1.10% APY best money market rates with Lincoln Maine Federal Credit union
Lincoln Maine Federal Credit Union invites its members to grab the money in the bank opportunity thru their best money market offering that has a current interest rate of 1.10% APY. This money market account requires an opening deposit of $500 but requires a balance $2,500 so you can enjoy the highest interest rates.
The earnings of this money market account are compounded and credited to your account on a monthly basis. It looks like you need to maintain the $2,500 so you can enjoy the best interest rates. Account holders are only allowed up to three check withdrawals per month with a minimum of $500 per withdrawal.
It looks like you have to go to their office to sign up for membership and open an account. Lincoln Maine Federal Credit Union has offices in Lincoln and Lee in Maine. The website offers limited information with regard to their scope of membership but we are assuming that this is a community credit union. Do call them thru 207-794-8623 so you can speak with their staff if you are eligible to join the credit union.
The credit union was formed in 1966 and is insured by the NCUA.
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