Wepco Federal Credit Union in Maryland is offering a very competitive 2.53% APY on their money market account with balances above $2,500. This is an impressive offer considering that the national average is sitting roughly at 1.11% APY.
A few basics of the account include:
- 3 withdrawals or transfers per month (must be made in increments of $500 or more)
- Dividends are compounded and paid monthly
- $2,500 deposit required to open the account
- If you are unable to make your minimum balance, you won’t accumulate any interest.
Membership to Wepco Federal Credit Union is required to open a money market account. Membership is available to current or retired employees of Westvaco Corporation in Luke, Maryland. Also, any relative of a member of the credit union (spouse, child, parent, brother, sister, in-law or persons related by blood, marriage or adoption – or anyone living in the same household) qualifies for membership.
If you live, work, attend school, belong to an organization, or own a business in Allegany, Garrett, Mineral, Tucker or Preston counties you may also join Wepco FCU.
***For more money market account rates, please visit with Go Banking Rates daily.***
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