Money Market – Checking & Savings – Telcom Credit Union

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Money Market

Money Management
Money Management Accounts (MMA) give you an opportunity to earn more on your deposits, are liquid, easy to access, and feature:

	Competitive, variable interest rate – calculated daily, paid monthly
	Rate subject to change monthly
	Minimum balance of $2,500 required
	Six free withdrawals per month. There is a $5 charge for each withdrawal thereafter
	Interest will be calculated daily and paid to the account monthly
	Convenient access via tellers, ATM (limited to CO-OP Network ATMs), Telephone Banking System, Online Banking, and Michigan Family Service Centers
	Maximum of six transfers by Telephone Banking System or Online Banking per month
	Higher rate earned on balances above $20,000
	Safety – MMAs are included in NCUA $250,000 coverage.

Elite Money Management
Telcom Credit Union offers an Elite Money Management Account with higher interest rates paid on higher balances, and features all the same benefits our regular MMA, plus:

Two interest rate tiers:

		Balances between $50,000 to $99,999.99
		Balances $100,000 or more

	Elite MMA balances that fall below $50,000 will earn the regular savings interest rate for those days that the balance is below $50,000
	Interest will be calculated daily and paid to the account monthly
	Safety – Elite MMAs are included in NCUA $250,000 coverage.

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