TCF Power Money Market

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).

• 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
Available in all 50 states. Does not offer mobile check deposits. Free debit card Access to a nationwide network of ATMs.	No signup bonus. Monthly service charge.

Are money market accounts from TCF Bank federally insured?

Yes, this account is 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 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.