If you are a firm believer in saving for your financial future, then you are in luck! Altra Federal Credit Union is now offering residents nationwide a 1.99% APY for their Indexed Money Market Account. To get started with this rate, all you have to do is fund the account with $250,000. Once you have done so, you will receive the rate as well as a wide range of account features to compliment your banking experience. Additionally, you can also bank with ease knowing the bank is NCUA insured. How great is that! Are you currently interested? Please do not hesitate! I recommend you apply as soon as you can as the rate’s subjected to change.
Eligibility: To be eligible for this promotion, you must live, work, worship, or attend school in Lacrosse, Michigan; Winona Minnesota; Rochester, Minnesota; Clarksville & Montgomery County, Tennessee; or Tyler & Smith County, Texas. You may also qualify if you are a family member of a current member or in one of the select employee groups. If you do not qualify for any of these, you can also join the Altra Foundation to become eligible. For complete details, be sure to check out Altra Federal Credit Union Eligibility.
Altra Federal Credit Union Account Summary:
- Apply Now
- Account Type: Indexed Money Market Account
- Rate: 1.99% APY
- Availability: Nationwide (Branch Locator)
- Expiration Date: None
- Soft/Hard Pull: Soft Pull or Hard Pull? Let us know
- Direct Deposit Requirement: None
- Additional Requirements: See Below
- Avoid Monthly Fee: None listed
- Early Termination Fee: None
Altra Federal Credit Union Account Requirements:
- Open a new Indexed Money Market Account from Altra Federal Credit Union
- Minimum balance of $250,000 is required. Only new funds qualify for the APY rate.
- 1.99% rate applicable to account balances of $250,000 or higher.
Balance Requirements | APY Rate |
$0-$249,999 | 0.10% |
$250,000-$749,999 | 1.99% |
$750,000-$999,999 | 2.14% |
$1,000,000+ | 2.39% |
Altra Federal Credit Union Fine Print:
- All Money Market, High Rate Savings, and Platinum Checking Accounts earn 0.10% dividend rate with 0.10% APY if balance falls below required minimum.
- The Dividend Rate and Annual Percentage Yield are the prospective rates and yields Altra anticipates paying for the applicable dividend period.
- Penalty for early withdrawals will equal 90 days dividends for terms 12-months and lower, and 180 days dividends for terms over 12-months.
- Savings federally insured by NCUA to $250,000 with IRA Savings insured separately for an additional $250,000.
Conclusion:
It is often difficult to select which account fits your needs the best. With a sea of bank rates, finding one that’s perfect for you isn’t as easy as it seems. However, with Altra Federal Credit Union, you can do just that! With a new account, you can earn a generous rate just for meeting its deposit requirement. Additionally, with access to a range of account features, banking has never been easier. However, if you’re not interested in this offer check out our Best Bank Rates for savings accounts and more!