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Dear Valued Member,
Here's some news we hope will brighten your day: LFCU increased Money Market rates to some of the highest levels in the country. As you can see from the chart below, LFCU's rates are head and shoulders above the competition:
|
Balance Level / APY |
$2,500 |
$10,000 |
$25,000 |
$50,000 |
$100,000 |
|
LFCU |
2.05% |
3.00% |
3.30% |
4.75% |
5.05% |
|
Washington Mutual |
0.10% |
0.85% |
3.23% |
4.48% |
4.48% |
|
Wachovia |
0.04% |
1.05% |
1.76% |
1.87% |
2.38% |
|
Wells Fargo* |
0.20% |
0.25% |
2.65% |
3.15% |
3.41% |
|
CitiBank* |
2.25% |
2.27% |
4.25% |
4.75% |
4.75% |
|
Bank of America |
0.35% |
2.00% |
2.65% |
3.30% |
3.70% | *Citibank and Wells Fargo require customers to have an active checking account to earn rates shown above.
More peace of mind. Your money is federally insured and protected by the full strength and safety of your Credit Union. LFCU is among a small group of financial institutions to routinely receive a five-star rating for financial strength from an independent rating firm.
Easy options to move your money. You can move money from accounts you have elsewhere with the click of a mouse. Simply log in to Online Banking and select the "Money Mover" option.
High Balances in Shares? If you have higher balances in a Share Savings account, we encourage you to move your money to our insured Money Market option so that you'll earn the highest rate possible. Simply visit a branch or give us a call to move your money. It's easy and absolutely free.
If you have any questions, please contact us by chat, secure email or a call to (800) 328-LFCU. Thank you for your membership.
Sincerely,
Lockheed Federal Credit Union
Competitor rates current as of 11/13/07, LFCU rates current as of 11/16/07 and are subject to change. Rate comparison source: Informa Research Services, Inc. All rates stated as Annual Percentage Yields (APY). LFCU's Money Market Account requires a balance of $2,500 to open the account and avoid a $15 low balance fee. Fees may reduce earnings. LFCU received a 5-Star rating from Bauer Financial, an independent rating firm.
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