Savings
Higher yields as your balance grows
Tiered rates that start at $2,500 and step up at $25,000 and $100,000, with limited check writing when you need to reach the money directly.
Where a money market fits
For balances too large to leave idle and too near-term to lock into a certificate.
Three rate tiers
3.60% APY from $2,500, 4.05% APY at $25,000, and 4.40% APY once you cross $100,000.
Limited check writing
Six checks or outbound transfers per statement cycle, which covers a contractor payment or a tuition bill.
No lock-up period
Unlike a certificate, there is no term and no early withdrawal penalty. The balance stays yours to move.
No monthly fee
The account carries no service charge at any balance, including if you temporarily fall below $2,500.
NCUA insured
Insured to at least $250,000 per depositor. This is a deposit account, not a money market mutual fund.
Free internal transfers
Move money to and from Summit checking instantly at no charge, and those transfers do not count as withdrawals.
Rate tiers and terms
The rate shown applies to your entire balance once the tier minimum is met.
Rates current as of July 2026 and subject to change. Membership eligibility required. This is a demonstration website; rates, products, and figures shown are illustrative only.
Choosing between savings, money market, and certificates
A simple way to place each dollar according to when you will need it.
Money you may need this month
Keep it in High-Yield Savings at 4.15% APY. No minimum, unlimited withdrawals, and instant transfers to checking.
Money set aside for the next year or two
A Money Market account earns more as the balance climbs and still lets you write a check when a large bill arrives.
Money you can commit to a date
Share Certificates pay the most, up to 4.65% APY, in exchange for leaving the balance untouched for a fixed term.
Common questions
Is this a money market mutual fund?
No. It is an insured deposit account at the credit union. The principal does not fluctuate and NCUA insurance covers at least $250,000 per depositor.
What happens if I drop below $2,500?
The account stays open with no fee, and the balance earns the base rate of 0.75% APY until it climbs back above the tier minimum. Nothing is closed or penalized.
What counts against the six-item limit?
Checks, outbound ACH transfers, and wires. Transfers you make between your own Summit accounts, ATM withdrawals, and branch withdrawals do not count.
Does the top tier rate apply to my whole balance?
Yes. Unlike blended checking tiers, the money market rate is applied to the full balance based on the tier you land in for that statement period.
Can I get a debit card for this account?
A money market account does not carry a debit card. Link it to your Summit checking for card access, and use checks or transfers for larger payments.
Should I ladder certificates instead?
Many members do both, keeping a money market as the liquid layer and laddering certificates underneath. An advisor will map both against your timeline at no charge.
Move your balance to a better tier
Open a Money Market account online, or ask an advisor to compare it against a certificate ladder first.