Money Market Account- If you're looking for higher rates, easy access, and federally-insured security for your savings, FCFCU's Money Market Account is for you. You can open your account with as little as $2,500 and earn dividends that often rival uninsured money market mutual funds. For our current high Money Market Account rates, visit our rates page. Use one of our savings calculatorsto see how fast your money can grow.

Unlike certificate accounts, your FCFCU Money Market Account is completely flexible. You can make deposits and withdrawals anytime with no penalty. You even have optional access by check (limit 3 per month by Federal regulation).*

The Money Market Advantage

Have you built up a substantial amount of savings? Would you like to earn higher dividends on that money than you can earn with a regular share savings account, and yet have the cash readily available if you need it? Then a money market account (MMA) may be right for you.

MMAs earn dividends at rates that are adjusted weekly, according to shifts in short-term market rates, such as Treasury bills. There are some restrictions, however, on how you can use an MMA. By federal regulations, you can make no more than six electronic transfers per month. And only three of those can be in the form of checks.

Be aware, too, that you'll need a minimum amount of money to open an MMA. And you'll need to maintain a minimum balance, or you'll face fees or reduced dividend rates.

An MMA is not a place to put funds that you need to dip into frequently. It is an excellent account in which to put your emergency reserves, or to park money you plan to invest later.

It's also a safe place for your money. At Fairfax County Federal Credit Union our MMAs (like all our accounts) are insured up to $100,000 by the National Credit Union Share Insurance Fund.

When choosing an MMA, consider:

* Minimum deposit and balance. How much will you need to open the account and what minimum amount must you maintain? What are the penalties if you fall below that minimum?

* Annual percentage yield (APY). This is affected by the dividend rate and the method of compounding. Daily compounding maximizes your earnings.

* Minimum check amount. Is there a limit on the size of the checks you write on your MMA?

* Minimum deposit. When you deposit money into your MMA, is there a set minimum on the size of that deposit?

When you shop and compare, we think you'll find FCFCU's MMAs to be an appealing option. To find out more, call a credit union representative at 703-218-9900 (press 3) or simply stop by.

Shares:

The APY (Annual Percentage Yield) assumes that dividends are to be added to principal.  Minimum opening deposits for certificates (except where noted otherwise):$1000.  Substantial penalty for early withdrawal.  Share certificate account terms: Dividends are calculated by the Daily Balance Method which applies a periodic rate to the principal each day.  Dividends are compounded and credited monthly and at maturity.  The APY is quoted based on the assumption that dividends will remain in the account until maturity; a withdrawal will reduce earnings.  Minimums to open Savings - $25; Minimum Balance to avoid a low balance fee for savings - $100.; Vacation or Holiday Savings - $100.  All rates subject to change without notice.  Funds must remain on deposit for full term to achieve stated rate.  Fees could reduce earnings.  For more information about fees and rates for these accounts contact your local credit union office or phone (703) 218-9900.

Loans:

All rates and terms are subject to change without notice and credit qualification.  APR is Annual Percentage Rate.  Managed risk lending pricing is used for vehicle and personal loans.  Maximum interest rate for loans will not exceed the maximum allowed by law.  The APR for certificate secured loans are based on current certificate rate plus 2.500% and subject to change on CD maturity. 

HELOC and Home Equity Loans available only on primary residences in Maryland, DC, and Virginia.  Minimum line of credit is $10,000.  Maximum line of credit amount is $250,000 up to 100% Loan to Value (LTV). Variable rates tied to Prime as published in the Wall Street Journal.