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Overview
Life Money Market Special: Limited Time Offer
With smart investing comes brilliant rewards. And right now, you can earn 3% with our Money Market Special. It offers our highest dividends, and you even maintain your ability to write checks as-needed. With only $25,000 required to open, it’s a genius move! Click here to open or give us a call at 615-230-5433 (LIFE) or stop by our branch.
*Annual Percentage Yield. Rate is accurate as of 06/15/2023. Promotional product – limited time offering. New money only (funds must not be on deposit at Life or Fortera Credit Union within the past 30 days). $25,000 minimum amount to open and to earn dividends (30 days to fund after opening). No monthly service fee. Membership Required.
What is a Money Market Savings account?
A Money Market Savings account lets you earn a higher interest rate as long as you maintain a higher balance. Unlike a Certificate, however, you can make regular withdrawals.
Savings with a flexible twist
If you want to open a more advanced savings account, but you’re not ready for a super long-term commitment, a Money Market Savings account may be the perfect choice. Worried about feeling tied down when you set your money aside? Worry no more. Our Money Market accounts allow easy access to your money when you want it.
- Money Market: We want more for your money too. A great fit for multi-interest members ready to grow an investment, the Money Market account gets you more for your money while allowing limitless cash withdrawals at any branch.
- Premium Money Market: The sky is no longer the limit. With great investment comes great reward. Earn our highest dividends possible and maintain your ability to write checks as-needed.
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Rates
Life Money Market Special
Effective Date Dividend Rate Annual Percentage Yield Compounding Term Minimum Opening Deposit Minimum Balance to Earn Stated APY 6/15/23 2.960% 3.00% Monthly $25,000 $25,000 *Annual Percentage Yield. Rate is accurate as of 06/15/2023. Promotional product – limited time offering. New money only (funds must not be on deposit at Life or Fortera Credit Union within the past 30 days). $25,000 minimum amount to open and to earn dividends (30 days to fund after opening). No monthly service fee. Membership Required.
Money Market and Premium Money Market
Type Dividend Rate APY* Balances Dividends Compounded Dividend Credited Money Market 0.200% 0.20% $2,500 - $9,999.99 Monthly Monthly Money Market 0.200% 0.20% $10,000 - $24,999.99 Monthly Monthly Money Market 0.399% 0.40% $25,000 - $49,999.99 Monthly Monthly Money Market 0.399% 0.40% $50,000 - $74,999.99 Monthly Monthly Money Market 0.499% 0.50% $75,000 - $99,999.99 Monthly Monthly Money Market 0.499% 0.50% $100,000+ Monthly Monthly Premium Money Market 0.200% 0.20% $0-$24,999.99 Monthly Monthly Premium Money Market 1.243% 1.25% $25,000 - $49,999.99 Monthly Monthly Premium Money Market 1.491% 1.50% $50,000 - $99,999.99 Monthly Monthly Premium Money Market 1.737% 1.75% $100,000 - $249,999.99 Monthly Monthly Premium Money Market 2.960% 3.00% $250,000 or more Monthly Monthly APY = Annual Percentage Yield. APY is accurate as of last dividend declaration date.
The Money Market Account has a $12 monthly service fee and the Premium Money Market Account has a $25 monthly service fee.
The Money Market and Premium Money Market are tiered accounts. Dividend rates for a particular tier, as disclosed above, will apply to the entire account balance once the minimum daily balance reaches the balance range for that tier.
The fee cycle for all accounts subject to the minimum daily balance requirement begins on the first day of the month and ends on the last day of the month.
The minimum balance must be maintained in the account each day during the fee cycle to avoid the fee.Fees may reduce earnings on the account. Rate may change after account opening.
