdrawals from and deposits to their High-Yield account and take advantage of the yields. However, if the High-Yield savings account is closed, it may not be re-opened.