Money Management Accounts

Give your savings some extra zip.

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Truth is, you can make good money without much managing

Open an account. Deposit your funds. Watch them grow with the help of a strong dividend rate. Make quick withdrawals you need some cash. Nothing could be simpler - or smarter.

Choice of two accounts

Higher dividends than most savings accounts

Access funds at ATMs and through digital banking

Potential overdraft protection

The perfect mix of higher earnings and zero worries

Your deposits in our Money Management Accounts are safe and secure and insured by the federal government. The only question is exactly how much money you'll make. Because we offer two types of Money Management Accounts, the answer lies in how much you choose to deposit.

Money Management Account

  • Ideal if you maintain a $2,500 average daily balance
  • Pays higher dividends than most standard savings accounts
  • No minimum time commitment to earn dividends
  • Up to six withdrawals per month, with ATM and online and mobile banking access
  • Use as overdraft protection for your CommonWealth One checking account
  • Deposits protected by National Credit Union Administration, a federal government agency

Money Management Plus Account

  • Maintain an average daily balance of at least $10,000
  • Pays higher dividends than most standard savings accounts
  • No minimum time commitment to earn dividends
  • Up to six withdrawals per month, with ATM and online and mobile banking access
  • Use as overdraft protection for your CommonWealth One checking account
  • Deposits protected by National Credit Union Administration, a federal government agency
Great rates to get you started on your goals.
Money Management Accounts
as high as
0.65
% APY
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What's Your Journey?

The credit union provides exceptional service and competitive rates on savings accounts, CDs, and IRAs. Thanks to my savings, I've been able to make a down payment on my house and buy a car.

Carol
Member Since 1973

CommonWealth One Federal Credit Union is a full-service financial institution with branches in Northern Virginia, Maryland and Washington D.C.

Disclosures
Rates are variable and subject to change at any time, including after account opening. Fees may reduce earnings. Members will forfeit dividends if they close an account before accrued dividends are credited. Money Management Account must maintain an average daily balance of $2,500 in order to earn dividends. Money Management Plus account must maintain a daily balance of $10,000 to earn dividends. See Fee Schedule for related charges and Disclosures for all conditions.
Example of Tiered Rate Calculation for Money Management Accounts: The stated interest rate is only on that portion of the balance within the specified tiers. For example, if a member has $8,000 in a Share Savings account, we pay 0.10% on $2,500 and 0.11% on $5,500 (the difference between $8,000 and the first tier cut-off of $2,500). The APY range reflects the blending of the two rate tiers.