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
Rates
| Money Fund (Variable) | |||
| Effective Date: Thursday, September 24th, 2020 | |||
| Minimum Deposit Amount | Rate As Low As | APY | Dividends 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, September 24th, 2020 | |||
| Minimum Deposit Amount | Rate As Low As | APY | Dividends 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).
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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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