TCF Power Money Market
in Money Market Accounts from TCF BankUnaffiliated
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 offered in 7 states across the USA.
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 TCF Power Money Market rates?
TCF Power Money Market offers an APY of up to .01% (APY stands for annual percentage yield, rates may change).However, to earn interest you must keep a minimum balance of $.01.
What are the TCF Power Money Market fees?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.
Federal regulations limit the number of transactions you can make from your money market account to six per month.
|Monthly Fee||up to $10|
|Paper Statement Fee||N/A|
|Excess Transaction Fee||$15|
What is the minimum balance for TCF Power Money Market?
No minimum initial deposit. TCF Bank does not require a minimum initial deposit to open an account.
Monthly maintenance minimum balance of $1,500. You can avoid the monthly fee if you keep a minimum balance $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 Power Money Market offer?
This account does not seem to offer any of the features and perks we track.
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.
- South Dakota