Transit Employees Federal Credit Union is pushing for their best interest rate money market account. Here are the credit union’s current money market rates:

• $0 to $2,499.99                0.75% APY
• $2,500 to $9,999.99         0.85% APY
• $10,000 to $24,999.99     1.00% APY
• $25,000 to $74,999.99     1.26% APY
• $75,000 and above           1.51% APY

The credit union will require you to deposit a minimum of $2,500 to open an account. You are also allowed to make up to 3 withdrawals per quarter. The succeding withrawals will be charged $5 per transaction. It is also stated on the website that the minimum balance can earn dividends of $0.01. Take note that once you have open your account the interest rates may change so make sure to always check on those numbers.

Individuals who want to become a member of Transit Employees Federal Credit Union may complete the application online and deposit a minimum of $25 on your account plus pay a one time membership fee of $3. You may also check the list of field of membership and employee groups on the credit union’s website. Relatives of existing members are also elligible to become a member. If you are still not sure if you are qualified to join you may call customer service thru 202-832-5100 or 800-228-8772.

Transit Employees Federal Credit Union has branches located in Bladensburg and H Street in Washington, D.C.

They have started providing services in 1940 and they were named as Transit Workers Division 689 Federal Credit Union. In March 31, 1941 their name was changed to Transit Employees Federal Credit Union. Now, they alrady have over $74 million in declared assets. The credit union is also insured by National Credit Union Association with charter number 3764.