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Money Market
Offering the Best of Both Worlds
Island Federal’s Money Market accounts blend the high earnings potential of certificates with the flexibility of savings accounts.
Money Market Rates
Questions about Money Market accounts? Schedule an appointment with one of our experts!
Money Market Gold
Earn more as your account grows:
• Enjoy higher yields than traditional savings accounts
• Open with a minimum of $50,000 and add as you go
• Featuring tiered dividend rates, the higher your balance, the higher your yield
• Receive your first box of 50 checks free, conduct any number of branch transactions, and authorize up to 6 automated withdrawals (3 of which can be checks cleared) each month at no charge
Money Market Plus
Strong yields and financial flexibility all in one account
• Enjoy high yields with deposits as low as $2,500
• Receive your first box of 50 checks free, conduct any number of branch transactions, and authorize up to 6 automated withdrawals (3 of which can be checks cleared) each month at no charge
Island Money Market Gold
Premium yields – the answer to higher returns.
- Enjoy dividends comparable to a certificate or money market account – and virtually unlimited funds access.
- Open this account with as little as $50,000 – and add to your savings at any time.
- Tier Dividend rate amounts- the higher your balance, the higher your yield.
- Receive first box of 50 checks free, conduct any number of branch transactions, and authorize up to six automated withdrawals, three of which can be checks cleared, each month – at no charge.
Island Money Market Plus
Higher yields – and greater financial flexibility – in one.
- Enjoy high yields with only a deposit as low as $2,500.
- Receive first box of 50 checks free, conduct any number of branch transactions, and authorize up to six automated withdrawals, three of which can be checks cleared, each month – at no charge.
Earn More Without the Lock-In
A high yield option for those who want flexibility.
No need to lock in for a term to get premium yields on your deposits. It combines the benefits of savings and checking in one account.
Accessing your funds is as easy as writing a check.
Receive a first box of 50 checks free, conduct any number of branch transactions, and authorize up to six automated withdrawals, three of which may be checks cleared.
Money Market Plus lets you earn higher rates than a regular savings account.
Earn higher yields with a minimum deposit of $2,500. Watch your savings grow!
For even higher yields, open a Money Market Gold
The tiered Money Market Gold Account lets you earn the highest dividends on any flexible product with a minimum opening balance of $50,000. The more you save, the higher the rate you earn.
Higher Returns, Complete Flexibility
Looking for better returns on your savings without giving up easy access to your money? Island Federal’s Money Market accounts are designed for savers who want the best of both worlds.
We offer two great options to fit your needs. The Money Market Plus account lets you get started with just $2,500 and comes with competitive rates plus the convenience of check-writing privileges. If you have a larger balance to work with, our Money Market Gold account starts at $50,000 and features tiered APYs that increase as your balance grows, giving you even better returns.
Both accounts come with NCUA insurance protection for your peace of mind, earn dividends on your balance, and include a complimentary first box of checks. Whether you’re looking for an alternative to traditional savings accounts or want something more flexible than a CD, these money market options give you a smart, secure way to grow your money while keeping it accessible when you need it.
Hear From Our Proud Members
“The Bellmore Branch is the absolute best! We’ve been members of Island Federal since it was LILCO credit union and have been using the Bellmore Branch since it has open and the experience is always a pleasure.”
Mark D.
Bellmore
“Riverhead branch is fantastic! They explained everything to me and made sure my wire transfer was received. They are an excellent representative of the Credit Union.”
Polly D.
Riverhead
Frequently Asked Questions
What is the difference between a Money Market Plus Account and a Money Market Gold Account?
The Money Market Plus Account can be opened with as little as $2,500 and earn higher interest than Savings. The Money Market Gold requires a minimum balance of $50,000 and earns a higher rate than Money Market Plus.
Can I use my Money Market Account in lieu of my Checking account to pay bills?
No. A Money Market is not intended to be used as a primary Checking Account to pay bills. You can readily move money from your Money Market account to your Checking account.
How can I open a Money Market Account?
Visit any branch or open an account online.
Disclosures
*APY=Annual Percentage Yield. Rates and terms are subject to change without notice. 1. Money Market Gold: Minimum balance required to earn disclosed interest is $50,000. Money Market Gold balance below $50,000 will earn the disclosed APY in effect for the Regular Savings Account. Maximum six withdrawals or transfers per month. Tiered-rated account which has several dividend rates that are applicable to specified balance levels. 2. Money Market Plus: Minimum balance required to open and earn disclosed APY is $2,500. If the account falls below the required minimum balance, the account will be subject to a below minimum balance fee. Maximum six withdrawals or transfers per month. Dividends are calculated on daily balance and credited monthly. See Fee Schedule for full list of applicable fees. Disclaimer: Island Federal makes every effort to ensure that the information posted is current and accurate; however, we make no warranties of any kind, expressed or implied. 1Variable rate accounts. Membership eligibility applies.