At SAFE, we’re here to support you and cheer you on as you reach your savings goals. Whether you’re just getting started or building on what you already have, we’ve got options—from everyday checking and savings to longer-term plans like IRAs and certificates.
One option that doesn’t always get the spotlight is a money market account. That’s why we’re breaking it down for you, so you can see if a money market account is the right fit for your financial journey.
New to SAFE? Learn how you can earn even more with a money market account with our limited-time special offer below!
What is a Money Market Account?
You can think of a money market account like a hybrid between a savings and checking account. It offers higher dividends than traditional savings accounts while providing easy accessibility to your funds. SAFE money market accounts give you access when you need it: write checks, transfer funds online, or use the SAFE Mobile App.
Benefits of a SAFE Money Market Account
In addition to paying dividend rates higher than traditional savings accounts, SAFE’s money market accounts offer a number of other benefits.
- Dividends paid monthly: Dividends from the money market account are earned on a monthly basis.
- Avoid monthly service fees: We won’t charge monthly service fees on average daily balances of $2,000 or more.1
- Free online banking and SAFE Mobile App: You can access and manage your account directly on your smartphone whenever you’d like.
- Overdraft protection: You may select the money market account as the overdraft protection for your SAFE checking account.
- Check-writing: Access your money with check-writing when you need it most.
- Insured by NCUA: Funds are federally insured by NCUA to at least $250,000.
Is a Money Market the Right Choice for You?
A money market account can be a beneficial choice to add to your account mix. Here’s a way to think about it compared to other savings and checking accounts.
- Savings accounts. A money market account generally pays higher dividends than traditional savings.. However, to avoid monthly service fees, money market accounts require a minimum balance of $2,000, where the minimum balance for savings accounts is $5.
- Checking accounts. While you may write checks from a money market account, it is not designed to be an everyday spending account.
- Certificates. Whereas a certificate allows you to set aside money for a specific term, funds in a money market account are available to you at any time. In some cases, the dividend rates on certificates and money market accounts are comparable.
If you would like to learn more about how a money market account can work for your savings goals, we’re ready to help. Consider scheduling an appointment with a SAFE representative at a branch or through our Contact Center so we can dedicate the time to have a conversation about money market accounts. You can also explore SAFE’s money market accounts on our website.
Special Offer for New SAFE Members!
New members who open a Level Up Money Market or Business Money Market account between May 1 and June 30, 2026, with a minimum of $2,000 in new money, will receive an introductory 3.30% APY2 on balances of $2,000 to $25,000 and 2.22% - 3.30% APY on balances over $25,000 for three months!
Here are more details about this limited-time offer:
- Available to new members and members who have established membership within 60 days of opening an eligible money market account.
- Level Up Money Market or Business Money Market account must be opened by June 30, 2026.
- Initial deposit of $2,000 in new money required.
- Minimum balance of $2,000 must be maintained for the first three months from when you first open the account.
- Introductory APY is limited to one account per tax reported owner.
Once the three-month period ends or the balance falls below $2,000, the dividend rate will revert to the standard Level Up Money Market or Business Money Market rate in effect at that time. You can find our current Savings Rates on safecu.org.
Learn More
Learn more and open a SAFE money market account today!
1 $12 monthly service fee waived if average daily balance equals $2,000 or more, or for Capitol Club.
2 Annual Percentage Yield (APY) as of 5/1/2026. Introductory APY is limited to one account per tax reported owner on accounts opened by June 30, 2026, that meet the following requirements: 1) Have no previous member relationship with SAFE Credit Union or have established your membership within the 60 days prior to introductory APY account opening; 2) Open a Level Up Money Market or Business Money Market account with a minimum deposit of $2,000 new money (from another financial institution); and 3) Maintain a minimum of $2,000 for the first three months from account open date. Once the three-month period has ended, or the balance falls below $2,000, the dividend rate reverts to the standard Level Up Money Market or Business Money Market variable rate in effect at that time. Introductory APY is paid only on the portion of the balance that falls within each specified tier. Monthly fee of $12 waived if average daily balance equals $2,000 or more. Fees may reduce earnings. Dividends are paid monthly. Special Introductory APY: 3.30% $2,000.00-$25,000.00, 2.22% - 3.30% Over $25,000.00.
