Posted on | By Meritrust | Posted in News

Meritrust is pleased to introduce you to the Flex Money Market! And, for our business members who are interested in a new savings option, the Business Money Market!

Flex Money Market. The Flex Money Market is a great fit for you, no matter your stage of saving. Saving for emergencies? Saving for a new home, wedding or to start a family? This account is perfect! Already have a stable financial platform built and wanting to continue to grow large deposits? Looking for a more liquid savings option than a long-term CD? Yep, this account is a great solution!

  • A balance of $2,000 or less will earn you 2.00% APY.
  • Additional daily balances greater than $2,000 and up to $49,999.99 earn you a blended APY of 2.00% – 0.32%
  • Daily balances $50,000 and greater will earn you a blended APY of 0.32% – 0.68%

This account is liquid, providing you easy access to your funds by allowing you to write up to six checks and/or ACH transactions per month and make ATM withdrawals.

Business Money Market. If you are looking for flexibility for your operating cash and business cycle while keeping your funds liquid, our new Business Money Market may be just the right fit. This account keeps your funds liquid and will earn you a great return.

  • A balance of $2,000 or less will earn you 2.00% APY.
  • Additional daily balances greater than $2,000 and up to $49,999.99 earn you a blended APY of 2.00% – 0.32%
  • Daily balances $50,000 and greater will earn you a blended APY of 0.32% – 0.68%

Additional product details.

  • Mobile deposit will be available
  • No minimum balance to open
  • $2,000 balance required to waive $10 monthly fee – $10 low balance fee will be charged if the average daily balance for the monthly dividend period is lower than $2000
  • ATM access available
  • Six preauthorized transactions including checks and transfers may be completed per month
  • Flexibility to transfer funds between accounts with our mobile app

Stay flexible. We know flexibility is important. That’s why we’ve created an account that gives you great rates, while keeping your money liquid.

The Flex Money Market and Business Money Market are available now! Stop by your nearest Meritrust location or give us a call at 800.342.9278 to get started with your new money market today!

Federally insured by NCUA. Annual Percentage Yield (APY) of 2.00% will be earned on daily balances of $0.00 to $2,000.00, APY between 2.00% and 0.32% will be earned on daily balances of $2,000.01 to $49,999.99, and APY between 0.32% and 0.68% will be earned on balances of $50,000.00 and greater. Rate is subject to change. Annual Percentage Yield is accurate as of the last dividend declaration date, November 30, 2017. Fees could reduce earnings. Subject to approval.

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