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Primary
Share Accounts
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Features:
- Dividends
earned on balances of $100 or more, compounded and paid monthly
- Can
be used as collateral for low-interest loans
- Offers
limited overdraft protection for your MATCU checking account
Requirements:
- Membership
eligibility and application
- Minimum
deposit of $25 required to open and maintain membership
Accessibility:
- Deposits
via payroll deduction / direct deposit from your employer, Social
Security or retirement plan
- Automatic
transfers to checking for limited overdraft protection
- Withdrawals
by telephone via FAST LINE 24 and at MATCU branches
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Money
Market Accounts
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Features:
Requirements:
- Membership
in MATCU
- Minimum
balance of $25 in Primary Savings
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Christmas
Club Accounts |
- Easy
to open with no minimum balance required
- Dividends
earned to increase savings
- Savings
are built throughout the year for holiday expenses
- Convenient
automatic transfers or checks mailed for entire sum
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Share
Certificate Accounts (CD's) |
- Affordable
$1,000 minimum investment
- Certificates
earn higher dividends than
share savings
- Feel
secure with a guaranteed rate of return for the term
- For
convenience, choose to have your dividends automatically credited
to your certificate's principal, transferred to another MATCU
account or mailed to you by check
- Share
certificates are automatically renewed for your convenience at
the end of the term for a like term at the current rate
- Can be
used as collateral for low-interest
loans for the length of the certificate
- Note:
Share Certificates closed before maturity are subject to early
withdrawal penalties
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IRA
and IRA Share Certificate Accounts
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- Low $1,000
minimum balance required for IRA Share Certificates
- Roth,
traditional IRAs
and Coverdell Education Savings Account Share Accounts
available
- Save on
taxes with possible tax-deductible contributions
- Build savings
for a comfortable future or important event
- No maintenance
fees charged
- Deposits
are insured to $100,000
- Certificates
earn higher dividends than
share savings
- Note:
There are specific guidelines for contributions and distributions
of IRA funds. Please
contact
our IRA department for more information at
(901) 385-5200 or
(800) 532-9025
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