US Federal Credit Union Money Market Account

Thomas W. Doig has helped establish over 1,000 credit unions during his lifetime. It is one of the founders of Minnesota’s oldest financial cooperative named US Federal Credit Union. It was founded in 1925, and today it has become one of the largest and most respected credit unions. It operates with the mission of providing an excellent member service. For contributing to the financial success of its members it has launched Money Market Savings Account. Money Market Savings Account gives instant access to your money and pays you competitive market rates. It provides the key ingredients for cash management plan.

It requires an opening deposit of $2,500. The APYs are based on five tiers which are as explained below:
- If your balance is from $2,500 to $9,999.99 you will earn an APY of 2.00%.
- If your balance is from $10,000 to $24,999.99 you will earn an APY of 2.25%.
- If your balance is from $25,000 to $49,999.99 you will earn an APY of 3.25%.
- If your balance is from $50,000 to $99,999.99 you will earn an APY of 3.75%.
- If your balance is from $100,000 and over you will earn an APY of 4.09%.

You earn the dividends on your entire daily balance on the basis of your tier level. Your savings at US Federal Credit Union are insured up to $100,000 by the National Credit Union Administration, an agency of the US Government.

Money Market Savings Account Features:
- Your earnings are paid and compounded monthly
- Unlimited withdrawals or deposits in person
- You can write up to three checks per month in any amount
- Electronic transfers/withdrawals are limited to three per month
- Each month you’ll receive an easy-to-read statement with all your account transactions
- You won’t pay a service charge for dropping below the minimum balance like most banks charge. Instead, dividends will not be earned only for the day(s) the $2,500 minimum balance isn’t maintained.

Apply now for a Money Market Savings Account by taking a printable application from their site: http://www.usfed.org/home/ps.ps_savings.ps_savings_mm. You can complete this form as instructed and start the processing for application of your account.
*The APY rates are noted as on 19,December’2007.