Enroll in Online Banking
To log in to Online Banking, you will need the following information:
- Member Number, and
- MATT Access Code, which you will be required to change after you first log in. You will use this as your initial password.
If you don't have this information or are in need of assistance, contact us at 301-944-1800 or 800-95-MAFCU.
Money Market Rates
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| Minimum Balance to Open | Balance Range | Dividend Rate* | Annual Percentage Yield (APY) | Min. Balance Required to Obtain APY |
| $2,500.00 | MMP Account: | (Daily Balance) | ||
| $2,500 - $9,999.99 | .20% | .20% | $2,500 | |
| $10,000 - $24,999.99 | .30% | .30% | $10,000 | |
| $25,000 - $49,999.99 | .35% | .35% | $25,000 | |
| $50,000 - $99,999.99 | .40% | .40% | $50,000 | |
| $100,000 - $249,999.99 | .45% | .45% | $100,000 | |
| $250,000 and Over | .50% | .50% | $250,000 | |
| $0.00 | Traditional/Roth/Education IRA Daily Money Markets: | (Average Daily Bal. ) | ||
| 0.00 - $9,999.99 | .50% | .50% | $0 | |
| $10,000.00 - $99,999.99 | .50% | .50% | $10,000 | |
| $100,000.00 - $249,999.99 | .50% | .50% | $100,000 | |
| $250,000 and Over | .50% | .50% | $250,000 |
*Dividend Rate effective July 1, 2010
The following disclosures apply to MMP and Traditional /Roth/Education IRA Daily Money Market Accounts
1. Rate Information. The dividend rate and annual percentage yield are listed in the table below. The dividend rate and annual percentage yield may change every month as determined by the credit union board of directors.
2. Compounding and Crediting. Dividends will be compounded and paid monthly. If you close your account before dividends are normally paid, any accrued dividends will be posted to your account prior to closure.
3. Minimum Balance Requirements. The minimum balance required to open an account and to obtain the disclosed APY are listed above.
4. Balance Computation Method. Dividends on Money Market Plus (MMP) Accounts are calculated by the daily balance method which applies a daily periodic rate to the balance in the account each day. The IRA Daily Money Market Accounts are calculated by the average daily balance method which applies a periodic rate to the average daily balance in the account for the period. The average daily balance is calculated by adding the principal in the account for each day of the period and dividing that figure by the number of days in the period.
5. Accrual of Dividends. Dividends will begin to accrue on the business day you deposit cash and/or non-cash items (e.g. checks) to your account.
6. Fees and Charges. The fees and charges that may be assessed against your account are listed on the fee schedule.
7. Transaction Limitations. Withdrawals and transfers from your Accounts are subject to the following limits:
a. Transfers from your Money Market Plus (MMP) Account through Online Banking, MATT (Member Access Telephone Teller), telephone transfers and preauthorized transfers are limited to six transfers per month-3 of which may be by check.
b. Withdrawals through the ATM Networks may be limited to $300 per day.
c. Over the Counter Cash Withdrawals and Withdrawals through ATM may be limited to $1,000 per day.
d. Withdrawals may be limited if your loan(s) with the Credit Union are delinquent.
e. The Credit Union reserves the right to require a member intending to make a withdrawal from a Regular Share Account to give written notice of such intent not less than seven days and up to 60 days before such withdrawal.
f. Traditional/Roth/Education IRA Daily Money Market withdrawals may be limited by IRA requirements or IRS regulations. Refer to the separate Traditional/Roth/Education IRA Simplifier Plan Agreement.
8. Par Value of Shares; Dividend Period. The par value of a regular share in this Credit Union is $5.00. The dividend period of the Credit Union is monthly.
9. Nature of Dividends. Dividends are paid from current income and available earnings, after required transfers to reserves at the end of a dividend period.
