With a Money Market Account at Novation, you can reach your savings goals quicker. This high-yield savings account offers two rate tiers, so the more you save, the more you earn. You can also use eBranch Online Banking or 24 X 7 Phone Banking to receive up-to-the minute balance information and make transfers 24-hours a day.*
A Money Market Account also offers many other great benefits:
- No monthly fees
- Minimum balance to open is $2,500
- Unlimited in-person withdrawals and deposits*
- No minimum balance required (dividends accrue only when balances are $2,500 or higher)
- Federally insured by the National Credit Union Association (NCUA) up to $250,000
* Money Market Accounts are limited to a maximum of six (6) electronic transfers or withdrawals per statement cycle. There is not a limit on the number of deposits that can be made. This regulation applies to all U.S. financial institutions offering high-yield savings and money market accounts.