One of the many products and services First Trust Credit Union has to offer are Money Market Plu$ accounts. Money Market accounts earn a highly competitive dividend based on your daily balance. Earned dividends are paid at the end of each month.
As with all other First Trust accounts, Money Market Plu$ deposits are federally insured by the National Credit Union Administration (NCUA) for up to $250,000. In addition to NCUA coverage, First Trust also offers Excess Share Insurance (ESI) up to $250,000 at no additional cost.
Did we mention there is no monthly service charge for Money Market Plu$ accounts? Let’s take a look at the requirements that are mandatory to open a Money Market Plu$ account and keep it in good standing:
- Account must have a minimum balance of $2,500 at all times in order to earn dividends.
- Additional deposits can be made at any time in person at one of our full-service branches or via transfer.
- A maximum of 6 withdrawals can be made per month.
- Every withdrawal must be a minimum of $100 to avoid a charge.
Here’s the breakdown of how it actually works:
The account pays dividend rates based on a tiered structure where dividends are paid from dollar one. Interest compounds and is paid monthly. The dividend rate and annual percentage yield are subject to change upon approval by First Trust’s Board of Directors. [insert example chart here]
Opening and overseeing your Money Market Plu$ account at First Trust Credit Union is easy and convenient. Staying connected with your savings is as easy as checking your balances, transaction history, and making transfers over the phone, online, or on the mobile app.
With a Money Market Plu$ account, the more money you save, the more money you earn! Isn’t it time to set up an account to start conveniently earning dividends based on how YOU save?! Call 800-276-6161, or visit First Trust Credit Union today in Michigan City, La Porte, Valparaiso, and Wheatfield.