1.36% APY best money market rates with AllSouth Federal Credit Union in South Carolina

AllSouth Federal Credit Union offers some attractive money market interest rates which can be considered as among the highest interest rates in the market today. The money in the bank deal is tiered into the following:

$100,000 1.36% APY

$75,000 1.26% APY

$50,000 1.16% APY

$25,000 1.06% APY

$10,000 0.95% APY

$1,000 0.75% APY

Members can open a high earning money market account for as low as $1,000. You also need to maintain this amount of deposit to at least avoid the monthly fee of $5. The earnings of the account are computed using the average daily balance of the account and paid on a monthly basis.

In case you are not a member, you are eligible to sign up if you live, study, work, or worship in the counties of Calhoun, Kershaw, Lexington, Richland, Saluda, Newberry, Sumter, and Fairfield in South Carolina. Having an immediate family within the credit union’s service area will also make you qualified.

You can download a form and send it via mail or you can simply drop by one of their branches to sign up. You will be required to put in $10 into a share savings account when you join the credit union.

You can call them thru 803-736-3110.

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Posted on 11th January 2011 by Randell in Money Market Rates

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