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American First Credit Union Money Market Deposit Account from Raisin Review: A Solid APY for a Very Minimal Deposit

Review Updated
Ashley Maready
Ashley Maready
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Nathan Alderman
Fact Checked: Nathan Alderman
Nathan Alderman
Nathan Alderman
Fact checker

Nathan Alderman has been a full-time Motley Fool employee since 2005, making errors his arch-enemies in a variety of roles including a six-year stint as the dedicated fact-checker for The Motley Fool's premium newsletter services. As Motley Fool Money's Compliance Lead, he makes sure that all the site's information is accurate and up to date, which ensures we always steer readers right and keeps various financial partners happy. A graduate of Northwestern University's Medill School of Journalism, Nathan spends his spare time volunteering for civic causes, writing and podcasting for fun, adoring his wife, and wrangling his two very large young children.

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Many or all of the products here are from our partners that compensate us. It’s how we make money. But our editorial integrity ensures that our product ratings are not influenced by compensation. APY = Annual Percentage Yield.

A good money market account can be worth its weight in gold -- these accounts generally offer easy money access and a high APY. A good option might be the American First Credit Union Money Market Deposit Account from Raisin, which is offered through the Raisin platform in partnership with the credit union. Our American First Credit Union Money Market Deposit Account from Raisin review breaks down the details and can help you decide whether it's the right account for you and your money.

Ratings Methodology
Rates as of Jun 04, 2025

American First Credit Union Money Market Deposit Account from Raisin

Federally insured by NCUA.
Rating image, 4.50 out of 5 stars.
4.50/5 Circle with letter I in it. Our ratings are based on a 5 star scale. 5 stars equals Best. 4 stars equals Excellent. 3 stars equals Good. 2 stars equals Fair. 1 star equals Poor. We want your money to work harder for you. Which is why our ratings are biased toward offers that deliver versatility while cutting out-of-pocket costs.
 = Best
= Excellent
= Good
= Fair
= Poor
Rating image, 4.50 out of 5 stars.
4.50/5 Circle with letter I in it. Our ratings are based on a 5 star scale. 5 stars equals Best. 4 stars equals Excellent. 3 stars equals Good. 2 stars equals Fair. 1 star equals Poor. We want your money to work harder for you. Which is why our ratings are biased toward offers that deliver versatility while cutting out-of-pocket costs.
 = Best
= Excellent
= Good
= Fair
= Poor
Monthly Fee
$0
Min. Balance
$1
Limited-time offer
$250 bonus for new customers with a minimum deposit of $25,000 with promo code GET250.
APY
4.30%
Min. To Earn APY
$1
  • High APY
  • No account fees
  • Unlimited deposits and withdrawals
  • NCUA insured
  • Deposits and withdrawals can only be conducted via ACH transfer between a single external bank account and a Raisin Cash Account.
  • No checking accounts offered through Raisin
  • Limited customer service hours
  • Cannot link Raisin accounts to third-party apps (e.g. personal budgeting apps)
  • No branch access; online only

American First Credit Union is a Southern California-based credit union that offers NCUA-insured deposit accounts. The American First Credit Union Money Market Deposit Account from Raisin could be a great choice if you're looking for a high APY savings product. It offers a much higher APY than you'd get when opening an account directly through the credit union, plus you get access to Raisin's savings marketplace and easy account management.

Full American First Credit Union Money Market Deposit Account from Raisin review

American First Credit Union is based in California and has more than 70 years of history serving its community. Now it's partnered with financial company Raisin to offer a money market account with an exceptionally high APY. If you instead opt to open a money market account directly with American First Credit Union, you won't get the high APY. Going through Raisin gives you the chance to take advantage of some decent perks.

Top perks

High APY: The 4.30% APY on this money market account is very generous indeed, and in fact beats out the best money market accounts out there.

Only need $1 to open the account: Some of our favorite money market accounts have opening balance requirements as high as $2,500. This isn't the case for the American First Credit Union Money Market Deposit Account from Raisin, as you can get started with just $1.

Monthly dividend payments: The money you earn on your account is paid out monthly, on the last calendar day of the month.

NCUA insurance: You've likely heard of FDIC insurance for bank accounts; NCUA (National Credit Union Administration) insurance serves the same purpose. Up to $250,000 of your money in this money market account is protected in case of credit union failure.

No withdrawal limits: Accounts through Raisin aren't subject to the old withdrawal limits once enforced under Regulation D. This means you can take money out of the account anytime you want.

What could be improved

Account is online only: If you rely on in-person banking, this money market account won't be a fit for you. Raisin is an online-only banking platform.

Raisin only allows you to link one bank account: While it might be convenient to have your American First Credit Union Money Market Deposit Account from Raisin linked to both your existing checking and savings account, you can't connect more than one account to Raisin.

You can't link your account to financial apps: Another downside of bank accounts offered by Raisin is that there's no way to add them to budgeting apps and other money-management tools.

How to access your money

You have to work through Raisin's system to add funds or remove them from your American First Credit Union Money Market Deposit Account from Raisin.

Deposit options

You can link one existing account (could be a checking account, savings account, or even a brokerage account) to Raisin, and it can be used to deposit money into any accounts you open with the platform. Once you set this up, you can request that money be deposited into an account held with Raisin, and your money is sent via ACH transfer. It takes one to three days to fund your account.

Withdrawal options

To withdraw from your American First Credit Union Money Market Deposit Account from Raisin, yes, that's right -- you go through Raisin. Again, money is transferred via ACH to that same single linked bank account you used to initially fund the account. It takes one to three days to take money out, too.

Compare savings rates

Make sure you're getting the best account for you by comparing savings rates and promotions. Here are some of our favorite high-yield savings accounts to consider.

Account APY Promotion Next Steps
3.60%
Rate info Circle with letter I in it. 3.60% annual percentage yield as of June 4, 2025. Terms apply.
Min. to earn: $0
N/A
up to 3.80%
Rate info Circle with letter I in it. SoFi members who enroll in SoFi Plus with Eligible Direct Deposit or by paying the SoFi Plus Subscription Fee every 30 days or SoFi members with $5,000 or more in Qualifying Deposits during the 30-Day Evaluation Period can earn 3.80% annual percentage yield (APY) on savings balances (including Vaults) and 0.50% APY on checking balances. There is no minimum Eligible Direct Deposit amount required to qualify for the stated interest rate. Members without either SoFi Plus or Qualifying Deposits, during the 30-Day Evaluation Period will earn 1.00% APY on savings balances (including Vaults) and 0.50% APY on checking balances. Interest rates are variable and subject to change at any time. These rates are current as of 1/24/25. There is no minimum balance requirement. If you have satisfied Eligible Direct Deposit requirements for our highest APY but do not see 3.80% APY on your APY Details page the day after your Eligible Direct Deposit arrives, please contact us at 855-456-7634. Additional information can be found at http://www.sofi.com/legal/banking-rate-sheet. See the SoFi Plus Terms and Conditions at https://www.sofi.com/terms-of-use/#plus.
Min. to earn: $0
New customers can earn up to a $300 bonus with qualifying direct deposits!
4.00%
Rate info Circle with letter I in it. Balances less than $250,000 earn 4.00%, and balances greater than $250,000 earn 4.20%.
Min. to earn: $0
N/A
Open Account for Barclays Tiered Savings

On Barclays' Secure Website.

This money market account is right for you if:

The American First Credit Union Money Market Deposit Account from Raisin could be right for you if you want to earn a high APY on your money, are a fan of online banking, and don't mind routing both deposits and withdrawals through a single linked bank account. If you prefer in-person banking and want the option to directly fund a money market account via multiple other accounts, keep looking.

Our money market account methodology

At Motley Fool Money, we evaluate money market accounts based on four main criteria: annual percentage yield (APY), brand and reputation, fees and minimum balance requirements, and perks.

Our scores are weighted as:

  • APY: 40%
  • Brand and Reputation: 20%
  • Fees and Minimums: 10%
  • Perks: 30%

Learn more about how Motley Fool Money rates bank accounts.

FAQs

  • Raisin isn't a bank at all -- it's a financial services platform that partners with banks and credit unions to offer banking products. It only works with financial institutions that are FDIC and NCUA insured, however, so you know your money is safe.

  • Yes, you'll be able to keep track of your American First Credit Union Money Market Deposit Account from Raisin via Raisin's mobile app, which is available for both iOS and Android.

  • Money market accounts offer higher yields than standard savings and also often offer features like check-writing abilities or debit cards. This account offered through Raisin functions a little differently, but a money market account can be a great way to manage some of your money.