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Money Market Accounts

Maximize your money

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    Earn up to 3.75% APY!*

    Achieve your financial goals with flexible access to your funds, and a greater return than a checking or savings account with our Money Market accounts.

    Our PREFERRED MONEY MARKET ACCOUNT* features:

    • Higher dividend rates
    • Unlimited withdrawals
    • Easy access to funds with a debit card and checks
    • Flexibility to transfer funds between multiple LAPFCU accounts
    • Federal insurance protection
    • $10,000 minimum opening deposit
    • Available for new deposits only; cannot transfer funds from an existing LAPFCU account

     

    Make Your Savings Work for You!

    Our regular Money Market account lets you earn more interest than a savings account, but still gives you plenty of freedom for withdrawals. It’s perfect for short-term savings goals, such as a down payment on a house or car.
    • Open with as little as $2,500**
    • Enjoy unlimited ATM withdrawals
    • Set up direct deposit for effortless saving
    • Regular and IRA accounts available

     

  • Rates

    PREFFERED MONEY MARKET ACCOUNT

    Deposit Balance RangeAPY*
    $10,000 - $24,9993.45%
    $25,000 - $49,9993.55%
    $50,000 - $99,9993.65%
    $100,000+3.75%

    EFFECTIVE RATE DATE: November 16, 2023

    *APY = Annual Percentage Yield. The minimum amount required to open a Preferred Money Market Account is $10,000 and must consist of funds not currently held at LAPFCU. The minimum daily balance requirement to maintain and receive the higher dividend rate and corresponding APY offered by the Preferred Money Market Account is $10,000. If the daily balance falls below $10,000, the regular Money Market Account dividend rate and corresponding APY will be applied. Dividends on Preferred Money Market Accounts are calculated daily based on the daily ending balance. LAPFCU may change the dividend rate/APY at any time.


    Money Market Rates – Regular and IRA

    Balance*Regular Money Market APY*IRA Money Market APY*
    < $2,5000.05%0.05%
    $2,500-$9,999 0.50% 0.50%
    $10,000-$24,999 0.60%0.60%
    $25,000-$49,999 0.65%0.65%
    $50,000-$99,999 0.70% 0.70%
    $100,000+ 0.90%0.90%

    EFFECTIVE RATE DATE: February 9, 2023

    *APY = Annual Percentage Yield. No minimum balance required, however you must deposit a minimum of $2,500 to open the account. Dividends on Money Market Accounts are calculated daily based on the daily ending balance. LAPFCU may change the dividend rate at any time.

  • FAQS

    Q: How much do I need to open a Money Market account?

    A: The minimum opening deposit for an LAPFCU money market account is $2,500.

    For a Preferred Money Market account, the minimum opening deposit is $10,000.

    Q: What are the earning tiers for Money Market accounts?

    A: The earning tiers for a REGULAR OR IRA MONEY MARKET account are:

    $2,500 – $9,999
    $10,000 – $24,999
    $25,000 – $49,999
    $50,000 – $99,999
    $100,000 and above

    The earning tiers for a PREFERRED MONEY MARKET (new money only) account are:

    $10,000 – $24,999
    $25,000 – $49,999
    $50,000 – $99,999
    $100,000 and above

    Q: Are there specific guidelines for a Preferred Money Market Account?

    A: Preferred Money Market account guidelines are as follows:

    • $10,000 minimum opening deposit
    • New deposits only; cannot transfer funds from an existing LAPFCU account
    • Daily balance must be kept above $10,000 or the tier-minimum balance; lower balances will earn the standard money market account dividend rate
    • APYs in each tier are variable and subject to change without notice at any time

    Help

    For more information, or if you have questions, please get in touch with us

    Contact Us

Start saving today!

Open a Money Market in online or mobile banking, or call us at (877) 695-2732.

Open Now

Questions? Call us 877-695-2732

Disclosures

EFFECTIVE RATE DATE: September 5, 2023

*APY = Annual Percentage Yield. The minimum amount required to open a Preferred Money Market Account is $10,000 and must consist of funds not currently held at LAPFCU. The minimum daily balance requirement to maintain and receive the higher dividend rate and corresponding APY offered by the Preferred Money Market Account is $10,000. If the daily balance falls below $10,000, the regular Money Market Account dividend rate will be applied. Dividends on Preferred Money Market Accounts are calculated daily based on the daily ending balance. LAPFCU may change the dividend rate at any time.

**APY = Annual Percentage Yield. No minimum balance required. However, you must deposit a minimum of $2,500 to open the account. Dividends on Money Market Accounts are calculated daily based on the daily ending balance. LAPFCU may change the dividend rate at any time. 1122-27