Download Daily Money Market Rates
An Alabama Credit Union Daily Money Market Account is an account that allows members to earn a higher rate of return than a traditional share account. The Daily Money Market Account requires a minimum opening deposit of $2,500 and a minimum balance of $2,500 to avoid incurring a fee. The higher the balance in the account, the higher the dividends will be each month.
Dividends are calculated based on the account's average daily balance. The interest rate paid on the Daily Money Market Account may vary depending on the current market conditions. It's a great way to earn higher interest while avoiding early-withdrawal penalties.
Daily Money Market accounts are tiered rate accounts, which means that the interest rate and annual percentage yield (APY) you get on your account depends on the balance amount that you have in the account. The balance ranges, corresponding interest rates, and APYs for each tier are outlined in the Rate Schedule.
Effective Date: December 15, 2023
$2,500 - $9,999
.50 %
Interest Rate
.50 %
Annual Percentage Yield (APY)
Monthly
Interest Compounded
3 per month
Transfer Limit
Monthly
Interest Credited
$10,000 - $24,999
.55%
Interest Rate
.55%
Annual Percentage Yield (APY)
Monthly
Interest Compounded
3 per month
Transfer Limit
Monthly
Interest Credited
$25,000 - $49,999
.60%
Interest Rate
.60%
Annual Percentage Yield (APY)
Monthly
Interest Compounded
3 per month
Transfer Limit
Monthly
Interest Credited
$50,000 - $99,999
.70%
Interest Rate
.70%
Annual Percentage Yield (APY)
Monthly
Interest Compounded
3 per month
Transfer Limit
Monthly
Interest Credited
$100,000 and higher
3.00%
Interest Rate
3.03%
Annual Percentage Yield (APY)
Monthly
Interest Compounded
3 per month
Transfer Limit
Monthly
Interest Credited
*Refer to Alabama Credit Union Membership & Account Agreement and Truth In Savings Rate & Fee Schedule for product details.