MaxSaver Money Market Accounts
Some financial markets are unpredictable. Not this one. Our MaxSaver Money Market provides positive returns as often as the sun rises in the East. Which is to say, every single day.
The effortless way for your money to earn more.
Max out with our great rates.
No complicated financial strategy required. And no long-term commitments. Whether you start out with five bucks or $100,000, a MaxSaver Money Market Account is a simple path to sure-fire earnings to improve your financial wellness. These accounts come with an added twist that rewards everyday savers with investment-level returns.
- All balance levels earn higher returns than most standard savings accounts
- Low opening deposit requirement - only $5
- No monthly fees
- No minimum ongoing balance requirement
- No minimum savings period
- Easy access to funds with checks, through Online and Mobile Banking and at UVA Community Credit Union locations
- No-risk savings tool with deposits up to at least $250,000 insured by the National Credit Union Administration, an agency of the federal government
Lift your savings to the next level.
- Risk-free earnings
- Dividend tiers reward everyday savers
- No long-term time commitment
- Instant access to funds
About those rates
Our MaxSaver Money Market uses what's called a tiered rate system. That means different balance levels have different dividend rates. It's worth taking a moment to learn how our tiered rates differ from most others.
- Our reverse waterfall structure means we pay the highest rates to the lowest balance tier. That provides everyday savers with the best returns.
- So for instance, you will earn 4.00% APR on your first $2,000. You will then earn 3.00% on balances between $2,000 and $5,000.
- To see how it all plays out, please use the calculator below.
How Does MaxSaver Work?
All balances participate in the reverse tier waterfall structure. This means that all balances benefit in the first tier of 4.00% APY1 up to $2,000. If your balance exceeds $2,000, you will participate in the first tier, plus the second tier earning 3.00% APY on balances between $2,000.01 - $5,000. If your balance is more than $5,000, you will participate in the first two tiers, plus the third tier and so on. For large balances over $100,000, you will participate in all tiers.
Here’s how our tiers look, along with examples of our blended rates:2
| Balance to Earn Dividend | Compounding | Dividend Rate | APY1 |
|---|---|---|---|
| $0.01 - $2,000 | Monthly | 3.9460% | 4.0182% - 4.0000% |
| $2,000.01 - $5,000 | Monthly | 2.9595% | 4.000% - 3.3848% |
| $5,000.01 - $10,000 | Monthly | 1.9819% | 3.3848% - 2.6863% |
| $10,000.01 - $50,000 | Monthly | 1.4898% | 2.6863% - 1.7354% |
| $50,000.01 - $100,000 | Monthly | 1.2429% | 1.7354% - 1.4910% |
| $100,000.01 & Above | Monthly | 0.9954% | 1.4910% - 1.0495%2 |
Rates, terms and conditions are subject to change without notice.
1 APY= Annual Percentage Yield. Rates effective 10/1/24 and are subject to change without notice. Call 888-887-9136 for current rates. There is a $5.00 opening balance requirement. Account requires a Membership Share Savings Account in good standing with the credit union. Membership eligibility required. A blended rate account pays a different dividend rate on the amount of funds in each tier. Each dividend rate will apply only to the portion of the account balance within each balance range tier and not the entire account balance. For example, you’ll earn 4.00% APY on balances up to $2,000.00. Then depending on your balance between $2,000.01 - $5,000, you will receive an APY between 4.00% and 3.38%. The blending continues for additional balance tiers.
2 Blended APY range calculated on balances up to $1 million in this tier.
Federally insured by NCUA.
Frequently Asked Questions
MaxSaver is a tool to improve your financial wellness by paying higher dividend rates than a traditional savings account. You earn higher dividends as this account encourages you to save, not to use your funds for everyday transactional funding needs.
Yes! We have a MaxSaver Money Market Account available for our business members. Learn more about our MaxSaver Money Market Account for your business.
A blended rate means a different dividend rate is paid on the amount of funds in each tier. Each dividend rate will apply only to the portion of the account balance within each balance range tier and not the entire account balance. For example, you’ll earn 4.00% APY on balances up to $2,000.00. Then depending on your balance between $2,000.01 - $5,000, you will receive an APY between 4.00% and 3.38%. The blending continues for additional balance tiers.
After the initial $5 opening balance requirement, there is no ongoing balance requirement. There are no monthly service fees on this account. You’ll also earn dividends to the nearest penny in your account.
Yes, you can add money any time by transferring funds from your Share Account or Checking Account in online or mobile banking, or at any branch. You can also make Mobile Deposits.
Each member may have one MaxSaver Money Market Account.
Yes, as long as they have their own member number established. Accounts for minors need to be opened in one of our branches. UVA Community Credit Union also offers Teen RI$E accounts.
You can transfer funds from your MaxSaver Money Market Account to your UVA Community Credit Union Share Savings or Checking Account easily in online or mobile banking, our branches, or at our ATM/ITM machines. You can withdraw funds at any of our branches and ATM/ITM locations if you have this account linked to your Debit Card.
Yes, the dividend rate is subject to change at any time.
- I am an existing member: You can simply add a MaxSaver Money Market Account within online banking. Log in and select “Open Account” and follow the prompts. Accounts can also be opened at any branch.
- I am a non-member: If you are eligible for membership, you can open a Share Savings Account with at least a $5 minimum deposit to establish your membership. Then you can open a MaxSaver Money Market Account. You can do this online on our website or visit a branch location. Either way, we look forward to welcoming you to the Credit Union!
Yes you can use your debit card, as long as you already have a UVA Community Credit Union Share Savings and Checking Account linked to your debit card.
Deposits held at UVA Community Credit Union are insured by the National Credit Union Administration. See the NCUA website for details.
UVA Community Credit Union is a full-service financial institution with locations throughout Virginia's Central Piedmont and Valley area.
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There is a $5.00 opening balance requirement. Account requires a Membership Share Savings Account in good standing with the Credit Union. Membership eligibility required.