Community First Money Market Account

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The Community First Market Account combines money market rates without the minimum commitments. Just deposit $5,000 or more after you apply. Withdraw your money when you want it for free at a branch or by making electronic withdrawals. This account doesn’t include Visa or EFTPOS card access.

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Details

Product NameCommunity First CU Money Market Account
Maximum Variable Rate0.15% p.a.
Standard Variable Rate0.05%
Monthly Account Fee$0
Minimum Opening Deposit$5,000

Key features

Minimum opening balance

You need to deposit at least $5,000 to open the Community First Money Market Account. One the account is opened, there are no ongoing minimum balance requirements.

Interest

The Community First Money Market Account rewards you with a stepped rate of interest, different rates of interest apply to different account balances.


How to apply

Visit the Community First website to launch the online application. To apply for this account, you'll need to become a Community First member.

Eligibility

The following eligibility requirements apply

  • Minimum deposit. You need to deposit at least $5,000 in the Community First Money market Account when you apply for this account.
  • Community First Member. You need to become a member of Community First to apply for the Money Market Account. Buy a refundable $2.00 share in the credit union when you apply for this account. Enter your transaction or savings account name, BSB and account number so Community First can debit the account for the membership share.

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