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Meet SAFE’s Level Up Money Market!
It’s a simple, secure, and flexible way for you to reach your savings goals.

Up To
APY1
You earn monthly dividends that are higher than a regular savings account.  Calculate my earnings

 

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You have full access to your money and can deposit and withdrawal funds at any time.
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Your funds are federally insured to at least $250,000 by the NCUA.
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Calculate your earnings with a
Level Up Money Market

Here's a calculator to help you determine how much you’ll earn over time depending on your deposit amount. The more you save, the more you earn.

Deposit

For

Year
Becomes

This calculator is for illustrative purposes only and does not reflect actual dividend earnings. APY is subject to change. Withdrawing funds will result in a different amount of dividends paid.
The Level Up Money Market APY for this example is %. View rates & disclosures

3 Common Money Market Myths

Myth – A money market account does not allow me to access my funds when I need them.

Recent regulatory changes now allow you to have unlimited access to your funds. Money market accounts earn higher dividend rates than a regular savings account, while keeping your funds liquid.

Myth – A money market account is an investment account and puts my money at risk.

This is a common misconception. The word “market” can be misleading. A money market account allows you to keep your money safe and earn a variable dividend rate. All your SAFE Credit Union funds are NCUA insured (much like FDIC for a bank) to at least $250,000.

Myth – The minimum deposit and ongoing balance requirement is higher than I can afford.

The minimum initial deposit requirement for the Level Up Money Market is $25, with no ongoing balance requirement. When you have an average daily balance of $2,000 or more in your account, there will be no monthly service fee applied.1

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How do Dividend Rate & APY work together to help you earn more

Dividend Rate

Many deposit accounts, including a money market account, pay a rate of interest (banks) or a rate of dividends (credit unions). The quoted rates are applied to balances in the accounts, and financial institutions pay dividends monthly, quarterly, semi-annually or annually; SAFE pays them monthly.

If you have $100,000 on deposit and the account earns a 1 percent dividend rate, you will receive approximately $82 a month. That rate is calculated by multiplying the dollar amount and dividend rate and dividing that total by 365 multiplied by the number of days in month. (100,000 X 1.00%)/365 X 30= $82.19 /month.

The dividend rate does not take into account the compounding of earnings within the year. That’s where APY comes into play.

APY (Annual Percent Yield)

Deposit accounts, including a money market account, also have an annual percentage yield (APY), which measures the total amount of earnings on an account based on the dividend rate and the frequency of compounding. It takes into account the earnings made on your original deposit, as well what you earn on top of the other earnings.

So, back to that account with $100,000 in it. In month one, you earn about $82, bringing your balance to $100,082. The next month, that 1 percent dividend rate is now applied to $100,082. You’ve now earned $82.26 in dividends for that month, bringing your account balance to about $100,164. And so on.

Earn More Today

1 Annual Percentage Yield (APY) accurate as of  and is subject to change. Variable rate may change after account opening. Monthly fee of $12 waived if average daily balance equals $2,000 or more. Waived for Capitol Club. Fees may reduce earnings.

Minimum Initial Deposit
 
Minimum Balance
 
Dividend Rate
 
APY
 

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