Last Updated: 04/18/2025
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Highlights
APY (Annual Percentage Yield)
0.01%(Verified 06/21/2024)
Disclaimer popup with additional information
Minimum Balance to Earn APY
$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 money market are available in 50 states and Washington, DC.
Key Takeaways
- Low annual percentage yield (APY). The maximum annual percentage yield for this account is only 0.01.
- Charges a monthly fee. This account charges a monthly fee of up to $10, but the fee may be 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 |
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TCF Power Money Market FAQ
Are money market accounts from TCF Bank federally insured?
Yes, your deposits are insured 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?
| 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.| Description | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Monthly Service Fee | $0 - $10 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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 account 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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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