Indexed money market account helps you save!

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Our indexed money market rate changes as the Fed Funds rate shifts - currently 0.25% APY. 

Open our new indexed money market account and earn 0.25% APY1 on the initial $5,000, then earn 0.15% APY on any amount over $5,000 in the account. 

Here's what you need to know about the new indexed money market from Everence Federal Credit Union:

  • The indexed money market account is for everyone: individuals, nonprofits, churches, businesses.
  • The minimum balance to open the account is $5,000.
  • This is a tiered account tied to the Fed Funds Target Rate. The first tier (up to $5,000) is currently at 0.25%. Second tier ($5,000+) is currently 0.15%.
  • You can only have one indexed money market account.
  • If balance drops below $5,000 at any time during the month, a minimum balance fee of $10 is charged.
  • Like our other money market accounts, the indexed money market is limited to six checks or withdrawals per month. After six withdrawals a month, a $10 fee per additional withdrawal will be charged to the account.

If you are a current Everence Federal Credit Union member and want to open an indexed money market account, please complete and return the account changes form

If you are not currently an Everence Federal Credit Union member, use the appropriate membership application listed below to open your membership2 and also select the check box for the indexed money market account. 

If you have any additional questions, please contact our National Branch by calling/texting 800-451-5719 or emailing

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1APY = Annual Percentage Yield. This is a tiered, variable rate account. APY for Tier 1 is equal to the Upper Bound Fed Funds Target Rate. APY for Tier 2 is 75% of the effective Fed Funds Rate rounded up to the nearest 0.05%, with a floor of 0.25% and a ceiling of 3.00%.
A minimum balance of $5,000 is required to open account and must be maintained to avoid a below balance fee of $10 per month. The account is limited to six checks or withdrawals per month and will be assessed a $10 fee for each item exceeding six. Fees may reduce earnings. The rate and APY may change without notice. Limited to one account per tax ID. Offer may be withdrawn without notice.

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