First Federal Savings of Valdosta continues to push for their attractive interest rate money market account called Restricted Money Market. This money in the bank deal is tiered and has the following current money market rates:

• $1,000 to $9,999      0.80% APY
• $10,000 to $24,999        0.90% APY
• $25,000 and above         1.10% APY

You can start enjoying these money market rates when you open an account and have an initial deposit of at least $1,000. You are also required to maintain this balance or have a higher deposit to earn these best interest rates and to avoid the $12 monthly service fee. The earnings of this money market deal is compounded and credit on a monthly basis.

The bank allows you to transfer or withdraw funds using check for at least 6 times per statement cycle. In case you exceed, you will then be charged $5 per transaction. You can access your account and even make your payment using internet banking with bill pay. Please remember that the interest rate on this money market account may change after the account is opened. Other fees may also reduce the earnings of this account.

Consumers who want to have a money market account with First Federal Savings of Valdosta and earn their best interest rates may visit one of the bank’s branch to open an account. They have 3 branches located in the cities of Valdosta and Lake Park in the state of Georgia. Do not forget to bring valid ID’s like driver’s license, social security card, or other state issued ID with your current address and phone number on it.

You may want to call the bank first to ask for account eligibility, other requirements, or current money market rates thru 229-244-0164.

First Federal Savings of Valdosta has been helping consumers and businesses in Lowndes County with their finacial needs since 1934. The bank is also a member of the FDIC and has a certificate number 29164.