Earn More on Your Savings with a Money Market Account
Are you searching for a way to make your savings grow without locking them up for a long period of time? A money market account is the perfect option. Not only does it offer higher dividends than other savings options, but it is also safeguarded by the NCUA, so you can rest assured that your money is secure.
Benefits of an Austin Telco Money Market Account
A Money Market through Austin Telco Federal Credit Union comes with several perks, including:
Higher Interest Rates: Money market accounts provide the opportunity to receive larger returns on your deposits due to their higher rates of interest, which are typically compounded and paid each month, as opposed to regular savings accounts.
Accessibility: Unlike Share Certificates, Money Market accounts do not require lengthy terms to see high dividend rates. Instead, you keep the minimum balance above what's needed for the rate.
No Service or Minimum Balance Fees: It is much simpler to get a higher rate of return with a Money Market account than a Share Certificate, as there is no need to commit to a long-term agreement. All that is required is maintaining a balance that is above the minimum amount. This means that even if your account does fall below the minimum balance, it will not incur a fee.
Money Market Account Anticipated Dividend Rates
$2,000 to $24,999
0.50%
Annual Percentage Yield
$25,000 to $74,999
0.60%
Annual Percentage Yield
$75,000 to $124,999
0.70%
Annual Percentage Yield
$125,000 to $499,999
0.75%
Annual Percentage Yield
$500,000 to $999,999
1.80%
Annual Percentage Yield
$1,000,000 or greater
1.90%
Annual Percentage Yield
A minimum daily balance is required to obtain the Annual Percentage Yield for the monthly dividend period.
Anticipated Dividend Rates
$2,000 to $24,999
$25,000 to $74,999
$75,000 to $124,999
0.50%
Annual Percentage Yield
0.60%
Annual Percentage Yield
0.70%
Annual Percentage Yield
$125,000 to $499,999
$500,000 to $999,999
$1,000,000 or greater
0.75%
Annual Percentage Yield
1.80%
Annual Percentage Yield
2.00%
Annual Percentage Yield
A minimum daily balance is required to obtain the Annual Percentage Yield for the monthly dividend period.
A money market account is a great way to get the most out of your savings, providing higher interest rates, flexibility, and safety. Whether you are saving for something specific or setting aside an emergency fund, this option can help you reach your financial objectives. With its many advantages, a money market account is a great choice for anyone looking to maximize their savings.
Federally Insured by NCUA
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Federally Insured by NCUA
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