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  Members First Credit Union Texas Money Market
Members First Credit Union Texas Money Market Unaffiliated

Members First Credit Union Texas Money Market

Unaffiliated
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Highlights
Monthly Fee N/A
APY (Annual Percentage Yield) 0.25%
Minimum Balance to Earn APY $3,000

Members First Credit Union Texas Money Market Review

Members First Credit Union Texas Money Market is offered by Members First Credit Union - Texas, founded in 1938 and based in Corpus Christi, TX. Members First Credit Union Texas Money Market is available in 1 state across the USA.

Key Takeaways
  • Higher than average APY. Members First Credit Union Texas Money Market has an annual percentage yield of up to 0.25%, which is higher than the national average interest rate on savings accounts. Note that you must keep a minimum balance of $3000.
  • Large minimum initial deposit. You need a minimum deposit of $3,000 to open an account. This is a relatively large minimum initial deposit when compared to the other accounts that we track.
Members First Credit Union Texas Money Market Pros & Cons
Pros Cons
  • Interest-yielding account.
  • No signup bonus.
  • Does not offer mobile check deposits.
  • Does not provide access to a nationwide ATM network.
  • Does not come with a debit card
  • Not FDIC-insured.
  • Only available in one state.
  • Higher than average wire transfer fees.
Members First Credit Union Texas Money Market FAQ

Are savings accounts from Members First Credit Union - Texas federally insured?

No, your Members First Credit Union - Texas savings accounts are not insured by a federal insurance agency. This means that if Members First Credit Union - Texas were to fall into financial difficulties, your deposits are not covered by a government backed insurance fund like the FDIC or NCUSIF.

Does Members First Credit Union - Texas offer a signup bonus?

Members First Credit Union Texas Money Market doesn't offer a signup bonus.

What is the minimum initial deposit for Members First Credit Union Texas Money Market?

The minimum deposit to open a Members First Credit Union Texas Money Market is $3,000.
Members First Credit Union Texas Money Market Minimums
Description
Minimum Balance to Earn APY $3,000
Minimum Opening Deposit Starting at $3,000

What APY does Members First Credit Union - Texas offer?

Members First Credit Union Texas Money Market offers an APY of 0.25% (APY stands for annual percentage yield, rates may change).

The interest rate on a savings account or checking account can change based, in part, on what the Federal Reserve does. Note that the APY of a savings account is the amount of interest you will earn if you keep your money in the account for a full year expressed as a percentage. The difference between an APY and an interest rate is that the APY takes into account how often your money earns interest (or compounds). The more often your money compounds, the more it will earn. Savings accounts with an interest rate that compounds daily, for example, will earn a higher return (and therefore a higher APY) than savings accounts that compound annually.

What fees does Members First Credit Union Texas Money Market charge?

Members First Credit Union Texas Money Market does not charge a monthly service fee. See the fee breakdown section below to view all fees.

  • Outgoing domestic bank transfers come with a $15 fee.
  • Outgoing international bank transfers come with a $35 fee. You can save a ton of money in fees if you use use a nonbank money transfer service.
  • Members First Credit Union Texas Money Market charges a $15 fee for an early account closure. Contact Members First Credit Union Texas Money Market for more details on what is considered an early closure.
  • Members First Credit Union Texas Money Market charges $2 every time you request a paper statement.

What features and perks does Members First Credit Union Texas Money Market offer?

This savings account includes the following features:

Can you set up a direct deposit to Members First Credit Union Texas Money Market?

In most cases, the answer is yes. However, it depends on the direct deposit program your employer uses. Most direct deposit programs allow you to send your paycheck to a savings or checking account. In some cases, you can even split your paycheck between the two.

What is the customer support email for Members First Credit Union Texas Money Market?

The customer support email for Members First Credit Union Texas Money Market is info@m1st.org.

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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.

Availability

  Available in 1 state
Texas
Availabile in all of Texas

Feature Breakdown

Minimum Balance to Earn APY $3,000
Minimum Opening Deposit Starting at $3,000
Early Account Closure $15
International ATM Surcharge $1
Paper Statement Fee $2
Wire Transfer Fee - Domestic (Outgoing) $15
Wire Transfer Fee - International (Outgoing) $35
Immigration Status Considered
  • U.S. Citizen
  • U.S. Permanent Resident
Verification Documents Required
  • Driver License (or other photo ID)
  • Proof of Identity
  • Government Issued Photo ID
  • Social Security Number
Account Features
  • Mobile Check Deposit
  • Interest Bearing Account
  • Mobile Banking
  • Fraud Monitoring
  • Fraud Protection
  • Insured by NCUA
  • Branch Access
APY (Annual Percentage Yield) 0.25%

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Members First Credit Union - Texas Savings Accounts

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