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 Funds must be withdrawn in amounts of $250 or more.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: 10/21/2018
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: 10/21/2018
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 member accounts only, commercial deposits are not accepted in the High Yield Savings Account. Maximum deposits limits may apply.

   
Comments (5)
investors choice
Jeff
 • 565 days 11 hrs 56 mins 2 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
 • 563 days 19 hrs 35 mins 13 secs ago

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

 

investors choice
Jeff
 • 565 days 11 hrs 56 mins 2 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
 • 563 days 19 hrs 35 mins 13 secs ago

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

 

APY
Tony
 • 884 days 19 hrs 47 mins 53 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
 • 884 days 15 hrs 40 mins 28 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
 • 999 days 19 hrs 13 mins 11 secs ago
Why have/list High-Yield Savings if you can't open an account anymore???
 

Re: High-Yield / No Access
Dupaco Moderator
 • 998 days 21 hrs 26 mins 58 secs ago

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

 

Interest
Ian T
 • 1041 days 20 hrs 13 mins 53 secs ago
What is the Interest Frequency and Compounding for your money market? Thank You!
 

Re: Interest
Dupaco Moderator
 • 1040 days 18 hrs 15 mins 22 secs ago

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

 

rate match
John
 • 1307 days 17 hrs 27 mins 36 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
 • 1307 days 17 hrs 22 mins 4 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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