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  TCF Power Money Market

TCF Power Money Market

in Money Market Accounts from TCF Bank · fdic

Unaffiliated

TCF Power Money Market

Unaffiliated

in Money Market Accounts from TCF Bank · Member FDIC

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Highlights
APY (Annual Percentage Yield) 0.01%
APY Minimum Balance $0.01
Minimum Opening Deposit Starting at $50

TCF Power Money Market Review

TCF Power Money Market is offered by TCF Bank, a bank founded in 1923 and based in Sioux Falls, SD. TCF Power Money Market is available in 50 states (and Washington, DC).

Key Takeaways
  • Low APY. The maximum annual percentage yield for this account is only 0.01.
  • Charges a monthly fee. This account charges a monthly service fee of up to $10, but the fee is waived if you keep a minimum balance of $1,500.
  • Small minimum initial deposit. You only need $50 to open an account.
Pros & Cons of TCF Power Money Market
Pros Cons
  • Available in all 50 states.
  • Does not offer mobile check deposits.
  • Free debit card
  • Access to a nationwide network of ATMs.
  • No charge on incoming domestic or international wire transfers.
  • No signup bonus.
  • Monthly service charge.
TCF Power Money Market FAQ

Are money market accounts from TCF Bank federally insured?

Yes, your TCF Bank money market accounts are insured up to $250,000 per person by the Federal Deposit Insurance Corporation (FDIC). The FDIC is an independent agency of the United States government that protects you against the loss of your insured deposits if an FDIC-insured bank or savings association fails. FDIC insurance is backed by the full faith and credit of the United States government.

What are the interest rates for TCF money market rates?

TCF Power Money Market Rates and Terms
Rates Amount
APY 0.01%

TCF money market offers an APY of up to 0.01% (APY stands for annual percentage yield, rates may change).However, to earn interest you must keep a balance of $0.01.

What are the fees for TCF Power Money Market?

This account charges a monthly maintenance fee of up to $10. You can avoid this fee by maintaining a balance of $1,500.

TCF Bank will charge you a $15 fee if you exceed your maximum number of monthly transactions.

TCF Power Money Market Fees
Fees Amount
Monthly Fee up to $10
Paper Statement Fee N/A
Excess Transaction Fee $15

What is the minimum balance for TCF money market?

Minimum deposit of $50. You must make an initial deposit of at least $50 to open this account.

Monthly maintenance fee waiver. You can avoid the monthly fee if you keep a balance of $1,500.

Interest rate minimum balance of $0.01. You must keep the account balance above $0.01 to earn interest.

What features and perks does TCF money market offer?

This account includes the following features:

  • Check Writing - TCF money market includes check writing privileges. This is convenient method to pay bills and transfer money from your account.
  • Fraud monitoring - TCF Bank monitors transactions for potentially fraudulent activity.
  • Mobile Banking Services - TCF money market allows you to manage your money through online banking and a dedicated mobile app.
  • Nationwide ATM network - TCF 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 business card is .

What is the support contact email?

The support contact email for this business credit card is tcfbank.support@upstart.com.

How to open an account with TCF Bank

  • Visit the TCF Bank 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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Editorial Disclaimer: Editorial and user-generated content on this page is not provided or commissioned by the issuer. Opinions expressed here are the author’s alone and have not been approved or otherwise endorsed by any financial institution, including those that are advertising partners.

Contact

Hours of Operation

  • Sunday Closed
  • Monday 9:00am - 5:00pm
  • Tuesday 9:00am - 5:00pm
  • Wednesday 9:00am - 5:00pm
  • Thursday 9:00am - 5:00pm
  • Friday 9:00am - 6:00pm
  • Saturday 10:00am - 3:00pm

Other Services by TCF Bank

Availability

  Available in 50 states and Washington, D.C.
  • Alaska
  • Alabama
  • Arkansas
  • Arizona
  • California
  • Colorado
  • Connecticut
  • Washington, DC
  • Delaware
  • Florida
  • Georgia
  • Hawaii
  • Iowa
  • Idaho
  • Illinois
  • Indiana
  • Kansas
  • Kentucky
  • Louisiana
  • Massachusetts
  • Maryland
  • Maine
  • Michigan
  • Minnesota
  • Missouri
  • Mississippi
  • Montana
  • North Carolina
  • North Dakota
  • Nebraska
  • New Hampshire
  • New Jersey
  • New Mexico
  • Nevada
  • New York
  • Ohio
  • Oklahoma
  • Oregon
  • Pennsylvania
  • Rhode Island
  • South Carolina
  • South Dakota
  • Tennessee
  • Texas
  • Utah
  • Virginia
  • Vermont
  • Washington
  • Wisconsin
  • West Virginia
  • Wyoming

Feature Breakdown

APY Minimum Balance $0.01
Minimum Balance to Avoid Monthly Fee Starting at $1,500
Minimum Opening Deposit Starting at $50
Monthly Fee $0 - $10
Account Features
  • Interest Bearing Account
  • Nationwide ATM Network
  • Mobile Banking
  • Fraud Monitoring
  • Fraud Protection
  • Debit Card
  • Member FDIC
  • Check Writing
APY (Annual Percentage Yield) 0.01%
Dividend Compounding Frequency Monthly
Dividend Payout Frequency Monthly

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