Our Money Market Share Account provides a safe and flexible place for your money to earn great rates.
A Money Market Share Account can provide a higher rate of return than a traditional savings account thanks to competitive rates and dividends that compound daily. When that happens every day, it adds up quickly. Plus you can feel good knowing your funds are NCUA insured and can be accessed using any CashPoints® ATM. You can also use this account as overdraft protection for your LGFCU checking account.
It's easy to open a Money Market Share Account with a low minimum deposit of $250. When opening your account, you have the option to receive an LGFCU Visa® Check Card or ATM/Member Access Card. You can make up to six deposits or withdrawals per month. There is a $2 service fee if your balance drops below $250. The dividend rate is set by the Board of Directors and is subject to change daily.
Dividend: Money you earn on your account at a rate determined by our Board of Directors, referred to at some financial institutions as interest.
Compounded Dividend: When your dividend is added to your balance so that the dividends themselves earn dividends.