Tinker Federal Credit Union Savings Rates

Posted in Banks Money Market Rates by Bankaholic
February 26, 2008 07:31 AM - 0 Comments

Founded in 1946, Tinker Federal Credit Union has celebrated its 60th anniversary in 2006. During this period they have grown from a small group to 180,000 members. It has now become the largest credit union in Oklahoma, which is serving Tinker Air Force Base and the employees of over 400 area companies. They offer a variety of services and financial products ranging from loans, credit cards to savings accounts. It provides the services of equal housing lender as well. It operates on the principles of a true not-for-profit organization. Its members enjoys a special status of being an owner of the most dynamic cooperative financial institutions. For over 60 years its members have enjoyed higher dividends on shares, lower interest on loans, and lower or no fees on financial services.

Its Premium Plus Tiered Money Market Savings Account offers good rate of returns. It earns monthly dividends based on the average daily balance. It requires a minimum opening balance of $10,000. Below explained are some of the dividend rates being offered:

- A balance of $100,000 and above earns a dividend rate of 3.93% with 4.00% APY.

- A balance of $75,000.00 to $99,999.99 earns a dividend rate of 3.74% with 3.80% APY.

- A balance of $50,000.00 to $74,999.99 earns a dividend rate of 3.54% with 3.60% APY.

- A balance of $25,000.00 to $49,999.99 earns a dividend rate of 3.35% with 3.40% APY.

- A balance of $10,000.00 to $24,999.99 earns a dividend rate of 2.96% with 3.00% APY.

- A balance of up to $9,999.99 a dividend rate of 0.50% with 0.50% APY.

*The rates are noted as on 25 Feb, 2008.

It provides easy account access, with quarterly statements and automatic transfer options are also available. Premium Plus, combined with your other TFCU accounts, is federally insured to $100,000 by the National Credit Union Administration (NCUA). You may fill in the application form which is available on their website: https://www.tinkerfcu.org/Pdfs/TFCU_Account_Application.pdf and start enjoying the benefits now.