Quarter Plus Money Market Savings Account

A Money Market Account (MMA) is a savings account that typically offers higher interest rates than traditional high yield savings accounts. It combines the earning power of investment funds with the liquidity of checking accounts.

This means that account holders can earn good returns while still having access to their money. The rates are usually tiered, meaning the greater balance you have, the higher the interest rate.

The rate you get for a Money Market Savings Account is higher than for a regular Savings Account because the minimum deposit is $2,500 compared to $10.

You also need to maintain a minimum balance of $2,500 to earn a higher rate and annual percentage yield (APY). Both accounts let you make a certain amount of withdrawals.

To open an account and earn dividends, you can start with a minimum deposit of $2500. You have the flexibility to add more funds at your convenience, whether through payroll deduction, at the branch, via mail, or by electronic deposit.

You can join Telcoe Federal Credit Union if you live in select Arkansas counties or belong to one of our Select Employer Groups. Contact us to learn more — one of our Membership Specialists will call or email you within one hour.

While both banks and credit unions offer similar services, credit unions are member-owned cooperatives. This means that we give profits back to our members in the form of higher earnings on deposit accounts, lower loan rates, and fewer fees.

Becoming a member of Telcoe Credit Union opens the door to a range of financial services designed with you in mind. We focus on providing excellent customer service, competitive rates, and community-based initiatives. Our Money Market Savings Account is just one example of how we put your financial well-being first.

Other membership benefits include:

• Low Rates on Loans
• Great Savings Rates
• Federally Insured Deposits by the National Credit Union Administration (NCUA)
• Personal Customer Service
• Free Financial Coaching
• Online & Mobile Banking
• Access to a full range of products designed for your financial success

You’ll need to be a Telco Federal Credit Union member to open a Money Market Savings Account. You’ll also need to provide identification, proof of residence, and an initial $2500 deposit.