Praxis Money Market Account

Get the flexibility of easy access to your money along with a typically higher rate of return than a traditional checking and savings account.

Account features

Flexible access to your accounts

Praxis Money Market Accounts¹ provide depositors with a convenient and stable option for their cash deposits. Depositors can access their money more easily than a typical investment through check-writing privileges, and may receive a higher return than a traditional checking or savings account. Praxis Money Market Accounts are available through Praxis Investment Management, Inc. and made available to Praxis shareholders.

Convenience

Write as many checks as you need – it’s free. And it's easy to transfer your money between your Praxis accounts online, by telephone or by written request.

Your money makes an impact

Praxis Money Market Accounts assets are held at Providence Bank & Trust, a full-service community bank with locations across the Chicagoland and Northwest Indiana area. Your investment helps provide access to responsible financial services and products in low-to-moderate income communities.

Available account types

This account is only for individuals, trust and nonprofit organizations. Individual accounts may include joint accounts, custodial (UGMA/UTMA) accounts and IRA accounts. Not available to 403(b) accounts.

Open a Money Market Account

To open a new Money Market Account, talk to your financial advisor or you can complete an online application or download a paper application.

To transfer Praxis funds into a new or existing Money Market account:

You could also call 800-905-7725 or mail your instructions to:

Praxis Mutual Funds
℅ U.S. Bank Global Fund Services
P.O. Box 701
Milwaukee, WI 53201-0701

Are you a financial professional?

Help your clients invest in impact with Praxis Money Market Accounts.

For more information about the account and advisor resources, contact advisorinfo@praxismutualfunds.com.

Or learn more about opening an account.

Current rate and account details

Interest rate

Current rate: 3.36%
Current annual percentage yield: 4.6148%.

Account details

Minimum initial deposit: $1,000
Minimum subsequent deposit: $50
Liquidity: Free check writing - account holders may write unlimited checks ($250 minimum per check) against the account. (Check writing not available for retirement accounts.)
Safety: Assets in the Praxis Money Market Accounts are FDIC insured for up to $250,000 per depositor.
Convenience: Investors may exchange assets between the Praxis accounts² - online, by telephone or by written request. Sales charges may apply.

About Providence Bank & Trust

Providence Bank & Trust is an FDIC-insured, Equal Housing Lender and full-service community bank with more than $1.6 billion in assets.

The bank works with individuals, small businesses, nonprofits, foundations and faith-based organizations to provide access to capital and responsible financial products and services. Providence employees have a deep understanding of the communities they serve and understand the importance of providing responsive, local banking services. Through the Providence Bank & Trust Stewardship Program, 10 percent of the bank's profits are donated annually to local civic, nonprofit and Christian organizations with more than $9.4 million being donated since their founding in 2004.

Providence Bank & Trust's mission is to make a difference every day:

Serving our customers by delivering a competitive array of commercial, personal, mortgage and trust banking capabilities - all with a level of personalized service that is unsurpassed.

Resources

For financial professionals

Use our tools to support your relationship with clients who aim to make a difference through their investments.

Disclosure

¹The Praxis Money Market Accounts is available through Praxis Investment Management, Inc. for Praxis shareholders and is not a product of the Everence Federal Credit Union.

²An investment in the Praxis Mutual Funds is not a deposit in a bank account and is not insured or guaranteed by the FDIC or any other government agency.

Praxis Investment Management, Inc. and Providence Bank & Trust are not affiliated. The Praxis Money Market Account is not distributed by Foreside Financial Services, LLC.

The Praxis Money Market Account is FDIC insured (subject to FDIC rules and limits) for up to $250,000 through Providence Bank & Trust. Please note, however, that for purposes of determining the FDIC coverage, any money that you have on deposit directly with Providence Bank & Trust will be combined with the amount on deposit in your Praxis Money Market Account.