Money Market

A Money Market Account from SJFCU is the perfect solution for members who want

• a better return than a traditional savings account can offer
• no risk, and
• unfettered access to their funds.

For a low minimum deposit, a Money Market Account allows you to earn the higher dividends of an investment product, while being sure that the account funds are available and accessible, if you should need them.

South Jersey Federal Credit Union offers three Money Market options, depending on the member’s total investment of funds.

• Money Market – for deposits between the minimum of $1,500 up to $24,999
• Super Money Market – for deposits greater than $25,000, and
• Mega Money Market – for deposits greater than $100,000

The primary purpose of a Money Market Account, at any level, is to save money and watch it grow. Your Money Market Account earns dividends on balances of $1,500 and above. Dividends are compounded daily and posted monthly. In the event you need to make a withdrawal, the funds in your Money Market Account are easily accessible. Withdrawals can be made in person, by Money Market check, by mail, by phone or online via PCU.

You will be issued special Money Market checks when you open your account. You can make as many as six withdrawals per month – three of which may be made by Money Market check. However, your Money Market Account is not like a regular checking account. Money Market accounts are subject to federal regulations that impose limitations and penalties on excessive withdrawals.*

Your SJFCU Money Market Account funds are secure. Credit union deposits are insured up to $500,000 by a combination of insurance offered by the National Credit Union Share Insurance Fund (NCUSIF) and private insurance provided by the Excess Share Insurance (ESI) Corporation.

*Accounts falling below the minimum will incur a charge of $10 per month.

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