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PREFERRED MONEY MARKET ACCOUNT

SAVE MORE, EARN MORE

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  •  

    HIGHER YIELDS WITH NO LONG-TERM COMMITMENT!

    Achieve your financial goals with flexible access to your funds, and higher yields than a checking or savings account. Our Preferred Money Market Account* features:

    • Higher yields
    • Unlimited withdrawals
    • Easy access to funds with a debit card and checks
    • Flexibility to transfer funds between multiple LAPFCU accounts
    • Federal insurance protection

    Make your money work harder for you!

    Open a Preferred Money Market Account Now

     

    Earn up to
    3.25% APY!*

     

    Preferred Money Market Account Guidelines

    • $10,000 minimum opening deposit
    • New deposits only; cannot transfer funds from an existing LAPFCU account

     

    You might benefit from a Preferred Money Market Account if you want to:

    • Maximize earnings, minimize risk, and keep funds accessible.
    • Earn more dividends than you would with a traditional savings account without tying up your money for a long period.
    • Save for a specific purchase, such as a vacation, the down payment for a car, or an emergency fund.

     

  • Rates

    PREFFERED MONEY MARKET ACCOUNT

    Deposit Balance RangeAPY*
    $10,000 - $24,9992.95%
    $25,000 - $49,9993.05%
    $50,000 - $99,9993.15%
    $100,000+3.25%

    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 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.

  • FAQS

    Q: What is the minimum opening deposit?

    A: $10,000 minimum. You cannot transfer funds from an existing LAPFCU account.

    Q: What is the daily balance?

    A: Daily balance must be kept above $10,000 or the tier-minimum balance. Lower balances will earn the standard money market account yields.

    Q: Do APYs in each tier change?

    A: Yes, APYs vary per tier and are subject to change without notice at any time.

    Q: How many times can you withdraw funds?

    A: The account offers unlimited withdrawals.

    Q: Can you transfer money between accounts?

    A: Yes, you may transfer funds between multiple LAPFCU accounts.

    HIGHER yields WITH NO LONG-TERM COMMITMENT!

    Open Account

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. 1022-35