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Home › Personal › Money Market Account
Higher Balances Deserve
Higher Rates
We know how hard saving can be, so we think that your efforts should earn you a higher dividend rate. That’s why our Money Market Account offers one of our most competitive dividends. The more you save, the more you earn and the faster your money grows.
It All Starts Here
The first step is opening a Basic Savings Account, instantly making you a Grow member. From there, you have complete access to all the benefits of membership in a credit union, including opening other high-dividend savings accounts best suited to your financial goals.
Open a Basic Savings Account
Already applied?
Open a Money Market Account in Online Banking
Why Choose a Money Market Account?
Whether you use it to save for an emergency fund, extra spending money, a down payment on a home or another financial goal, your Money Market Account will earn dividends while keeping your money accessible at all times. It’s a great tool for saving money for a rainy day while earning a competitive rate.
View Our Rates
Tiered rates
Access to your money
No minimum balance
Insured by NCUA
Watch Your Savings Grow
Discover how much you could earn below.
| Money Market Account | Dividend Rate | Annual Percentage Yield (APY) |
|---|---|---|
| Balance less than $25,000 | 1.10% | 1.11%1 |
| Balance of $25,000 to $49,999.99 | 1.45% | 1.46%1 |
| Balance of $50,000 to $99,999.99 | 1.65% | 1.66%1 |
| Balance of $100,000 to $249,999.99 | 1.85% | 1.86%1 |
| Balance of $250,000 to $499,999.99 | 2.05% | 2.07%1 |
| Balance of $500,000 and more | 2.25% | 2.27%1 |
| Dividend Rate | 1.10% |
|---|---|
| Annual Percentage Yield (APY) | 1.11%1 |
Get the Most Out of Your Savings
Our dedicated Grow team members have crafted this guide to help you understand and maximize your savings options.
See All Blogs
September 9, 2021
Open a Money Market Account for Better Rates and Access to Your Money
If you’re looking to earn one of our most competitive rates but still be able to get your hands on your money when you need it, opening a Money Market Account is the perfect solution.
Learn More
April 4, 2024
Save More to Earn More With Money Market Accounts
Earn one of our most competitive rates while still maintaining access to your funds with a Money Market Account.
Learn More
March 11, 2024
Beyond Basic Savings: More Savings Options at Grow
Grow membership starts with a Basics Savings Account, but your savings options don’t stop there. We make saving easier with smart accounts and competitive dividends that help you make the most of what you’ve got.
Learn More
Important Information About Procedures for Opening a New Account
To help the government fight the funding of terrorism and money laundering activities, federal law requires all financial institutions to obtain, verify and record information that identifies each person who opens an account. What this means for you: when you open an account, we will ask for your name, address, date of birth and other information that will allow us to identify you. We may also ask to see your driver’s license or other identifying documents.
Accounts are subject to approval.
1The APYs are accurate as of 06/01/2024 and may change without notice after the account is opened. This is a tiered account. Variable Rate Account. Fees could reduce earnings.
How to Find Your Routing & Account Numbers
When you make a payment online, by phone or on a mobile device, you may be asked for our routing number and your checking account number. Credit unions and banks use these numbers to identify accounts and make sure money gets where it’s supposed to be. You’ll also need to provide your routing and checking account numbers for:
- Direct deposits
- Electronic checks
- Military allotments
- Wire transfers
Where to Find Your Routing & Checking Account Numbers
Your personal checks include both our routing number and your account number, as shown on the Grow check example below.
Don’t have a Grow check? No worries.
Visit any Grow store and ask for a Direct Deposit Form. It lists both your routing number and checking account number.
Making a Loan Payment
When it comes to making payments, we try to make it as painless as possible to pay your loan every month. We have several different ways to pay, including convenient online options.
Pay Online
You have two ways to pay online by transferring funds from another bank or credit union.
- Grow Online Banking (Preferred payment method for any loan)
This is the simplest way to pay your loan. You can make one-time payments or set up automatic recurring payments in Grow Online Banking. Once you log in, select “Transfer/Payments” from the menu. If you’re not enrolled in Grow Online Banking yet, you can set up your account in just a few minutes.
Log In
- Debit Card or ACH (Available for auto, personal loans and HELOCs)
Note: ACH and debit card payments are not available for credit cards or most mortgages, except HELOCs.
We accept ACH payments with no additional fees or Mastercard® and Visa® debit cards with a convenience fee of $4.95. To get started with an online ACH or debit card payment, select Pay Now below.
Pay Now
Pay by Mail
You can also pay any Grow loan by check through the mail. Please remember to include your account number and Grow loan number on the check. (For credit card payments, please do not write your 16-digit credit card number on the check, which can cause a delay in processing the payment.)
Address for auto, credit card, personal loan and HELOC payments:
Grow Financial Federal Credit Union
P.O. Box 75466
Chicago, IL 60675-5466
Address for personal first or second mortgages and home equity payments:
Grow Financial Federal Credit Union
P.O. Box 11733
Newark, NJ 07101-4733
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