Everence 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.

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Account features

Flexible access to your accounts

Everence Money Market Accounts provide depositors with a convenient and liquid option for their cash deposits. This means you can access your money more easily than a typical investment, and it offers a higher return than a traditional checking and savings account. Everence Money Market Accounts are available through Everence Capital Management, advisors for Praxis Mutual Funds.

Easy access to money

Write as many checks as you need – it’s free to write as many checks as you want. It only takes a telephone call or written request to transfer your money between Everence Money Market Account and Praxis Mutual Funds.

Your money makes an impact

Everence Money Market Account assets are held at Urban Partnership Bank, a Chicago-based bank with a branch in Detroit, Michigan. Your investment helps provide access to responsible financial services and products in distressed urban 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 fill out and mail a Praxis Mutual Funds application.

Download and mail the Praxis application

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

Login to your online account access and make the exchange.

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

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

Are you a financial professional?

Help your clients invest in impact with an Everence Money Market Account.

For more information about the account and advisor resources, contact praxisadvisorinfo@everence.com.

Or download an account application.

More 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 Everence Money Market Account are FDIC insured for up to $250,000 per depositor.
  • Convenience: It's easy to move assets between the Everence Money Market Account and Praxis Mutual Funds by telephone or written request.
  • Account types: Available only for individuals, trusts and nonprofit organizations. Individual accounts may include joint accounts, custodial (UGMA/UTMA) accounts and IRA accounts. This account is not available to 403(b) accounts.
  • Yield: Current rate is 0.30 percent. Annual percentage yield is 0.30 percent.

About Urban Partnership Bank 

Urban Partnership Bank is an FDIC-insured, full-service Community Development Financial Institution and Minority Depository Institution with more than $500 million in assets.

The bank works together with individuals, small businesses, nonprofits, foundations and faith-based organizations to provide access to responsible financial services and products in distressed urban communities. By deploying capital into these neighborhoods primarily through commercial lending, the bank serves as a catalyst for job growth and increased availability of affordable housing.

Urban Partnership Bank's mission is to make a difference every day:

  • Serving our customers
  • Building vibrant urban neighborhoods
  • Promoting economic and environmental sustainability
  • Creating long-term success for our communities and bank

For financial professionals

Let us support you as you help your clients make a difference through Praxis Mutual Funds. Find client materials, webinars and other educational materials.

 

Learn more

Disclosure

Everence Capital Management and Urban Partnership Bank are not affiliated. The Everence Money Market Account is not distributed by BHIL Distributors LLC.

An 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.

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