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Overview
Better rates, more flexibility
A Money Market account lets you earn more interest than a regular 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
- Write up to six checks per month*
- Enjoy unlimited ATM withdrawals
- Set up direct deposit for effortless saving
- Earn even better interest on higher balances
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Rates
Money Market Rates – Regular and IRA
Balance* Regular Money Market
Dividend Rate / APY*IRA Money Market
Dividend Rate / APY*< $2,500 0.15% / 0.15% 0.15% / 0.15% $2,500-$9,999 0.15% / 0.15% 0.15% / 0.15% $10,000-$24,999 0.25% / 0.25% 0.25% / 0.25% $25,000-$49,999 0.30% / 0.30% 0.30% / 0.30% $50,000-$99,999 0.40% / 0.40% 0.40% / 0.40% $100,000+ 0.45% / 0.45% 0.45% / 0.45% EFFECTIVE RATE DATE: February 4, 2021
*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.
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FAQs
FAQS
How much do I need to open this account?
The minimum opening deposit is $2500.
What are the earning tiers for this account?
The earning tiers are as follows:
$2,500 – $9,999
$10,000 – $24,999
$25,000 – $49,999
$50,000 – $99,999
$100,000 and above
Open your account today
Open your Money Market within PATROL online banking, or give us a call at (877) 695-2732.
Open NowQuestions? Call us 877-695-2732
Disclosures
*In compliance with Federal Regulations, you may make up to 6 pre-authorized, automatic or telephone transfers from a Money Market and/or Share Savings account per calendar month. Teller, ATM and mail transactions are unlimited. All Regulation D restrictions apply.