SkyOne Federal Credit Union is offering residents nationwide a 4.20% APY when you open a money market deposit account (MMDA).
Update 2/24/25: The rate has decreased to 4.20% APY (from 4.62%).
SkyOne Federal Credit Union Money Market Review
SkyOne Federal Credit Union has been serving its members for 72 years, providing financial tools to help members save for their future, get financing for their homes and cars, and much more.
As a not-for-profit organization, they are passionate about helping their members build a strong financial foundation and reach financial freedom.
I’ll review the SkyOne Federal Credit Union Money Market Deposit Account below.
SkyOne Federal Credit Union Money Market Rate
To easily earn SkyOne Federal Credit Union’s competitive rate, start by opening a Money Market Deposit Account (MMDA).
- Eligible account: Money Market Deposit Account (MMDA)
- Credit inquiry: Soft Pull or Hard Pull?
- Where it’s available: Nationwide
- Opening Deposit: $1
- Monthly fee: None
- Early Termination Fee: Not listed
(NCUA Insured)
How to Earn Rate
- Open a new account with a minimum opening deposit of $1.
- Fill out your personal information – Provide your name, address, phone, email and social security number or Tax ID.
- Fund the account/transfer funds – Transfer funds electronically from an internal account here or an external account at another bank.
- Start earning interest from Day 1 of your first deposit with no limit on how much you can earn.
| Balance Requirement | APY Rate |
| $0.01+ | 4.20% APY |
SkyOne Federal Credit Union Money Market Features
- Federally insured by NCUA.
- Start saving with as little as $1 minimum deposit.
- 24/7 online access.
Are My Deposits Safe?
Yes, your funds are insured by the FDIC up to the maximum amount in accordance with and as permitted by law at each bank holding their funds. The standard deposit insurance coverage limit is $250,000 per depositor, per FDIC-insured bank, per account ownership category.
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Conclusion
If you’re looking to open an interest bearing account, SkyOne Federal Credit Union offers a competitive rate.
Let us know about your experience with this bank and comment below.
In addition to the rate, check out our list of best rates Savings, Money Market, and CD accounts.
If you are interested in expanding your financial future, definitely use our bank bonuses page to find other offers. Some popular bank offers include Chase Bank, Discover Bank, TD Bank, Huntington Bank, HSBC Bank and many more.
Find a branch near you here.
