GENCO Money Market Accounts
Many members looking for more bang to their savings buck turn to GENCO Federal Credit Union Money Market Accounts. If you have $2,500 or more to invest but need quick, easy access to your funds, this is the account for you!
Money Market Accounts are a type of savings account that usually pay higher dividends than Regular Savings, yet offer more liquidity and flexibility than term share certificates (CDs). Checks may also be ordered specifically for this account.
High yields, easy access and security are just a few of the advantages to a GENCO Federal Credit Union Money Market Account. Other features include:
- Monthly compounded dividends
- Withdrawals in $500 increments
- Up to three withdrawals per month
- Liquid savings with no fixed terms
- No penalties for early withdrawals
- Easy access though PAT (Personal Audio Teller)
Dividends are calculated on average daily balances of $100 or more and are paid monthly. If the balance falls below the required minimum at any time during the month the dividend is reduced and will equal checking account dividend amounts for that month.
For more information on any GENCO Federal Credit Union product or service, visit any branch or call (254) 776-9550 or (800) 922-6428.