Indexed money market

An indexed money market account through Everence provides a low-risk savings option with a higher savings interest rate. It also offers easy access to your funds and the flexibility of online and in-person banking options.
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Current rates

Watch your savings grow

Open an indexed money market account with $25, have a minimum balance of $50 to earn the APY, and keep $2,500 in the account to avoid the minimum balance fee.

Account type Balance APY1
Indexed money market (Tier 1) $50 to $2,500 5.50%
Indexed money market (Tier 2) $2,500.01 to $100,000 2.00%
Indexed money market (Tier 3) Over $100,000.01 1.00%
Open an indexed money market account

Opening an account is easy

Account overview

Important details about indexed money market accounts

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Qualifications

The indexed money market account is only for individuals. Only one indexed money market account can be opened per person.
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Rates

This is a variable-rate, tiered account tied to the Fed Funds Target Rate.
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Balance

If the balance drops below $2,500 at any time during the month, a minimum balance fee is charged.

 

Let Everence help you with your savings goals

Open an indexed money market account today (see steps above).

Everence Federal Credit Union

2160 Lincoln Highway E., Suite 20
Lancaster, PA 17602

Toll-Free: 800-451-5719
Phone: 717-735-8330
Fax: 717-735-8331
Text: 717-735-8332

Email: infocu@everence.com

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Find an Everence Federal Credit Union branch, shared branch, or fee-free ATM near you.

Disclosure

Rates current as of May 1, 2024.

1Annual Percentage Yield (APY). You must maintain the minimum average daily balance in a tier to obtain the disclosed APY. The APY is paid on the portion of the average daily balance within each tier and is based on the assumption that dividends remain on deposit within the account during the dividend period. Withdrawals and fees will reduce earnings. Compounding occurs monthly. Rates are established by the Board of Directors at the end of each month and are subject to change at any time without prior notice. If you close your account before dividends are credited, you will not receive the accrued dividends. Offer limited to one account per personal tax ID. 

2A $5 share savings deposit is required to establish membership.

The indexed money market is available to members of Everence Federal Credit Union and is different from the Everence Money Market Account available through Everence Capital Management for Praxis shareholders.