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Money Market

money market account

Earn a higher rate while enjoying outstanding flexibility.

Money Market Accounts

Account Features

An ALEC Money Market account is designed to provide a better rate of return than a regular savings account, without sacrificing liquidity or security.

Rates are tiered, with higher balances earning a higher APY.*

Account Features

Features of an ALEC Money Market Account:

$2,000 Minimum Opening Balance

Free Checks

for the life of the account

Competitive Rates

Minimum withdrawal

amount is $100

Up to six withdrawals

or transfers per month, including withdrawals by checks

Unlimited monthly withdrawals

if made in person at an ALEC Service Center

Money Market Rates

$2,000 Minimum Balance

Minimum to Earn APYNominal RateAPY*
$100,000 and over1.391%1.40%
$50,000 — $99,999.991.193%1.20%
$2,000 — $49,999.991.094%1.10%
* The Annual Percentage Yield (APY) is the rate that is earned if the funds are left to compound for one year. All dividends are paid monthly based on the daily average balance. Rates subject to change monthly. The nominal rate is the rate used to calculate the monthly dividend.

Want more financial tools? Try our calculators

Your money is safe.

Rest assured, all ALEC accounts come with the security and peace of mind of insurance. Each account is insured up to $250,000 by American Share Insurance (ASI), the nation's largest private deposit insurer. No credit union member has ever lost a penny in an ASI-insured account.