A Money Market Checking allows Kern Schools Members the opportunity to easily access their money, while earning a higher rate of return.

Specifically designed for individuals who maintain a high account balance, a Money Market Account is the premiere choice for Members wishing to earn a higher dividend rate than a Regular Share/Savings Account.

With a minimum opening balance of $1,000, and tiered dividend rates, you can watch your return grow as your balance does.

And with a Money Market Account, you have the flexibility to perform up to six of the following transactions per calendar month:

  • Checks made payable to a third party.
  • Debit card purchases.
  • Preauthorized or automatic transfers to a third party.
  • Transfers initiated through the Communications Center, DataNet online banking, the DataMobile banking app, and DataVoice.
Money Market Rates

Rates Effective As Of 03/24/2017. ALL RATES, TERMS AND CONDITIONS SUBJECT TO CHANGE.

Account Name Minimum Opening Balance Minimum To Earn Dividend Variable Dividend Rate* Annual Percentage Yield (APY)
$1,000.00 – $9,999.99 $1,000.00 $1,000.00 0.05% 0.05%
$10,000.00 – $24,999.99 $1,000.00 $1,000.00 0.10% 0.10%
$25,000.00 – $49,999.99 $1,000.00 $1,000.00 0.15% 0.15%
$50,000.00 – $99,999 99 $1,000.00 $1,000.00 0.20% 0.20%
$100,000.00 and over $1,000.00 $1,000.00 0.25% 0.25%

*Rates are variable and may change after account is opened. Fees may reduce earnings. Accounts with less than $1,000 will not earn dividends.
Dividends compounded and paid monthly.