Last Updated: 04/18/2025
Tremont Credit Union Money Management Account
Unaffiliated
Last Updated: 04/18/2025
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Highlights
APY (Annual Percentage Yield)
1.75% - 4.00%(Verified 06/21/2024)
Minimum Balance to Earn APY
$2,500
Minimum Opening Deposit
$2,500
Tremont Credit Union Money Management Account Review
Tremont Credit Union Money Management Account is offered by Tremont Credit Union, a credit union founded in 1952 and based in Milton, MA. Tremont Credit Union Money Management Account 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 4.00%, which is much higher than the national average for a money market account. However, you must keep a minimum balance of $2500.00.
- No monthly maintenance fees. This account does not charge any monthly account fees.
- High minumum opening deposit. You must deposit a minimum of $2,500.00, which is high compared to most money market accounts.
Pros & Cons of Tremont Credit Union Money Management Account
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Tremont Credit Union Money Management Account FAQ
Are money market accounts from Tremont 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 Tremont Credit Union Money Management Account rates?
Tremont Credit Union Money Management Account offers an APY starting at 1.75% and ranging up to 4.00% (APY stands for annual percentage yield, rates may change). This is higher than the typical APY for online-only checking accounts, which is around 1% APY. However, to earn interest you must keep a minimum balance of $2500.00.
| Rates | Amount |
| APY (Annualized Percentage Yield) | 1.75% - 4.00% |
What are the fees for Tremont Credit Union Money Management Account?
Tremont Credit Union Money Management Account does not charge a monthly maintenance fee.
| Description | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Monthly Service Fee | $0.00 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Paper Statement Fee | Starting at $5.00 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| NSF Fee | $32.00 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
What is the minimum balance for Tremont Credit Union Money Management Account?
Minimum deposit of $2,500.00. You must make an initial deposit of at least $2,500.00 to open this account.
Interest rate minimum balance of $2,500.00. You must keep the account balance above $2,500.00 to earn interest.
What features and perks does Tremont Credit Union Money Management Account offer?
This account includes the following features:
- Mobile Banking Services - Tremont Credit Union Money Management Account allows you to manage your money through online banking and a dedicated mobile app.
What is the customer service phone number?
The customer service number for this account is (781) 843-5626.
What is the support contact email?
The support contact email for this business credit card is info@tremontcu.org.
How to open an account with Tremont Credit Union
- Visit the Tremont 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
9:00AM - 5:00PM
Tuesday
9:00AM - 5:00PM
Wednesday
9:00AM - 5:00PM
Thursday
9:00AM - 5:00PM
Friday
9:00AM - 5:00PM
Saturday
Closed