Money Market Accounts | Higher Dividend Savings Options

A Money Market Account gives you the ability to earn a higher dividend rate than a traditional savings account while still keeping easy access to your funds. It’s a flexible savings option designed for members who want both growth and liquidity.

Current Money Market Rates

Our Money Market interest rates fluctuate with market rates. You can find the current rates on our rates page. As your balance increases so does your interest rate. Our Money Market rates are competitive for all Money Market Account tiers. The more you save, the more you earn!

Join & Open a Money Market Account

APY* - Terms and conditions apply, please see the rates page for full details.

Why Choose a Money Market Account?

A money market account is ideal if you want to:

Earn higher rates than a standard savings account
Keep access to your money without penalties
Grow savings as your balance increases
Maintain flexibility for larger cash reserves

How Money Market Accounts Work

Tiered interest rates based on balance
Rates may fluctuate with market conditions
Higher balances typically earn higher dividends
Funds remain accessible like a savings account

Money Market vs Other Savings Options

Money Market vs Savings and Club Accounts

Money Market Accounts can offer higher earning potential and additional flexibility compared to traditional savings and club accounts. If you're looking for a simpler savings option for everyday goals or gradual saving habits, explore our Savings and Club Accounts to compare available features and benefits. Money Markets are often a strong fit for members maintaining larger balances who want competitive dividend rates with convenient access to funds.

Money Market vs Certificate of Deposit (CD)

Unlike Certificates, Money Market Accounts provide ongoing access to your funds without locking your savings into a fixed term. If you prefer guaranteed rates and predictable returns over a set period, compare our Certificate of Deposit (CD) options to see current rates and term choices. Money Markets can be a better solution for savers who want flexibility while still earning competitive dividends.

Who Should Use a Money Market Account?

Members with higher savings balances
People building emergency funds
Those wanting low-risk interest growth
Savers who want liquidity + yield

Money Market Account FAQs

How is interest calculated on a money market account?

Interest is typically calculated daily based on your account balance and paid out monthly. The rate you earn may vary depending on your balance tier, meaning higher balances may qualify for higher dividend rates over time.

Is there a minimum balance required?

Money market accounts often have a minimum balance requirement to open the account and/or to earn the stated interest rate. Maintaining a higher balance may also help you qualify for better dividend tiers. You can view current requirements on our account disclosures or rate page.

Can I withdraw money from a money market account anytime?

Yes, money market accounts are designed to provide flexible access to your funds. You can typically withdraw or transfer money as needed, though federal transaction limits may apply depending on account rules and regulatory guidelines.

How is a money market account different from a savings account?

A money market account generally offers higher interest rates than a traditional savings account, especially at higher balances. In exchange, it may require a higher minimum balance. Both accounts are safe places to save, but money market accounts are better suited for members who want stronger earnings while still maintaining access to their money.

Money Market Accounts in Maine