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Money Market

With a Money Market Account at Novation, you can reach your savings goals quicker. This high-yield savings account offers three 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
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* 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.