More Interest. Better Access.
Money Market Accounts require a higher savings balance but offer better rates of return. Plus, you can access your money whenever you want, without an early withdrawal penalty.
- Unlimited transactions by ATM, in person or by mail
- No monthly service fee, when a minimum balance is met
- No per check fees
We offer two types of Money Market Accounts, and either can be used as a source of overdraft protection for your Texans Checking accounts*.
Texans Money Market
The Texans Money Market Account requires a minimum deposit of $2,500 in order to open the account and earn dividendsTexans Performance Money Market
If you maintain a consistently higher balance, this account allows you to earn a higher rate. The Performance Money Market Account requires a minimum deposit of $10,000 in order to open the account.| Account Balance | Dividend Rate | APY¹ |
|---|---|---|
| $0 to $2,500 | 0.05% | 0.0%% APY¹ |
| $2,501 or more | 0.05% | 0.05%% APY¹ |
| Account Balance | Dividend Rate | APY¹ |
|---|---|---|
| $0 to $9,999.99 | 0.05% | 0.05% |
| $10,000 to $24,999.99 | 0.05% | 0.05% |
| $25,000 to $49,999.99 | 0.05% | 0.05% |
| $50,000 to $99,999.99 | 0.05% | 0.05% |
| $100,000 to $249,999.99 | 0.05% | 0.05% |
| $250,000 or more | 0.05% | 0.05% |
* Each time Overdraft Protection is used, a fee of $5.00 per transaction will be assessed.
^ APY- Annual Percentage Yield. Dividends on all Money Market Accounts will be compounded monthly and credited each calendar month. Dividends are computed using the “daily balance” method and begin to accrue on the business day cash and non-cash items, such as paper checks, are deposited to your Account. Minimum balance requirements to earn dividends for Savings Accounts and Money Market Accounts are set forth in the Membership Account Agreement & Disclosures. This is a variable rate account. The rate may change after the account is opened. Fees or other conditions could reduce the earnings on the Account. APY is accurate as of the last dividend declaration date. Maintenance or activity fees could reduce the earnings on the account.
2. Minimum daily account balance of $25 required to earn dividends.
