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Highlights of Changes to Your Money Market Account

Including changes to money market rates.

Florida Commerce Credit Union, your member owned financial institution is committed to providing you with competitive products and services to meet your financial needs and help you reach your goals. By federal law we are required to provide you these disclosures. If after reading this, you have questions, please contact us at (850) 488-0035.

Changes to Money Market Account

Several years ago, Florida Commerce tied your money market account to the average Money Market Mutual Fund (MMMF) rate, and often times, this enabled us to pay you very competitive rates.

However, for the last year, MMMF rates have declined to record lows. This hasn't allowed us to pay as competitive of a rate as we wanted to - in fact, we've been adding a little extra to the rate we pay over and above the MMMF rate! To make sure we can remain competitive for our members, we will set Money Market rates ourselves now, much as we do for our Certificates of Deposits. The MMMF rate will no longer be used to set rates on your Money Market account.

In addition, maintain an active iEarn! personal checking account, and you'll earn even higher rates on your Money Market account. See account disclosures for complete details.