Last Updated: 04/18/2025
Okaloosa County Teachers Money Market
Unaffiliated
Last Updated: 04/18/2025
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Highlights
APY (Annual Percentage Yield)
0.10% - 1.11%(Verified 08/18/2024)
Minimum Balance to Earn APY
$1,000
Minimum Opening Deposit
Starting at $1,000
Okaloosa County Teachers Money Market Review
Okaloosa County Teachers Money Market is offered by Okaloosa County Teachers Federal Credit Union, a credit union founded in 1960 and based in Crestview, FL. Okaloosa County Teachers Money Market are available in 50 states, 5 US territories, and Washington, DC.
Key Takeaways
- Very high annual percentage yield (APY). This account offers an annual percentage yield of up to 1.11%, which is much higher than the national average for a money market account. However, you must keep a minimum balance of $1000.
- $0 monthly account fees available. This account charges a monthly fee of up to $5, but the fee may be waived if you keep a minimum balance of$1,000.
- $1,000 minimum deposit. This is a typical minimum initial deposit, but there are accounts that require a smaller initial deposit.
Pros & Cons of Okaloosa County Teachers Money Market
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Okaloosa County Teachers Money Market FAQ
Are money market accounts from Okaloosa County Teachers Federal Credit Union federally insured?
Yes, your money market accounts are insured up to $250,000 per share owner for each account ownership category. The National Credit Union Administration (NCUA), a federal agency, administers the insurance fund and regulates federally insured credit unions. The fund is backed by the full faith and credit of the U.S. Government.
What are the dividends for Okaloosa County Teachers Money Market rates?
Okaloosa County Teachers Money Market offers an APY starting at 0.10% and ranging up to 1.11% (APY stands for annual percentage yield, rates may change). However, to earn interest you must keep a minimum balance of $1000.
| Rates | Amount |
| APY (Annualized Percentage Yield) | 0.10% - 1.11% |
What are the fees for Okaloosa County Teachers Money Market?
This account charges a monthly maintenance fee of up to $5. You can avoid this fee by maintaining a balance of $1,000.| Description | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Monthly Service Fee | $0 - $5 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
What is the minimum balance for Okaloosa County Teachers Money Market?
Minimum deposit of $1,000. You must make an initial deposit of at least $1,000 to open this account.
Monthly maintenance fee waiver. You can avoid the monthly fee if you keep a balance of $1,000.
Interest rate minimum balance of $1,000. You must keep the account balance above $1,000 to earn interest.
What features and perks does Okaloosa County Teachers Money Market offer?
This account includes the following features:
- Mobile Banking Services - Okaloosa County Teachers Money Market allows you to manage your money through online banking and a dedicated mobile app.
- Nationwide ATM network - Okaloosa County Teachers Money Market allows you to access your money from an ATM, a convenient feature only a few offer.
What is the customer service phone number?
The customer service number for this account is (850) 682-2225.
What is the support contact email?
The support contact email for this business credit card is contactus@okaloosafcu.org.
How to open an account with Okaloosa County Teachers Federal Credit Union
- Visit the Okaloosa County Teachers Federal Credit Union website.
- Fill in the application form. You will typically need to provide general financial information, such as your name, Social Security Number and address.
- Check the information is accurate and submit your application.
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Hours of Operation
Sunday
Closed
Monday
8:30AM - 4:45PM
Tuesday
8:30AM - 4:45PM
Wednesday
8:30AM - 4:45PM
Thursday
8:30AM - 4:45PM
Friday
8:30AM - 5:15PM
Saturday
Closed