F & A Federal Credit Union invites its members to take advantage of their best money market account. This money market deal has an interest rate of 1.30% APY for balances starting at $2,500 and above. The credit union allows you to withdraw and deposit without penalties. The interest rate of this best money market account is paid every month.

You need to make an opening deposit of $2,500 to start enjoying this best money market rate. All you need to do is to log in the the credit union’s website and open your new money market account. Please remember that the current interest rate for this best money market account may change from the time that the account has been opened.

Consumers who want to take advantage of this great deal but not yet a member of F & A Federal Credit Union may also apply for membership online. You need to open a regular share savings account with a minimum opening deposit of $5 to become a member of the credit union. You may also check the membership eligibility page on the credit union’s website and also the list of cities that they serve. Immediate family are also eligible to join.

F & A Federal Credit Union is headquartered in Monterey Park in the state of California. You may call them anytime for questions with regard to their membership and current money market rates thru 800-222-1226.

The credit union was chartered in 1936 and provided financial services to the employees of the Los Angeles Agriculture Department and Fire Department. They already have over $1.1 billion in assets with 40,000 members. F & A Federal Credit Union has been an NCUA member since 1936 under charter number 1493.