Money Market Accounts
Saving money is important for your financial wellbeing. And although savings accounts are a great choice for all families trying to save, there are other account options available at United Teletech Financial. One of those options is the money market account.
What Is a U-Savers Money Market Account?
A money market account is similar to a savings account. The only difference is that money market accounts have some checking account features as well. Most money market accounts come with checks and other features. For example, the U-Savers Money Market account comes with free checks and access to our online banking tools.
Plus, money market accounts allow you to have access to your money at any time; there are no fees for making withdrawals. Money market accounts often have a higher APY* than traditional savings accounts, making them a great choice for saving for the future. It's important to note that balances less than $1,000 will not accrue interest.
Cash within a money market account is insured by the NCUA. To learn more about the U-Savers Money Market account, check out our rates. We also offer specific money market accounts for estates and businesses, depending on your needs.
Is a Money Market Account the Right Choice for You?
Should you open a savings account or a money market account? If you have a large sum of money you'd like protected for the time being, yet you'd still like easy access in the event of an emergency, a money market is a great option. Or, if you have a savings account and want to try increasing your APY, a money market account is worth checking out.
Money market accounts are super simple to access. If you wish to save your money and don't want the temptation of easy access, a traditional savings account might be best for you.
Questions? Concerns? We Offer Certified Financial Counseling.
Not sure if a money marketing account is right for you? We offer certified financial counseling to help you better understand your options. Our counselors will help you develop a plan to reach your financial goals. If a money market account would serve you, they'll help you open the account and instruct you on how to use it best.
Open Your Money Market Account Today
Have questions about our money market account? Want to get started today? We're now accepting branch appointments. Give our team a call at 732-530-8100 or book an appointment at one of our branches today.
*Annual percentage yield
Disclosure: Fees may reduce earnings. Penalties for early withdrawal may apply.
*Fees may reduce earnings