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Watch your savings grow.

Are you interested in saving money at a higher interest rate while still having access to your money? One of our insured money fund accounts is just what you’re looking for. Both options offer:

  • Competitive rates, tiered based on your balance
  • Dividends compounded and paid monthly
  • Federally insured by the NCUA
  • Unlimited transactions per month at a branch and a limit of six transactions per month over the phone or through online or mobile banking

Requirements to Open

Money Fund

Premier Money Fund

  • Minimum of $2,500 to open the account
  • Must maintain at least $2,500 to earn dividends  
  • Minimum of $25,000 to open the account, $5,000 of which must come from money not currently on deposit at LOC
  • Active LOC checking account with VISA check card
  • Must maintain at least $2,500 to earn dividends 

If conditions are not met, the premier money fund will revert to the regular money fund rate.

Rates

Money Fund (Variable)
Effective Date: Thursday, November 26th, 2020
Minimum Deposit AmountRate As Low AsAPYDividends Paid
$2,500-$9,999 0.05% 0.05% Monthly
$10,000-$49,999 0.05% 0.05% Monthly
Over $50,000 0.10% 0.10% Monthly

APY = Annual Percentage Yield

Dividends are calculated using the daily balance, paid and compounded monthly. $2500 minimum balance required to open and to earn dividends. Dividend rate is subject to change at any time.

Premier Money Fund (Variable)
Effective Date: Thursday, November 26th, 2020
Minimum Deposit AmountRate As Low AsAPYDividends Paid
$25,000-$49,999 0.05% 0.05% Monthly
$50,000-$74,999 0.10% 0.10% Monthly
$75,000-$99,999 0.10% 0.10% Monthly
Over $100,000 0.10% 0.10% Monthly

APY = Annual Percentage Yield

To qualify for the Premier Money Fund, the same account number must have a checking account and VISA debit card. If conditions are not met, the premier money fund will revert to the regular money fund rate. The minimum opening deposit is $25,000 and must include at least $5,000 in new money (not previously on deposit at LOC).

 

Balances below $25,000 will earn the regular Money Fund rates for the days they are below the minimum. Dividends are calculated using the daily balance, paid and compounded monthly. $2500 minimum balance required to earn dividends. Dividend rate is subject to change at any time.

 

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Not Yet A Member?

It’s easy to become a member of LOC Credit Union by using our online membership! 

Membership is open to anyone who lives, works, worships, attends school or volunteers in Livingston or SW Oakland County. 

A current or eligible member's immediate family (spouse, sibling, child, grandchild, parent, grandparent) or an individual living in the same household of a current or eligible member can also join LOC.

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Call/Text Us: 800.837.4562

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