Earn up to 4.00%APY*
with a

High Yield Money Market

Grow your savings while maintaining access to your funds.

A Money Market Account can be a safe place to save money, while still allowing convenient access to your funds. 

With a DECU Money Market, interest rates increase as your balance grows. The more money you add to your DECU Money Market, the more money you’ll earn in dividends. Balances of $2,500 and up earn dividends, and there are no monthly maintenance fees. 

Plus, DECU now offers a High Yield Money Market special at 4.00%APY* for balances $500,000 and above. For members maintaining $500,000 to $5,000,000 in our High Yield Money Market Account, you may qualify for additional insurance from the nationally esteemed Excess Share Insurance Corporation. 

Money Market Rates

$0 to $2,499 0.00% APY
Balances in this range earn a dividend rate of 0.00%
Balances in this range earn a dividend rate of 2.23%
Balances in this range earn a dividend rate of 2.47%
Balances in this range earn a dividend rate of 2.72%
Balances in this range earn a dividend rate of 3.93%

Why choose a DECU Money Market?

Earn more interest

Gain peace-of-mind keeping all your hard-earned money in one place. With tiered rates, you can earn up to 4.00%APY on Money Market balances over $500,000. 


Access your funds when you need them. Easily transfer funds to your savings, checking, write checks, or enjoy unlimited withdrawals in branch from your Money Market.

Low risk

Funds in your DECU Money Market will not incur the risk of losses like an unstable stock market investment, making it a safe option to transfer funds to as you approach retirement.


NCUA federally insures funds up to $250,000. Additional protection may be offered through ESI to qualified members that maintain at least $500,000 in your Money Market.  

Open your High Yield Money Market today

Alternative options to open your Money Market:
 - Open in a branch near you
 - Call a DECU Account Expert at 207.454.9008

Frequently asked questions

Wondering if a Money Market is right for you?  Learn more here. 

What is a Money Market?A Money Market Account is a type of savings account that is designed for long-term storage of your money, but with the added benefit of higher interest rates to help your savings grow even higher than before. 

Am I eligible for a Money Market?You must qualify for Membership at DECU to open a DECU Money Market. Membership at DECU is open to those who live, work, worship or attend school in the following Maine counties: Hancock, Kennebec, Knox, Lincoln, Penobscot, Sagadahoc, Waldo and Washington, as well as the towns of Brunswick and Harpswell in Cumberland County. Membership is also available to immediate family members of existing members, those living in the same household and organizations of such persons who all live within the field of membership.

If you're unsure whether you qualify for membership, contact an Account Expert at 207.454.9008.

How does a Money Market work?As deposits are made into your Money Market Account, interest is paid periodically on your current account balance. The greatest advantage of a Money Market Accounts is that the interest rate will actually go up as your account balance grows. By saving more money in your DECU Money Market Account, you can watch it grow even faster with a higher interest rate.

Are my funds insured?DECU Money Market Accounts are federally insured by the National Credit Union Administration (NCUA), a federal government agency. Savings accounts maintained in different rights, capacities or forms of ownership may each be separately insured up to $250,000. First, NCUA’s basic federal coverage insures credit union members’ deposits up to $250,000. For details about federal deposit insurance, or how to structure your accounts to qualify for greater federal coverage, please check with Downeast Credit Union or contact NCUA. Secondarily, Money Market Accounts with balances between $500,000 - $5,000,000 may be eligible for protection from Excess Share Insurance Corporation. Speak with an Account Expert at 207.454.9008 for details. 

How is a Money Market different from a Certificate?Money Markets and Certificates are both safe, secure savings options. Maybe you want to set money aside to reach a specific savings goal like a downpayment on a new home, or want a safe place to store your money as you reach retirement? Both Money Markets and Certificates are good options. 

Major differences between the two are that Money Markets allow you to make deposits and withdrawals to access your funds when you need them, and rates are variable. Certificates require one initial deposit and lock funds up for a set term before it reaches maturity; there is often an early withdrawal penalty if you need to access funds before your maturity which usually range from 6-months to 5-years. 

Additionally, Money Market Accounts tend to require a higher minimum balance ($2,500) and deposit amount than Certificates ($500). The Money Market balance is required to maintain the overall rate of growth, and as the balance increases you can earn greater interest and dividends on the balance in your account.

How do I access my Money Market funds?We make accessing your Money Market funds easy. You can access funds as follows:
- Transfer funds to your savings or checking conveniently from online banking or the mobile app
- Withdraw funds at any DECU location.  

Why choose Downeast Credit Union?

Selecting a local financial institution I trust is important to me. Seeing them give back to area food pantries and youth organizations in my community is a nice bonus!


"Downeast is great to work with! We've been members for 30+ years."


Professional, personable, and interested in finding a way to assist me. In addition to my questions, they provided value added analysis of competing offers and made financially sound recommendations.


I like investing my money locally in a DECU Money Market. It's convenient knowing I could withdraw cash in hand within just a few minutes if I need it, yet earn higher than average dividends.  


I've been a member of Downeast Credit Union for 48 years...always pleased with their service!


Get the Downeast CU Mobile App

With our mobile banking app, you can access your account instantly and securely from anywhere, anytime.  Manage your money confidently. Download today:

To learn more, speak to a DECU Account Expert at 207.454.9008.

Downeast Credit Union is a Maine Credit Union serving Washington, Waldo, Hancock, Penobscot, Lincoln, Kennebec, Sagadahoc, and Knox Counties, and the towns of Brunswick and Harpswell in Cumberland County. Branch offices are located in Baileyville, Belfast, Brewer, Calais, Machias, Richmond, Topsham and Unity.

*Annual percentage yield accurate as of December 15, 2023 and may change at any time - visit the Downeast Rates Page for changes. Money Market rates are variable. The minimum balance required to open and earn an APY is $2,500. Fees may reduce earnings. Terms and conditions may vary and may change at any time. 

Unauthorized access or use of this website is not permitted and may constitute a crime punishable by law.

Federally Insured by NCUA.