A TTCU money market may be just what you’re looking for!

Choosing the right kind of savings account for your future can seem a bit daunting – especially when there are so many to choose from. That’s why we’re making it easy by breaking down each of our account offerings to see which one fits best in your financial journey.

While we learned previously that certificates* earn more as you lock in for a certain amount of time, money market accounts differ because they give you the freedom to save and spend without having to wait until you’ve reached a certain term.

This month, our Savings Series is all about having easy access to your money and earning higher dividends than a regular savings account with a TTCU money market. 

Here's the breakdown:

  • $2,500 minimum deposit
  • Dividends paid monthly
  • Requires subsequent deposits of $100 or more
  • Minimum withdrawal of $100

To dive deeper into the benefits of our money market accounts, I reached out to two TTCU branch managers who help members open them every day – Ron M. (Muskogee) and John B. (Jenks).

How would you describe a money market?

Ron: A glorified checking account with higher interest rates and limited withdrawals.

John: A savings account that gives you more access to your money and a much better rate of interest. 

Why would you recommend a money market?

Ron: If you’d like an interest-earning account with higher minimum deposits that allows you to occasionally pay a bill or two, and the flexibility and freedom to write a check or use a debit card - a money market account is a GREAT option.

John: If you need to keep funds liquid but earn a higher rate than our regular savings or checking pays.

When would you recommend a money market account over a certificate or regular savings account?

Ron: Certificate accounts have withdrawal restrictions which could result in the loss of your hard-earned money if you choose to withdraw before your term is complete. Savings accounts have less restrictions than a certificate, but with lower interest rates than a money market.

John: Again, it comes back to liquidity. All members want to earn as much as they can but cannot always lock up the money in a certificate. A money market is the best place for those short-term funds.

What are the key benefits of a money market?

Ron: Access! There are more ways to access savings and you earn higher interest rates. Also, you can be sure that your money is safe because it is insured by the NCUA.

John: Higher rates and better access to your funds. You can write a limited number of checks if needed per month.

Anything else you’d like to share?

Ron: A money market is a great product for the savers and the spenders. You can have the best of both worlds!

John: TTCU rates are generally higher than the banks in town. On any amount of money, our rates make a difference to our members’ wallets.


Interested in a TTCU money market? We’d love to help! As always, we’re here to answer all your questions and get you into the account that works best for you.