Money Federal Credit Union

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written by Ken Tumin
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Banks and credit unions are battling it out for deposits...\r\nSee More\r\n

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Banks and credit unions are battling it out for deposits. Competition among financial institutions provides investors a broad menu of choices when it comes to certificates of deposit (CDs). We track daily rates from thousands of institutions to help you compare the best CD rates and find the best deal on your next CD. This table compares CDs of all maturities, making it easy to find the highest CD rate regardless of term. The highest rate CD often doesn’t have the longest term.

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Banks and credit unions are battling it out for deposits. Competition among financial institutions provides investors a broad menu of choices when it comes to certificates of deposit (CDs). We track daily rates from thousands of institutions to help you compare the best CD rates and find the best deal on your next CD. This table compares CDs of all maturities, making it easy to find the highest CD rate regardless of term. The highest rate CD often doesn’t have the longest term.

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written by Ken Tumin
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Interest rates on savings accounts vary greatly, which means you need to shop around to find your best rate available. It’s possible to find rates over 5.25%, while the average savings account rate stands at around 0.48% (as of November 2023). This is why we check rates daily at more than 5,000 U.S. banks and credit unions, to make it easy for you to gain the best possible return on your savings. The savings account table below allows you to compare savings account rates offered by financial institutions such as online banks, credit unions, community banks and the big nationwide banks.

\r\n","StateBlurb":"Compare rates on personal savings accounts in [state]. We check both the national banks and local banks in [state] every day to provide you with the most current savings account rates available in your area. If there is a local bank you would like to see listed here, let us know and we'll do our best to add it.","Active":true,"MinAmount":0.0000,"MaxAmount":24999.9900,"MinTerm":0,"MaxTerm":0,"AdditionalProducts":"","Tags":"-business,-health,-edu,-youth,-club,-retirement,-reward,-misc,-relationship","PageTitle":"High Yield Savings Accounts – Daily Rates | DepositAccounts","StatePageTitle":"[state] Savings Account Rates","DefaultAmount":25000.0000,"Meta":"Compare savings accounts from banks and credit unions across the country and see who's currently offering the best savings account rates.","StateMeta":"","Article":"","ShortName":"Savings","IsSectionIdNull":false,"IsNameNull":false,"IsInformaCodeNull":false,"IsUrlNull":false,"IsBlurbNull":false,"IsStateBlurbNull":false,"IsActiveNull":false,"IsMinAmountNull":false,"IsMaxAmountNull":false,"IsMinTermNull":false,"IsMaxTermNull":false,"IsAdditionalProductsNull":false,"IsTagsNull":false,"IsPageTitleNull":false,"IsStatePageTitleNull":false,"IsDefaultAmountNull":false,"IsMetaNull":false,"IsStateMetaNull":false,"IsArticleNull":false,"IsShortNameNull":false,"FullUrl":"/savings/","TagArray":[],"NegativeTagArray":["business","health","edu","youth","club","retirement","reward","misc","relationship"]},"Ad":null,"NationalRate":0.4928,"Score":50.0},{"Account":{"CharterType":"Community","CharterDmas":",555,","CharterAffiliations":"","AdCopy":"","TrackingPixel":"","Tags":"","EstimatedEpc":0.0,"PromoText":"","BlendedApy":false,"EstimatedEarnings":0.0,"DisplayName":"Money Market Savings","ProductGroupId":0,"ProductGroupName":"","BankId":17425,"SectionId":5,"Id":152459,"BankUrl":"money-cu.html","ProductName":"Money Market Savings","BankName":"Money Federal Credit Union","Apy":0.85,"RewardRate":0.0,"MinAmount":100000.0,"MaxAmount":999999999.0,"ClickUrl":"","LastUpdated":"2023-12-05T23:23:48.28","InstitutionType":"CU","Term":0,"MaxTerm":0,"States":"NY","OnlineStates":"","OtherAccounts":null,"TierGroups":[{"DisplayName":"Deposit Rate","Tiers":[{"Id":690833,"Min":100000.0,"Max":999999999.0,"Apy":0.85},{"Id":235203,"Min":50000.0,"Max":99999.99,"Apy":0.75},{"Id":235202,"Min":25000.0,"Max":49999.99,"Apy":0.65},{"Id":235201,"Min":10000.0,"Max":24999.99,"Apy":0.55},{"Id":235200,"Min":2500.0,"Max":9999.99,"Apy":0.5}],"Id":70868,"Tags":"","TierType":"deposit"}],"HqRates":false,"Ewp":0,"Variants":"","ReviewCount":1,"HasLogo":true,"FederallyInsured":true,"CuOpenStates":"NY","DmaCodes":",555,","Locations":1,"HasSelectedTier":false},"ComparisonAccount":null,"Product":{"Id":22,"SectionId":5,"Name":"Money Market Accounts","InformaCode":"DP02001","Url":"","Blurb":"
written by Ken Tumin | Updated on September 21, 2022
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A money market account (MMA) has a unique set of features that makes it a hybrid of a savings account and a checking account. Money market accounts offer high interest rates, and also easy access to your money.

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The money market accounts listed in the table below are sorted according to rates, from highest to lowest. This table lets you compare money market accounts from banks and credit unions — use the filter box to customize your results. Read on to learn more about the history, distinct features and benefits of these accounts.

\r\n","StateBlurb":"Compare rates on [state] money market accounts. Every day, we check both the national banks and regional banks in [state] to provide you with the most current money market rates available. We try hard to list as many local banks as possible so if there is one you would like to see listed here, please let us know and we'll do our best to add it. ","Active":true,"MinAmount":10000.0000,"MaxAmount":24999.9900,"MinTerm":0,"MaxTerm":0,"AdditionalProducts":"","Tags":"-business,-youth,-club,-edu,-retirement,-misc,-relationship","PageTitle":"Money Market Account Rates in [date] | DepositAccounts","StatePageTitle":"[state] Money Market Accounts","DefaultAmount":10000.0000,"Meta":"Compare money market account rates on more than 14,000 of the most popular banks and credit unions in the U.S. Discover which institutiuons currently offer the best money market accounts.","StateMeta":"","Article":"","ShortName":"Money Market","IsSectionIdNull":false,"IsNameNull":false,"IsInformaCodeNull":false,"IsUrlNull":false,"IsBlurbNull":false,"IsStateBlurbNull":false,"IsActiveNull":false,"IsMinAmountNull":false,"IsMaxAmountNull":false,"IsMinTermNull":false,"IsMaxTermNull":false,"IsAdditionalProductsNull":false,"IsTagsNull":false,"IsPageTitleNull":false,"IsStatePageTitleNull":false,"IsDefaultAmountNull":false,"IsMetaNull":false,"IsStateMetaNull":false,"IsArticleNull":false,"IsShortNameNull":false,"FullUrl":"/moneymarket/","TagArray":[],"NegativeTagArray":["business","youth","club","edu","retirement","misc","relationship"]},"Ad":null,"NationalRate":0.8401,"Score":20.0}];

Overview / Commentary
315-671-4000
100 Madison St Plaza Suite 100
Syracuse, NY 13202

Money Federal Credit Union is headquartered in Syracuse and is the 127th largest credit union in the state of New York. It is also the 2,475th largest credit union in the nation. It was established in 1976 and as of June of 2023, it had grown to 7 employees and 3,821 members at 1 location. Money Federal Credit Union's CD rates are 4X the national average, and it has a B health rating.

Field of Membership Restrictions

To be eligible for membership at Money Federal Credit Union, individuals must live, work, or attend school in the New York counties of Cayuga, Madison, Onondaga, or Oswego. Businesses and other legal entities within these counties are also eligible for membership.
See current membership details

Reviews

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Health
Additional Factors: Institutions with a small asset base, a short operating history, or negative return on assets can represent an instability risk beyond what their financial ratios indicate. Money Federal Credit Union has a relatively low asset base.

Health Grade Components

Overall
NCUA #22566
Year Chartered1976
Employees7
Primary Regulator
Profit Margin
Return on Assets - YTD0.11%
Return on Equity - YTD2%
Annual Interest Income$778.00K
Assets and Liabilities
AssetsQ2 2023vs Q2 2022$50.5MM$52.2MM
LoansQ2 2023vs Q2 2022$25.8MM$25.2MM
DepositsQ2 2023vs Q2 2022$47.4MM$48.3MM
Equity CapitalQ2 2023vs Q2 2022$2.8MM$3.7MM
Loan Loss AllowanceQ2 2023vs Q2 2022$0$179.00K
Unbacked Noncurrent LoansQ2 2023vs Q2 2022$60.00K$54.00K
Real Estate OwnedQ2 2023vs Q2 2022$0$0
Rates
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Always verify rates and promotions with the bank or credit union. We are not Money Federal Credit Union; we are a rate comparison website and cannot provide official rates or promotions.

* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.

Money Federal Credit Union Savings Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.10%$100-Regular Savings
0.10%--Holiday Savings
0.10%--Vacation Savings
0.10%--U-Name It Savings
0.10%--Teen Savings
0.10%--Kids Savings
0.10%--IRA Savings

Money Federal Credit Union Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.85%*$100k*-Money Market Savings
OTHER TIERS: 0.50% $2.5k - $10k | 0.55% $10k - $25k | 0.65% $25k - $50k | 0.75% $50k - $100k

Money Federal Credit Union CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
4.75%$500-18 Month Certificate-New Money
4.15%$500-18 Month Certificate
4.00%$500-12 Month Certificate
3.00%$500-24 Month Certificate
2.25%$500-6 Month Certificate
1.60%$500-60 Month Certificate
1.55%$500-48 Month Certificate
1.45%$500-36 Month Certificate

Money Federal Credit Union IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
4.00%$500-12 Month IRA Certificate
3.00%$500-24 Month IRA Certificate
1.60%$500-60 Month IRA Certificate
1.55%$500-48 Month IRA Certificate
1.45%$500-36 Month IRA Certificate
Locations


Money Federal Credit Union Locations
Branch Office100 Madison St Plaza Suite 100Syracuse, NY 13202

The financial institution, product, and APY (Annual Percentage Yield) data displayed on this website is gathered from various sources and may not reflect all of the offers available in your region. Although we strive to provide the most accurate data possible, we cannot guarantee its accuracy. The content displayed is for general information purposes only; always verify account details and availability with the financial institution before opening an account. Contact [email protected] to report inaccurate info or to request offers be included in this website. We are not affiliated with the financial institutions included in this website.