A Money Market Account requires a $500.00 minimum balance, which can be transferred from an existing LOMTO FCU account or with a new deposit.
A balance of between $500.00 and $9,999.00 will earn a rate of .947% with a .95% APY. Should you decide to keep more than $10,000 in the account the rate is 1.242% with a 1.25% APY only offered on shares in the Money Market Account.
The Money Market Share Account offers a higher rate than the regular Share and Share Draft Accounts and allows you up to six withdrawals a month. Yields are subject to change without notice.
Member Share Rates
Effective as of April 11, 2017
|Youth Shares ** ***||Balances 50.00 - 999.00||0.60%||0.60%|
|Balances > 1,000.00||0.50%||0.50%|
|Money Market*||Balances 500.00 - 9,999.99||0.947%||0.95%|
|Balances > 10,000.00||1.242%||1.25%|
|Holiday Club*||Balances > 50.00||0.50%||0.50%|
|Share 01** ***||Balances > 500.00||0.50%||0.50%|
|IRA Shares** ***||Balances > 500.00||0.748%||0.754%|
|Share Draft/Checking** ***||Balances > 1,000.00||0.25%||0.25%|