Premium Money Market

What Are Money Market Accounts?

A money market account is a type of savings account that generally offers a higher interest rate than a traditional savings account. These accounts often have restrictions on the number of transactions that can be made from the account each month.

What Types of Money Market Accounts Do We Have?

At Kohler Credit Union, we offer two types of money market accounts: the Premium Money Market Account and the Fair Share Money Market Account.

The Premium Money Market Account is designed for account balances over $10,000 and offers a higher rate of interest than our other account options. However, if the average daily balance falls below $10,000 in any month, a $15.00 service fee will be accessed which may result in decreased earnings. This account has a minimum initial deposit of $10,000. The Premium Money Market Account is designed for account holders who want to earn a higher rate of interest and can maintain a balance of $10,000 or more.* This account is best suited for those who want to save for a specific goal, or for those who have a consistent income stream. This account is also beneficial for those who can maintain a high balance and are looking for a safe and secure place to grow their savings.

The Fair Share Money Market Account is a great option for those looking for a higher money market rate as compared to our basic share accounts. It does not have a minimum deposit requirement. The Fair Share Money Market Account is designed for account holders who are looking for a higher return rate then the basic share accounts. This account is best suited for those who have a lower initial balance to deposit or that would like to start saving towards a goal. This account is also beneficial for those who are looking for a safe and secure place to grow their savings over time, and for those who are looking for a more accessible account, with no minimum deposit requirement.

Both our Premium and Fair Share Money Market Accounts allow easy access to your funds. If you're interested in opening a money market account with us, we invite you to click the button above. Our friendly and knowledgeable staff will be happy to answer any questions you may have and assist you in opening an account that meets your needs.

*If the average daily balance falls below $10,000 in any month, the account will be accessed a $15.00 service fee which may result in decreased earnings. See Kohler Credit Union disclosure for more specific information.