What money market accounts does Veridian offer?
You can open a Traditional Money Market with as little as $1,000 or a Premier Money Markets starting at $2,500. No matter which you open, your account has:
- No monthly service fees
- Unlimited in-person transactions and up to six free electronic transactions per month
- Convenient 24-hour access to your money via online banking and our mobile app
Dividends are calculated daily and posted monthly. With a Premier Money Market, your account will earn dividends daily based on the balance of your account. Below is a list of tiers that determine the daily rate earned. If your Premier Money Market balance falls below the required $2,500, you will earn the rate of the Traditional Money Market account, and if your balance falls below the $1,000 Traditional Money Market requirement then will earn the savings account rate. Note: accounts below $50 do note earn interest and a.
For example, if your account balance is $3,000 for days 1-10 and $10,000 for days 11-30 of the month, you would earn the Premier Money Market Tier 1 rate for days 1-10 and Premier Money Market Tier 2 for days 11-30.
Click here to view our Money Market Rates.
Note: Accounts below $50 do not earn interest and Savings and Traditional Money Market Accounts do not automatically convert to a Premier Money Market account if their balance reaches $2,500. You can open a Premier Money Market Account using our digital banking services, stopping by any Veridian Credit Union branch, or by phone.
Savings Account Tier: $50-$999
Traditional Money Market Tier: $1,000-$2,499
Premier Money Market Tier 1: $2,500-$9,999
Premier Money Market Tier 2: $10,000-$24,999
Premier Money Market Tier 3: $25,000-$49,999
Premier Money Market Tier 4: $50,000-$99,999
Premier Money Market Tier 5: $100,000-$249,999
Premier Money Market Tier 6: $250,000-$499,999
Premier Money Market Tier 7: $500,000-$999,999
Premier Money Market Tier 8: $1,000,000+