Alabama Central Credit Union Money Market Rates

Posted in Credit Union Money Market Account by Bankaholic
November 13, 2008 11:44 AM - 1 Comments

Alabama Central Credit Union serves the residents of Alabama. It has established various offices in different counties of Alabama. Recently it opened its tenth branch in Demopolis. Its other branches have been established in Birmingham, Decatur, Florence, Homewood, Mobile, Muscle Shoals, Russellville & Tuscaloosa. It is providing exceptional services to its members since its foundation in 1938. Its main focus lies on serving the needs of its members in the best possible manner. It is constantly working towards its expansion by establishing new branch locations, having more ATMs and adopting the cutting edge technologies for the convenience of its members. Its deposit accounts like Money Market offer good interest rate.

With its Money Manager account you can earn high rate of interest.
- By maintaining a daily balance of $2,500 – $9,999.99 you earn 1.292% interest, 1.300% APY.
- By maintaining a daily balance of $10,000 – $49,999.99 you earn 1.539% interest, 1.550% APY.
- By maintaining a daily balance of $50,000 + $99,999.99 you earn 1.785% interest, 1.800% APY.
- By maintaining a daily balance of $100,000 + you earn 2.031% interest, 2.050% APY.

*All the above rates are effective as of September 29, 2008 and are subject to change without notice.

You can also apply for opening an account by visiting one of its local branches. If you work or live in one of the counties of Alabama then you are eligible to become its member. It is serving over 800 companies, 30,000 individuals within Alabama and throughout the Southeast.

Your funds remain federally insured by NCUA. On October 3, 2008, “Emergency Economic Stabilization Act of 2008″ has been passed increasing the share insurance protection to $250,000 until December 31, 2009.

It also provides paperless statements to its members. All you have to do is visit their site and follow some simple steps to get your electronic bank statement ready.

For membership inquiries you may call at 205-591-2228 or 1-800-223-2415. Incase of any other queries you may send an email at mbrsvcs AT alabamacentral.org or call at (205) 591-SAVE or (800) 722-5524.