Campco FCUs Money Market is a great way to keep your funds available while earning premium dividend rates. This account requires a $1000.01 minimum balance deposit and must be kept above the $1000.01 to accrue dividends. Dividends are paid on a tiered rate system.
|$1000.01 to $20,000.00||.50%||Receive a notification when this rate changes|
|$20,000.01 to $75,000.00||.75%||Receive a notification when this rate changes|
|$75,000.01 and over||1.00%||Receive a notification when this rate changes|
|Money Market Accounts
Dividends are calculated by the average daily balance method which applies a periodic rate to the average daily balance in the account for the period. The average daily balance is calculated by adding the balance in the account for each day of the period and dividing that figure by the number of days in the period. The period we use is the quarterly statement cycle.