Members Trust Money Market account has been designed to benefit our members who routinely maintain a share (savings) account balance in excess of $2,500.00.
The following restricitions apply:
* Minimum initial deposit required $2,500.00
* Minimum balance required to earn dividends $2,500.00
* Maximum of three (3) withdrawals per month
* Automatic withdrawals are not permitted
* If the account is closed, it cannot be reopened for six (6) months
Dividends are accrued daily and paid monthly.
Dividend rate is based on the balance in your account. We offer three tiers of all types of investors.
The dividend rate is variable and may be changed at any time.
Withdrawals can be made in person, over the phone, through the convenience of PASS. You can also request a withdrawal through Online Banking.
Deposits are insured by the National Credit Union Share Insurance Fund.
Fees
If the balance in your money market account falls below the $2,500.00 minimum balance requirement there will be a fee of $20.00. No dividend will be earned if the balance is below the minimum.
Withdrawals are limited to three (3) in a calendar month. There will be a fee of $20.00 for each withdrawal over three.
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