At Town & Country Credit Union we value and show deep respect for the communities in which we live and work. We contribute positively to our communities through volunteering, networking, philanthropic giving, education and more with a goal of positively improving the lives of those we serve.
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.