A Money Market Account Is a Wicked Good Way to Save Money
Grow Your Savings Faster
Watch your savings grow faster as your balance climbs, thanks to tiered rates.
Spend or Save on Your Terms
Make additional deposits or withdrawals when and how you need them—within digital banking, or at your local branch.
Have Peace of Mind
Your funds are insured by NCUA up to $250,000, with additional coverage provided by OFCU through Excess Share Insurance.
Make Your Money Work Harder in a Money Market Account
In Maine, folks plan for the future and recognize good value - so naturally, Oxford Federal Credit Union’s Money Market accounts are a pretty popular way to save money.
With higher dividends than a traditional savings account, your money grows faster—helping you reach your goals sooner.
Here are some important features you should know about:
- Higher Dividends: Earn higher interest rates than most traditional savings accounts.
- Tiered Rates: Bigger balances earn higher rates.
- Low Minimum Balance Requirement: Start saving with just $2,500.
- No Monthly Fees: Keep more of what you earn.
- Flexible Deposits: Make unlimited deposits starting at $50.
- Easy Access: Make up to three withdrawals a month via digital banking or at any Oxford FCU branch.
- No Early Withdrawal Penalties: Access your funds without extra charges up to the monthly limit.
Ready to start growing your savings? Open your Money Market account today by visiting a branch, calling us at 800.991.9219, or sending us a message through our online form.
Money Market Account Rates
Give your savings a boost with Oxford Federal Credit Union's Money Market Account. Our competitive rates help your money grow faster while keeping it accessible for a rainy day.
Opening a Money Market Account Is Easy!
Step
1 |
Get In Touch
Call us, visit a branch, or send a message through our online form to start your account. |
Step
2 |
Fund Your Account
We’ll reach out and guide you through the next steps, including your initial $2,500 deposit. |
Step
3 |
Start Earning!
See your savings grow and enjoy the benefits of higher dividends! |
Ready to get started with your Money Market Account?
Apply Online Send Us a Message
★★★★★
“Setting up an account here was incredibly easy; Lisa M. had 90% of the process done on her end and after perhaps 15 minutes in the building I was walking out with exactly what I needed. I'm new to banking with a credit union but so far things seem much simpler than had been my experience with my last bank.”
- Robert B., Mexico, ME.
Money Market Account FAQs
Is the Money Market Account FDIC-insured?
At Oxford FCU, your deposits aren’t insured by the FDIC. As a credit union, we’re backed by the National Credit Union Administration (NCUA), which protects your deposits up to $250,000. Plus, an additional $250,000 of coverage is provided by OFCU through Excess Share Insurance (ESI).
How does a credit union money market account work?
Money Market accounts can work a little differently depending on the financial institution. At Oxford FCU, you start with an initial deposit of $2,500—or more if you want to jump-start your savings. You can make additional deposits of $50 or more as often as you like.
You also have the flexibility to make up to three withdrawals per month. And because our rates are tiered, your account earns a higher dividend as your balance grows and reaches the next tier.
We recommend you read our blog for a more in-depth explanation of how a Money Market Account works.
Is there a minimum opening deposit?
Yes, you need to deposit at least $2,500 to open your Money Market Account, and keep at least that amount at all times.
How often will I see earnings in the account?
You’ll receive your accrued interest automatically in your account every month.
How can I access the deposits in my Money Market Account?
You have access to your money through:
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Digital banking: Manage your account from your computer or mobile device.
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A branch visit: Stop by any Oxford FCU location for in-person service.
Do I have to be a member to open an Oxford Federal Credit Union Money Market Account?
Yes! You need to be a member to take advantage of our competitive Money Market Account rates—but joining is easy. Membership is open to anyone who lives, works, worships, or goes to school in the following Maine counties: Androscoggin, Cumberland, Franklin, Kennebec, Knox, Lincoln, Oxford, Sagadahoc, Somerset, and York.
You’re also eligible if you’re an immediate family member or share a residence with someone who’s already an OFCU member.
Opening a membership is simple—just a $5 minimum deposit to a Share Savings account is all it takes. You can even open your Share Savings account at the same time as your Money Market Account, so there’s no extra step.
Ready to Make Your Savings Go Further?
Other Ways to Grow Your Savings
Share Certificates
Set aside your money and watch it grow faster with a fixed competitive rate over a set term.
IRAs
Save for the future while taking advantage of potential tax benefits. Our IRAs help your money grow steadily and securely over time.
Club Accounts
Perfect for holidays, special events, or personal goals—Club Accounts make saving automatic and stress-free.