Put simply, a money market is a kind of savings account, but with a few key differences from your traditional options. Money market accounts are designed to be a safe way to get a better interest rate for people. However, these kinds of accounts generally require a higher minimum deposit. And just like regular savings accounts, money market accounts have NCUA protection which makes them a safe place to save.

Why a money market account?

That makes money market accounts a good option for people looking for the benefits of saving money safely or finding a place to "park" a chunk of money while earning dividends, as well.

With a money market account, a person can deposit money into their account whenever they like. On the flip side, if a person wants to get fast access to their money they have that option, too.

All in all, this is a savings option that provides safety, flexibility, and a higher interest rate than you would earn from a regular savings account.

Learn about share insurance coverage at Visions.

Savings Accounts Articles

  • Share Insurance from NCUA

    As your credit union, we’re your financial steward, advocating for your financial well-being and protecting the assets you’ve entrusted to our care.

  • How to Make the Most of College Internships

    How to Make the Most of College Internships As a college student, I've taken advantage of numerous internships at my university and local businesses. They can be a great way to familiarize yourself with a company, industry, job responsibilities, and can even grow your network.…

  • Cash Income: Dos and Don'ts of Cash Management

    Cash Income: Dos and Don'ts of Cash Management My first jobs were in cafes and restaurants.  Depending on the gig and the season, income was inconsistent week to week and month to month, generally less in payroll and more in tips. At times, I was earning 100% cash, with pri…

Visions Federal Credit Union

Log in here with your Online Banking ID:

Online Enrollment

Forgot Password

Forgot User ID/Unlock Account

You are leaving the Visions Federal Credit Union web site. The privacy and security policies of the external link may differ from Visions Federal Credit Union. Visions Federal Credit Union does not own or control external links and is not responsible for the availability or accuracy of their content.