TCB also offers another money market account for very large deposits called the Investor's Money Fund which has a rate based on the 6-month Treasury Bill plus 50 basis points and is updated weekly. Currently, the APY is 5.75%. It has the same features as the Market Watch Money Fund. The minimum to open is $250K.
TCB's checking account also looks like a good deal. TCB Checking is free to customers with a minimum $10K relationship. Rates are indexed to the 90 day T-Bil rate. It offers free TCB checks and $5 monthly refund of ATM fees.
In addition to high yield money market accounts, the bank has some decent rates on CDs. The current yields range from 5.10% APY for a 3-month CD to 5.60% APY for a 12-month APY. All have a minimum $5K deposit requirement.
Account applications can be done online. The bank requires you to mail them two forms of identification along with the initial deposit. To ACH or wire the deposit, you must call for instructions.
In addition to personal accounts, TCB has many accounts designed for businesses.
TCB is FDIC insured. It's a small bank with only one branch and 50 employees. Total assets is $438 million. Bankrate.com's safe and sound rating is 3 out of 5 stars (performing).