Save Smart

Save Smart with SECU CDs and Money Market Accounts

With tax season upon us, many of you might be thinking about the best options for your tax refund. While you might have the urge to splurge on something you’ve been wanting, this is a great opportunity to put some of that money into savings for a rainy day. Most financial experts suggest having the equivalent of six months’ worth of expenses in savings, with some putting that figure as high as eight months, since that is the average time it takes to find a new job. SECU offers savings accounts, but we also have CD and Money Market accounts that offer higher interest rates than traditional savings.


CDs are great savings tools if you are looking for a savings option with higher yields and you don’t need quick access to the funds. CDs allow you to lock in a higher interest rate for a set period of time, ranging from 3 months to 5 years. We have add-on and step-up options as you grow your savings.

Our CDs have some of the most competitive rates in Maryland.*


A Money Market account is a special savings account that offers a higher interest rate than traditional savings and is more flexible than a CD. With a Money Market account, you can enjoy the convenience of having quick access to your funds while achieving your savings goals faster because you are earning more interest. You can deposit, transfer, and withdraw funds anytime without penalty, just like a traditional savings.**

SECU offers two types of Money Market accounts to meet your unique needs. The Money Manager account has lower minimum deposit requirements. The Advantage Money Market account has a higher minimum deposit requirement and pays higher interest rates.

Whether you choose traditional savings, CDs, or a Money Market account, SECU has great options for consumers looking to grow those tax refunds and save more. To learn more about your savings options, visit

*As reported by Informa.
**Federal Reserve Board Regulation D limits the number of transfers or withdrawals that may be made from a Money Market account to six per month. Does not apply to withdrawals and transfers made in person at a branch or Financial Center.