Money Max Accounts
The Communication Federal Credit Union Money Max account provides more flexibility than a Share Certificate or IRA, but still with a higher dividend rate than the regular share account. To open a Money Max account, a member must have at least $5 in a regular share account.
- Minimum deposit: $2,000
- Minimum balance: $2,000 (if balance drops below $2,000, the account will receive the regular share draft account dividend rate)
- Maximum of six withdrawals/transfers per month, three of which can be by check
- Dividends are paid monthly on daily balance
- The Money Max dividend rate may change monthly
*For information on the tax ramifications of these accounts, please consult your tax advisor.
If you'd like more information about Communication Federal Credit Union's Money Max Accounts please visit your local branch or call us at 800.522.3535.