money in a jar

Money Market

A Money Market at Novation offers maximum liquidity, competitive rates, no lofty minimum balance requirements, no penalties or fees and is insured through the National Credit Union Administration (NCUA).* Simply earn a higher yield that is easily accessible at no cost to you. Enjoy unlimited withdrawals or deposits in person. You can even use our free home banking service, eBranch or our automated 24 X 7 Phone Banking service to receive up-to-the minute balance information and make transfers 24-hours a day.**

An opening deposit of only $2,500 is required and, unlike most banks, you won't pay a service charge for dropping below the minimum balance. Instead, dividends are not earned only for the day(s) the $2,500 minimum balance isn't maintained. Rates are based on three tiers, so the more you save, the more you earn.

Click here for a complete list of tiers and current above market rates.

Girl putting money into a piggy bank

* Your total savings at Novation are insured up to $250,000 through the NCUA.
** Electronic transfers/withdrawals are limited to six per month.