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Money Market Accounts

Higher balances deserve greater rewards. A Money Market Account offers tiered interest rates so you earn more as your balance grows. Plus, you can make up to six withdrawals each month.

A man calculates his savings goals for his money market account.

Benefits of a Credit Union Money Market Account:

Competitive Rates

Our credit union money market rates encourage you to achieve your savings goals.

Simple Access

You can access your funds via automatic transfer, telephone transfer, or check.

No Monthly Fee

Simply maintain a balance of at least $10,000 and we won’t charge you any maintenance fees.

Federally Insured

Keep your money safe in your account and avoid stressing about the stock market.

How Does a Money Market Account Work?

A Legacy Credit Union Money Market Account lets you earn higher rates than regular savings and offers easy access to your funds.

  • Open a Preferred Money Market account with a minimum balance of $10,000.
  • Earn dividends on a tiered basis so the higher your balance, the more you earn.
  • You can make up to six withdrawals per month by automatic or telephone transfer to a third party.
  • Up to three of these six transfers can be made by check or draft to a third party.
  • If the account falls below $10,000, your rate drops and you need to pay a $5 monthly fee.
  • All funds are federally insured by the NCUA.

A Money Market Account is the smart way for our members in Birmingham, Alabama, to grow their savings effortlessly.

A happy woman checks her money market account balance on her phone.

Legacy Credit Union Money Market Rates

Watch your rates soar as your balance grows with our competitive tiered-rate structure. Maintain a balance of at least $10,000 to earn a higher money market account rate, then see your rate increase when you reach $25,000, $50,000, and $100,000.


How to Open a Legacy Credit Union Money Market Account

Join Legacy

Join Legacy

Membership is open to people who live, work, worship, or attend school in our seven-county footprint.

Open Share Savings

Open Share Savings

A regular savings account is your gateway to all our other products and services and means you become a part-owner.

Choose Money Market

Choose Money Market

With a deposit of at least $10,000, you can open your Money Market Account and start earning competitive rates.



“Always friendly and helpful.”

– Ann E., Alabaster, Alabama

FAQs About Money Market Accounts

A Money Market Account has similarities and differences with some of our other savings and investment tools. Here’s what you need to know:

  • You can earn higher interest rates than regular savings if your balance is over $10,000.
  • Like a savings account, you can keep adding funds whenever you want.
  • You don’t need to leave your funds untouched for a term, as for a Certificate.
  • You may make up to six withdrawals per month by the approved methods.
  • You may earn interest at higher or lower rates than a Certificate.
  • If you have a balance over $100,000, you can earn a higher rate than our longest Certificate term of 60 months.
  • The National Credit Union Administration (NCUA) insures funds up to $250,000.

Note that the minimum balance required to open an account is $10,000 and you need to maintain that balance to earn higher rates than a regular savings or deposit account.

A checking account is a better option if you plan to regularly withdraw, but a Money Market account does let you withdraw funds provided you follow a few simple guidelines:

  • No more than six (6) preauthorized, automatic, or telephone transfers may be made from the account to another account or to a third party in any month.
  • No more than three (3) of these six (6) transfers may be made by writing checks or drafts to a third party.

Legacy Credit Union is a full-service financial institution and you can add funds using any method that suits you:

Contact Legacy Today:

Get Pre-Approved
Call: 205-930-5000
Contact Us

More Savings and Investment Options

Share Certificate Accounts

Choose a term from 91 days to 60 months and watch your balance grow with higher rates for longer terms.

Learn More

Incentive Savings

Save effortlessly when we round up your debit card purchases to the nearest dollar and transfer the difference. Plus earn a great rate on balances up to $1,000!

Learn More

Club Accounts

Save for a specific purpose like a vacation, the holiday season, Christmas, or a major purchase. Earn dividends and access your funds when the time comes.

Learn More

Rates are current as of 4/21/2023 and are subject to change without notice

*APY = Annual Percentage Yield.

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