Money Market Account
TOPCU’s Money Market account is a deposit account that has elements of both a savings and checking account, but also pays higher dividend rates than our regular savings and checking accounts. Enjoy rates based on a tiered structure — so the higher your balance, the higher your rate.
This account allows instant access to your funds without any penalties, unlike a certificate of deposit. Withdrawals can be performed at the branch with a teller, at an ATM, with Online Banking via funds transfer, and/or Shared Branching. Members can also request to purchase checks for a Money Market account.
Money Market Savings Rates
| Tier | APY* |
|---|---|
| $0 - $2,499.99 | 0.01% |
| $2,500 - $9,999.99 | 0.35% |
| $10,000 - $24,999.99 | 0.35% |
| $25,000 - $49,999.99 | 0.40% |
| $50,000 - $74,999.99 | 0.65% |
| $75,000 - $99,999.99 | 0.75% |
| $100,000 - 149,999.99 | 1.51% |
| $150,000 - $174,999.99 | 2.02% |
| $175,000 - $249,999.99 | 2.27% |
| $250,000 and above | 2.53% |
*APY=Annual Percentage Yield. The rate may change any time after the account is opened. Account fees could reduce the earnings on the account.
The required minimum deposit to open this type of account is $2,500 and the average daily balance to earn higher dividends is also $2,500.