Money Market

Earn up to .20% APY* While Staying Flexible

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

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Why choose a Money Market?

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Earn higher rates than traditional savings accounts

Money Market Plus up to .20% APY*
Money Market up to .15% APY**

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Stay flexible

Easily access your cash when you need it

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Deposits are fully insured

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

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Save your way

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

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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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 criteria* 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

Requirements to open

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

Type 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.

Award-winning service

2022 Winner: Best of Central Mass

Rated 5 Stars by Bauer

2021 Winner: Best of Central Mass

Why choose Webster First?

Smart money decisions are in our DNA

Webster First is one of the most well capitalized credit unions in Massachusetts as a result of our hard work and determination to make the best possible financial decisions. With our experience and dedicated team, we’re confident we can help you make the right financial decisions too.

Local, neighborly know-how

Our roots are in Massachusetts, opening our first branch in the small town of Webster back in 1928. Since then we’ve grown to over $1.2 billion with over 80,000 members who trust us with their banking. Since our banking team is locally grown too, they personally care about the success of their neighbors and community.

Authenticity you can trust

As New Englanders, we believe in being upfront and honest. You can expect straightforward answers to all your questions. Each relationship starts with trust and it’s the cornerstone of our acclaimed member service.