A Money Market deposit savings account, like the Members Choice Maximum Money Market™, is all about giving you flexibility while still earning solid returns. It’s like the best of both worlds: you get a high interest rate (think of it as a mini “CD-like” return), but you don’t have to lock your money away for months or years. This means you can still add or withdraw your money whenever you need to.
What makes the Maximum Money Market™ extra awesome? Not only do you get a great rate, but there are also no monthly fees, and if you’re saving bigger amounts, you can get an even higher interest rate with even better earning potential. Plus, you can still access your money if life throws a curveball your way—flexibility is the name of the game here.
Enjoy exclusive benefits with a Members Choice Maximum Money Market™ account that you won't typically find with other accounts:
Access your money anytime without penalty.
No monthly fees (yay!).
Earn more if you save a larger amount.
Let’s explore the advantages of Certificates of Deposit (CDs)! A CD is a smart savings option that allows you to lock in a guaranteed interest rate for a set term—ranging from a few months to several years. This means your savings grow steadily and predictably, making it perfect for financial goals with a clear timeline.
CDs typically offer higher interest rates compared to other high-yield savings and money market deposit accounts, especially for longer terms, giving you an opportunity to earn more money. While your money is set aside for the duration of the term, this structure encourages disciplined saving and helps you avoid the temptation of unnecessary withdrawals, ensuring your money is earning more money the whole time.
Higher interest rates compared to regular savings or money market accounts.
You’re guaranteed the rate you lock in, which can be great if rates start to decline.
It’s a great option if you don’t need immediate access to your funds.
So, which one should you choose? It really depends on what you’re looking for in your savings plan!
Both options are great ways to grow your savings, so it’s all about finding the one that fits your needs. If you’re someone who values flexibility and ease, the Maximum Money Market™ could be your best bet. But if you’re looking to make sure your money is growing and you don’t need immediate access, a Certificate of Deposit (CD) might be the way to go.