Alabama Credit Union Money Market Accounts and Savings Accounts

Alabama Credit union is offering several different money market accounts and savings accounts. All accounts are insured for up to $250,000 by the National Credit Union Administration, and additionally insured to $250,000 by American Share Insurance. IRAs are separately insured up to $500,000 per member.

The credit union's highest money market account dividend rate is on their Daily Money Market Account. The account has tiered  dividend rates with the highest rate being on account balances $100,000 and up, the current interest rate is 1.50 percent with an APY of 1.51 percent.




Here is a list of all of their money market accounts/savings accounts and dividend rates (minimum deposit to earn rate and APY is $25.00:

  • Share Savings Account 0.65% rate 0.66% APY

  • Special Savings Account 0.65% rate 0.66% APY

  • Organizational Savings Account 0.65% rate 0.66% APY

  • Student Organizational Savings Account 0.65% rate 0.66% APY

  • Holiday Club Account 0.65% rate 0.66% APY

  • Vacation Club Account 0.65% rate 0.66% APY

  • IRA Savings Account 0.65% rate 0.66% APY


Here is a list of all of their Daily Money Market accounts/savings accounts and dividend rates (different minimum deposits to earn rate and APY):

  • Daily Money Market Account $2,500 to $9,999 earn a 1.00% rate and 1.01% APY

  • Daily Money Market Account $10,000 to $24,999 earn a 1.00% rate and 1.01% APY

  • Daily Money Market Account $25,000 to $49,999 earn a 1.25% rate and 1.26% APY

  • Daily Money Market Account $50,000 to $99,999 earn a 1.25% rate and 1.26% APY

  • Daily Money Market Account $100,000 and up earn a 1.50% rate and 1.51% APY


Visit Alabamcu.com for more information and current savings rates.
 
Author: Robert Till
March 9th, 2010