Business Money Market Accounts
HFCU’s Money Market Accounts for small businesses allow members* to save for future expenses like taxes, insurance, and large purchases. Its flexibility, competitive dividend rates, and attractive terms make this an ideal account for your business. Money Market accounts are savings accounts with limited checking access. The great news is that you will earn a higher yield on these accounts compared to Regular Savings. With an HFCU Money Market account, you can make up to six withdrawals or transfers per month, allowing convenient access to your account. All it takes to open a Business Money Market account is a low minimum balance of $2,000. And with the tiered dividend structure, the more money you have in your account – the more you will earn!
Rates Below Effective: January 1, 2020 and are Payable February 1, 2020
Insured Money Market Rates
|$.00 – $1,999.99||0.00%||0.00%|
|$2,000 – $9,999.99||0.648%||0.65%|
|$10,000 – $19,999.99||0.698%||0.70%|
|$20,000 – $39,999.99||0.797%||0.80%|
|$40,000 – $99,999.99||0.995%||1.00%|
|greater than or equal to $100,000||1.193%||1.20%|
*Must be eligible for Houston Federal Credit Union membership and open a share savings account with a $5 minimum deposit in order to become a member and obtain any product or service.
**APY = Annual Percentage Yield.
Rates are subject to change weekly.
Fees and other conditions could reduce the earnings on the account.
Share dividend rates are set by the Board of Directors monthly. Certificate dividend rates are set weekly.