Money Markets

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.

Open an account

We have three types of money markets: Insured Money Management, Investor's Choice, and High-Yield 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.

Making 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 Funds must be withdrawn in amounts of $250 or more.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.

 

Money Market Rates

Current as of: 12/11/2018
Money Market Account Balance Tier Dividend Rate Annual Percentage Yield1 Min. to Open Min. to Earn
Investors Choice $100,000 and above 0.75% 0.75% $10,000 $100,000
Investors Choice $25,000-$99,999 0.65% 0.65% $10,000 $25,000
Investors Choice $10,000-$24,999 0.40% 0.40% $10,000 $10,000
Investors Choice $0-$9,999 0.25% 0.25% $25 $1
Insured Money Management $2,500+ 0.30% 0.30% $2,500 $2,500
1Money Market Rates: Dividends and annual percentage yields (APY) accurate as of the last dividend declaration date. The interest rate and annual percentage yield may change after account opening. Fees could reduce earnings on the account. Available to individual and small business member accounts only. Not available to investment companies and financial institutions. Maximum deposits limits may apply.

High-Yield Rates

Current as of: 12/11/2018
High-Yield Savings Balance Tier Dividend Rate Annual Percentage Yield1 Min. to Open Min. to Earn
$200,000 and above 1.39% 1.40% $50,000 $200,000
$150,000-$199,999 1.14% 1.15% $50,000 $150,000
$100,000-$149,000 0.90% 0.90% $50,000 $100,000
$50,000-$99,999 0.80% 0.80% $50,000 $50,000
$0-$49,999 0.25% 0.25% $50,000 $10,000
1High-Yield Savings: Dividends and annual percentage yields (APY) accurate as of the last dividend declaration date. $50,000 minimum balance to open and maintain the account. Rates may vary after account is opened. Minimum daily balance to earn must be maintained each day to obtain the disclosed APY. Dividends are calculated daily and credited and compounded monthly. Programs, rates, terms, and conditions are subject to change without notice. Fees may reduce earnings on account. Available to individual and small business member accounts only. Maximum deposits limits may apply.

   
Comments (6)
high yield savings
tony r
 • 13 days 23 hrs 21 mins 36 secs ago
Was their a time when high yield was not available? at the time I opened a investers choice account to keep my money liquid, as it appeared a high yield account was not available, so high yield pays a monthly dividend like investers choice? also what is the minimum you can withdraw, would consider closing the investers choice and xfer to a high yield if the withdrawl min. is the same + monthly dividands
 

Re: high yield savings
Dupaco Moderator
 • 13 days 6 hrs 41 mins 15 secs ago

Hi Tony, yes, our High Yield Accounts were recently brought back and can be opened now. Both the High Yield and Investor's Choice dividends are paid monthly. We will have a member service representative reach out to you to see if moving to the High Yield account will be in your best interest.

 

high yield savings
tony r
 • 13 days 23 hrs 21 mins 36 secs ago
Was their a time when high yield was not available? at the time I opened a investers choice account to keep my money liquid, as it appeared a high yield account was not available, so high yield pays a monthly dividend like investers choice? also what is the minimum you can withdraw, would consider closing the investers choice and xfer to a high yield if the withdrawl min. is the same + monthly dividands
 

Re: high yield savings
Dupaco Moderator
 • 13 days 6 hrs 41 mins 15 secs ago

Hi Tony, yes, our High Yield Accounts were recently brought back and can be opened now. Both the High Yield and Investor's Choice dividends are paid monthly. We will have a member service representative reach out to you to see if moving to the High Yield account will be in your best interest.

 

investors choice
Jeff
 • 616 days 22 hrs 4 mins 42 secs ago
Above it states that checks cannot be made to withdraw funds from the 3 types of money markets. Is that true? I thought you could write checks from investors choice.
 

Re: investors choice
Dupaco Moderator
 • 615 days 5 hrs 43 mins 53 secs ago

Hi Jeff, checks cannot be written from these accounts, only in-person and online withdrawals can be done.

 

APY
Tony
 • 936 days 5 hrs 56 mins 33 secs ago
notice that my regular savings pay's a dividend every 90 days @ aprox.40%, how does the investors choice differ?
 

Re: APY
Dupaco Moderator
 • 936 days 1 hr 49 mins 8 secs ago

Hi Tony, our investors choice account offers a tiered interest rate starting with an investment of $10,000 and pays interest monthly. Minimum withdrawals of $250 or more are required to access funds.

 

High-Yield / No Access
Zach
 • 1051 days 5 hrs 21 mins 51 secs ago
Why have/list High-Yield Savings if you can't open an account anymore???
 

Re: High-Yield / No Access
Dupaco Moderator
 • 1050 days 7 hrs 35 mins 38 secs ago

Hi Zach, due to regulations, we have to disclose the rates, even if account opening is closed.

 

Interest
Ian T
 • 1093 days 6 hrs 22 mins 33 secs ago
What is the Interest Frequency and Compounding for your money market? Thank You!
 

Re: Interest
Dupaco Moderator
 • 1092 days 4 hrs 24 mins 2 secs ago

Hi Ian, the interest on the money markets accrues daily, and is paid out monthly.

 

rate match
John
 • 1359 days 3 hrs 36 mins 16 secs ago
Since you do not seem to be able to provide an answer to a secure email - I will ask the simple question here; Will Dupaco match deposit rates of other local credit unions? I can get .25% more on the same money at a different local credit union.
 

Re: rate match
Dupaco Moderator
 • 1359 days 3 hrs 30 mins 44 secs ago

Matching a rate is possible but it does depend on the type of account you’re looking for a match on. Typically we only match on term share certificate rates. We also consider the members' overall relationship with Dupaco before committing to a rate match.

 

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