Maximize Your Money with a Money Market
You're working hard to save some serious cash. It's time you put that money to work for you. Maximize your earnings without losing your flexibility with a Town & Country Money Market account.
A Money Market account provides a great way to earn more interest on your savings without tying your funds up for a specific term like a Certificate of Deposit (CD) would. With a Money Market, your earnings are based on your balance and you can withdraw your funds at any time. Plus, unlike many money market accounts at other financial institutions, Town & Country Money Markets have no minimum balance fees and no monthly service charges – just great rates.
Which Money Market is best for me?
We have two options for a Money Market account – a basic Money Market and a Premium Money Market.
Money Market: Great for members who want to earn higher dividends on balances of $1,000-$25,000. Dip below the minimum of $1,000? No worries. Your earnings just drop down to the share savings rate until you increase the balance again.
Premium Money Market: Designed for high dollar savers. You can earn tiered dividends on balances over $25,000. The more you save, the more you earn!
Check out an earnings breakdown below.
|Account||Average Daily Balance||APY*|
|Premium Money Market||$25,000 - $99,999.99||0.50%|
|$100,000 - $249,999.99||0.75%|
What do those rates look like in dollars? Let’s try a couple examples.
Example 1: Betty is carrying a balance of $50,000 in her share savings account which will earn $25 over one year. If she upgrades to a Premium Money Market account, she’ll earn $250 over that same year! Example 2: Elmer is carrying a balance of $200,000 in his share savings account which will earn $100 over one year. If he upgrades to a Money Market account, he will earn $1,500 over that same year!
Stop in or give us a call today to see how much you could earn by maximizing your savings with a Town & Country Money Market account!
*APY=Annual Percentage Yield. Rates accurate as of 6/19/2019. Current rates available here.