Money Market Tips, Info & FAQs
A limited saving transaction account that pays a higher dividend rate
Want to save more? If you have excess funds and don’t need immediate access to them, you can earn a higher dividend rate with our Money Market account.
For New Parents: 3 Ways to Start Planning Financially
It’s never too early to start thinking about your financial future. If you just had a baby, now is a great time to begin planning. Here are some first steps:
1. Open a savings account for your child
Open a savings account in your child’s name, and start depositing a little money. Studies have shown that children who grow up having savings accounts tend to be more financially responsible adults. You can explain to your child early on that they have their own savings account in their name, and get them excited about using it.
2. Start thinking about college
It may seem far ahead, but college is expensive. That’s why you should start saving now. Don’t feel too overwhelmed though. Consider aiming your savings goals at one-third of total anticipated cost. The other two-thirds can be paid at the time of college, using student loans, scholarships, and your own current income.
3. Get a life insurance policy
If you’re just having your first child, then it’s likely that your life insurance will be inexpensive. Getting a policy is a great way to provide some peace of mind, and to protect your family’s financial future. Shop around for options and choose what fits your circumstances best.
What does "limited transaction account" mean?
This account is not considered to be a transaction account. Therefore, we must limit no-fee transactions on this account to any six restricted transactions during the statement period. You may make unlimited unrestricted transactions from this account, however, normal transaction fees will apply. An Excessive Transaction Fee will be imposed on each transaction exceeding six (whether restricted or unrestricted) as per the Fee Schedule.
Is there a limit on the number of deposits you can make to this account?
No. You are allowed to make unlimited deposits to this account.
Can you write checks against this account?
Yes, you may write up to three checks per month on this account.
Is there a minimum balance requirement to avoid a fee?
No, there is not.
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Money Market Rates & Calculator
Information and interactive calculators are made available to you as self-help tools for your independent use. We cannot and do not guarantee their accuracy or their applicability to your circumstances. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.
|Balance Up to $2,499.99||0.30% APY*|
|Balance of $2,500 and Over||0.50% APY*|
*APY = Annual Percentage Yield. APY is accurate as of August 1, 2020, and may change after the account is opened. Dividends are based on the daily balance during the dividend period and paid to the account monthly. Balance tier determines the daily dividend rate and APY on the daily account balance. Fees or other conditions could reduce the earnings on the account. Payment of all dividends is subject to availability of earnings.
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Money Market Why United Texas
- Rates 10x higher than our savings account
- $2,500 minimum opening deposit
- Six free transfers or withdrawals per month
- 3 free checks per month
- Unlimited deposits
I’ve been a member for almost 10 years. Super simple loan process and great checking/savings options. Great local credit union!
Hi Huston - Thanks so much for your five-star endorsement of United Texas Credit Union. We sincerely appreciate your loyalty and look forward to serving you and your family for many years to come! Thanks again! - Karla :)
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Money Market How it Works
Opening a Money Market account with us is fast and simple.
Give us a call, contact us online, or come into any one of our branches.
Join United Texas Credit Union. All you need to do to become a member is to open a $5.00 minimum savings account.
Open a Money Market Account.
Start earning great rates!
Related Products & Services
Per Regulation D, this account is not considered to be a transaction account, therefore, United Texas must limit transactions on this account to any six restricted transactions during the statement period. You may make unlimited unrestricted transactions from this account, however, normal transaction fees will apply. An Excessive Transaction Fee will be imposed on each transaction exceeding six (whether restricted or unrestricted) as per the Fee Schedule.