With a money market account, you'll earn more interest on your money than a regular savings account. You'll get a great interest rate and still have easy access to your money! A minimum deposit of $50 is required to open this account.
With an Austin Telco Money Market account you'll enjoy:
- Competitive Rates
- Unlimited withdrawals you make in person1
- Unlimited Deposits
- No monthly service/account fees
- Federally insured up to at least $250,000
¹You may transfer out of the Money Market account through telephone or online but limited to six times per month.
Money Market Account - Anticipated Dividends
Effective as of January 4th, 2023
Truth-in-Savings Share Disclosure
| Balance | Dividend Rate | Annual Percentage Yield |
|---|---|---|
| Below $2,000 | 0.00% | 0.00% |
| $2,000 to $74,999 | 0.40% | 0.40% |
| $75,000 and Above | 0.50% | 0.50% |
- A minimum deposit of $50 is required to open this account.
- No monthly account/service fees.
- A daily balance of $2000 is required to obtain the Annual Percentage Yield for the monthly dividend period.
- Dividends are compounded and paid monthly.
- Please see Fee Schedule.
- Fees could reduce the earnings on the account.
- Rates subject to change without notice.
¹For all savings and money market accounts, you may make no more than six (6) transfers and withdrawals from your account to another account of yours or to a third party in any month by means of a preauthorized, automatic, or Internet transfer, by telephonic order or instruction, or by check, draft, debit card or similar order. If you exceed these limitations, your account may be subject to a fee or be closed. There are no limitations to the number of transactions that you may perform on any account in person, by mail, or at an ATM.