Premium Money Market

The sky is no longer the limit.

Premium Money Market 101

With great investment comes great reward. Earn our highest dividends possible and maintain your ability to write checks as-needed.

It pays to go big.

For those ready to save ambitiously, our Premium Money Market offers endless opportunities. With your minimum deposit of $25,000 earning our highest dividend rates, your loftiest goals will begin to take shape while your money remains accessible at all times. When aggressive growth and flexibility combine, you win.

Premium Money Market Rates

Type Dividend Rate APY* Balances Dividends Compounded Dividends Credited
Type:
Premium Money Market
Dividend Rate:
0.100%
APY*:
0.10%
Balances:
$0 - $24,999
Dividends Compounded:
Monthly
Dividends Credited:
Monthly
Type:
Premium Money Market
Dividend Rate:
0.200%
APY*:
0.20%
Balances:
$25,000 - $49,999
Dividends Compounded:
Monthly
Dividends Credited:
Monthly
Type:
Premium Money Market
Dividend Rate:
0.200%
APY*:
0.20%
Balances:
$50,000 - $99,999
Dividends Compounded:
Monthly
Dividends Credited:
Monthly
Type:
Premium Money Market
Dividend Rate:
0.200%
APY*:
0.20%
Balances:
$100,000 +
Dividends Compounded:
Monthly
Dividends Credited:
Monthly

Transactions are limited to six (6) transfers or withdrawals during a monthly statement cycle to another account of the depositor at the same institution or to a third party by means of a preauthorized or automatic transfer, or telephonic (including data transmission) agreement, order or instruction, or by check, draft, debit card or similar order made by the depositor and payable to third parties.

The Money Market and Premium Money Market are tiered accounts. Dividend rates for a particular tier, as disclosed above, will apply to the entire account balance once the minimum daily balance reaches the balance range for that tier.

The fee cycle for all accounts subject to the minimum daily balance requirement begins on the first day of the month and ends on the last day of the month. The minimum balance must be maintained in the account each day during the fee cycle to avoid the fee.

Premium Money Market Benefits

Always in your pocket

On the couch or on the go, keep your money close with our Mobile App and Online Banking.

Where you go, we go

Credit Unions around the world work together to make sure our members can use branches and ATMs everywhere — surcharge-free. Nice, right? Download our CO-OP app and plot your next getaway.

Save more earn more

Money still doesn’t grow on trees, but Fortera savings accounts do collect dividends quarterly. (Dividends are our version of interest, or in other words, free money.)

Goal setting made simple

Our skilled experts are easy to reach and happy to help. For members and non-members alike, meetings and consultations are always free, so make the most of your money, on us.

Rest easy

With us, your money is always protected and insured by the National Credit Union Administration. You’re covered on all deposits up to $250,000, so save away.

Access your cash

Enjoy limitless (yep) cash withdrawals from any branch. Nothing like the smell of your own hard-saved green.

Statements that save

....Trees, space, and worry. Always enjoy access to 18 months worth of e-statements. Keep more trees, toss your file cabinet, and know your info is always safe and sound.

Get by with a little help

Or even a lot. Either way, we’re here. Call, text, or chat with our experts anytime you need a friend who knows all things Fortera.

Open and earn!

Grow your savings like a pro when you open a Premium Money Market account today.

Need a hand?

Tag us in. Whether you are on your couch or halfway around the world, use Fortera Video Chat to get quick answers from a friendly face.
Can I add additional deposits to the Premium Money Market Account?
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Yes! Deposits may be added at anytime in any amount.

Who is eligible to open a Premium Money Market Account?
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To be able to open a Premium Money Market, you must meet the following eligibility requirements: (1) You must be 18 years of age or older (2) You must live, work, worship, or attend school in Montgomery or Stewart counties in Tennessee or Christian, Trigg or Todd counties in Kentucky. You must also open a Share Savings Account to establish Fortera Credit Union Membership.

Does the Premium Money Market Account have any fees?
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Yes, Premium Money Markets do have minimum balance fee. If the account falls below the $25,000 minimum balance at any time during the month, the account holder must pay a $25 monthly fee. To avoid this, we recommend setting up Online Banking notifications so that you can regularly receive updates on your account balance.

Learn more about fees by checking out our Rate and Fee Disclosure.

How much does it cost to open a Premium Money Market Account?
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It costs $25,000 to open a Premium Money Market Account. $25,000 is the required account minimum balance.

What are dividends and how do they work for the Premium Money Market Account?
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Dividends are extra money that your account earns just by being open and meeting our minimum account dividend earning value. The Premium Money Market Account earns dividends monthly as long as your account has at least $25,000 deposited in it. It is just another way we like to say thank you to our members for trusting us with your hard-earned "dough". To learn more about what the current dividend rate is and our other savings accounts that earn dividends, please see our Rate and Fee Disclosure.

What documents do I need to open a Money Market account?
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To verify your identity, we always ask that you come prepared with a government issued ID. It is important that it is not expired. Examples of acceptable IDs include a State Driver's License or a U.S or Foreign Passport. If we have trouble validating your ID, we may ask for a secondary ID. For children, we have a variety of other documents we can use to verify identities. These include social security cards, birth certificates, medicaid cards, and insurance cards. If you have a question about whether or not an ID can be used, just text us at 931.431.6800.

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What's New

Nitty, gritty, and super important.

Fine print is your friend. When you have a minute, give these a good read:
Member Service Agreement
View PDF
Privacy Policy
View PDF
Rate and Fee Disclosure
View PDF