Preferred Money Market | www.telcoccu.org Skip to main content
You are here

Preferred Money Market

A High-Yielding Account with Maximum Accessibility

A great way to earn dividends and have liquidity is by depositing your funds in a Money Market Account. While these accounts have limited access, they earn higher dividends than a Savings Account. 

  • Minimum deposit to open account is $250
  • Higher rate of return
  • Deposits and withdrawals available  (Federal Regulation D limits the number of automatic, preauthorized or telephone transfers to 6 per month)
  • 6 withdrawals per month (checks, transfers, withdrawals) 
  • Checks available for account
  • If balance falls below $2,500 any time during the statement cycle, interest/dividend for that period will drop to the regular share interest/dividend.
  • Direct deposit/ Payroll deduction available
  • Monthly Statements and Dividends
     

Funds Insured

Deposits are federally insured up to $250,000 by the National Credit Union Share Insurance Fund, a U.S. Government agency.