Earn up to .20% APY1,4 with a high yield Money Market account

Earn more when you save more while maintaining easy access to your money with a Money Market from Webster First.

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Benefits of a Money Market Account

Earn higher rates than traditional savings accounts

Money Market Plus up to .20% APY1,4
Money Market up to .15% APY1

Stay flexible

Easily access your cash when you need it

Deposits are fully insured

At Webster First, NCUA insures all deposits up to $250,000 and all amounts exceeding that are insured by MSIC.

Save your way

After the account is open, there are no restrictions on deposit amounts or totals

Get our best rates with Money Market Plus

Money Market Plus offers higher rates than our regular Money Market account. You'll need to meet three simple criteria4 to qualify:

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Have a Webster First checking account

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At least 1 direct deposit into your checking account per month

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At least 10 debit card transactions from your checking account per month

Current Rates

Type Dividend Rate APY1 Min Balance3
Money Market .15% .15% $1,000.00
.10% .10% $5.00 - $999.99
Money Market Plus⁴ .20% .20% $100,000.00
.15% .15% $50,000.00 - $99,999.99
.15% .15% $25,000.00 - $49,999.99
.15% .15% $1,000.00 - $24,999.99
.10% .10% $0.00 - $999.99
1:APY = Annual Percentage Yield. Compounds daily.
3:Minimum daily balance in your account each day to obtain the disclosed annual percentage yield.
4:If Money Market Plus criteria isn’t met in any given month, regular Money Market rates will apply for that month. Money Market Plus criteria is: must have active checking account with minimum of one direct deposit into the checking account and ten debit card transactions from the checking account per statement cycle to qualify for higher rates, otherwise standard money market rates apply. The minimum balance to open the account is $1,000.00.
All rates subject to change without prior notice. Fees may reduce earnings for accounts where fees apply.

Your money is always accessible

A Money Market account keeps your cash accessible, so it’s there for you when you need it.

  • Make unlimited withdrawals in person at your local branch
  • Up to 6 withdrawals may be made monthly at an ATM, online, or by phone
  • Get access to your accounts at nearly 30,000 ATMs through our CO-OP Network partners.
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Open your Money Market account now

Must live, work, worship, or attend school in Essex, Middlesex, Suffolk, or Worcester County or be a current Webster First member to open. $5 minimum balance to open Money Market.  $1,000 minimum balance to open Money Market Plus.

Award-winning service

2024: Newsweek Best Regional Banks and Credit Unions

2023 Winner: Best of Central Mass

2022 Winner: Best of Central Mass

Webster First Rated 5 Stars by Bauer June 2023

Rated 5 Stars by Bauer

2021 Winner: Best of Central Mass