Teachers Federal Credit Union in New York Lowers Money Market Tiers

Living in New York offers a lot of benefits, including competitive money market tiers from Teachers Federal Credit Union. However, since our previous report on Teachers Federal Credit Union, the account’s rate tiers have dropped:

• 2.01% APY – balances of $500,000 or more
• 1.90% APY – $250,000 – $499,999
• 1.75% APY – $100,000 – $249,999
• 1.55% APY – $50,000 – $99,999
• 1.45% APY – $25,000 – $49,999
• 1.20% APY – $2,000 – $24,999

There are still some great perks that come with this account, however. A few include:

• No fee ATMs
• Online and telephone banking
• Liquid assets
• NCUA insured
• 6 drafts/check withdrawals permitted each month
• Direct deposit and payroll deduction
• Unlimited deposits

The minimum to open the account is $2,500. The minimum is $500 to avoid a $5 monthly charge. Dividends are compounded daily and paid monthly.

Opening an account requires membership to the credit union. To join, you must live, work or worship in parts of Suffolk County. See eligibility page for full details.

>> Money Market Accounts

Other Terms and Conditions may apply. Additionally, rates may have changed since this offer was posted. Please contact the financial institution for the most recent rate updates and to review the terms of the offer.