As a member-owned financial cooperative, our members earn higher dividends and pay lower loan rates and lower fees, giving your company more cash to do business.
An insured Teachers Federal Credit Union Business Money Market Account gives you complete flexibility, liquidity and safety – not to mention a high rate of return and easy access to your money.
The minimum balance is $2,500. A $5 monthly charge will be assessed for the period of time the account remains under $500.
Dividends are compounded daily and are declared, credited, and paid monthly.
Unlike money market funds, Teachers offers the safety of an insured Business Money Market Account. Your savings are federally insured up to $250,000 and backed by the full faith and credit of the National Credit Union Share Insurance Fund (NCUSIF).
As many as six (6) draft/check withdrawals from your account are permitted per month. Special drafts for this purpose are issued with your Money Market account package.
You can deposit to your Business Money Market account at any time, there is no minimum deposit amount.
- Monthly statements
- Your monthly statement will list all account activity, noting deposits, withdrawals and dividends earned.
- Easy to open
- Just apply online from within Online Banking*, or visit any of our branches.
* Just sign on to Online Banking, go to the Accounts menu, and choose Add Accounts. Then, follow the prompts.
Whether you're in need of a large or small business Money Market Account, we're here to help.