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How To Know If A Money Market Account Is Right For You

How to know if a money market account is right for you

By Meggan Heacock
Vice president, controller at Dupaco

If you’ve been paying yourself first and growing your savings, congratulations!

Eventually, you might reach a point where a traditional savings account isn’t enough, because other avenues can help you save even more.

One saving strategy—a money market account. Knowing how Dupaco’s money market accounts work can help you decide whether it’s a good fit for you.

Money market account basics

Earn even more

The more you save, the more interest you earn compared to a traditional savings account. You typically start reaping the benefits of a money market account once you’ve saved at least $2,500.

Don’t have that much saved yet? You can get there by creating a Savings Goal within Shine Online and Mobile Banking.

Click the green plus sign on your account summary page to get started. Then name your money market goal, enter the amount you want to save and set your completion date. You can even set up an auto transfer to your Savings Goal account to save weekly, biweekly, monthly or a custom amount!

Keep saving

Just like a regular savings account, you can make deposits any time in person, through payroll deduction or by account transfer.

Easy access

Unlike a term-share certificate, you don’t have to commit to saving for a set period. If you have a certificate that’s about to end and don’t want to keep your funds locked up, this can be a great option.

You can withdraw money (a minimum of $250) any time, and your first six online withdrawals are fee free.

Not penalized

You aren’t hit with fees if your balance decreases.

Available to all

Our money market accounts are a member benefit—for both new and existing members. You don’t have to bring new money to the credit union to take advantage of our competitive, consistent rates.


Your funds are federally insured by the National Credit Union Administration.

Learn more

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