Money Market Account Rates Deal of the Day: Los Angeles Federal Credit Union at 1.30% APY

Posted in Banking , Local Banks , Money Market , Rates

Los Angeles Federal Credit Union

Are you a Los Angeles native looking for a higher rate of return on your deposit amounts? Then Los Angeles Federal Credit Union’s money market account rates are the answer to your financial prayer. The money market account rates you can earn are based on the amount of money place on deposit.

The earning potential is:

  • Money market account balances ranging between $2,500 and $9,999 .80% APY
  • Money market account balances ranging between $10,000 to $24,999 .90% APY
  • Money market account balances ranging between $25,000 to $49,999 1.11% APY
  • Money market account balances starting at $50,000 and more 1.30% APY

The higher-than-average rate of return can only be earned on the e-Money Market (ShareDraft) account. Certain tasks must be conducted to ensure that this account qualifies for the highest money market rate earning potential including:

  • Minimum investment of $2,500 is required to both open and earn applicable money market rate
  • Customers must also maintain a Los Angeles Federal Credit Union checking account and make five withdrawal transactions per month
  • Depositors have to opt into e-statements
  • Withdrawals capped at six transactions per month or additional fees will apply
  • Membership to the Los Angeles Federal Credit Union is required
  • NCUA insured

Applications for the Los Angeles Federal Credit Union E-Money Market Account can be completed online. The credit union has locations in Culver City, El Monte, Gardena, Glendale, Los Angeles and Van Nuys.

>> Money Market Account

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Other Terms and Conditions may apply. Additionally, rates may have changed since this offer was posted. Please contact the financial institution for the most recent rate updates and to review the terms of the offer.

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