Want to earn the highest returns on your savings without tying up your money in a CD? The new Money Market Account will reward serious savers with higher returns.
With a Stark Federal Money Market Account, you will receive a preferred dividend (interest) rate based upon your account balance. Your preferred rate will always be higher than our stated Share Account rate.
The minimum balance for a Money Market Account is $2,500 with additional tiers at $10,000, $25,000 and $50,000. Unlike other investments, your principal is federally insured for up to $250,000. This means that there is no risk of losing part of your principal if market conditions sour. There are no limits on deposits made in person. Call 330-493-8325 for ask a member service representative for more information.
| PRODUCT | Dividend Rate | Annual Percentage Yield |
|---|---|---|
| Less than $2,500 | 0% | 0% |
| $2,500 - $9,999 | 1.00% | 1.00% |
| $10,000 - $24,999 | 1.00% | 1.00% |
| $25,000 - $49,999 | 2.00% | 2.02% |
| $50,000 and greater | 3.92% | 4.00% |
