Coosa Pines Federal Credit Union is pushing for their best interest rate money market account. This money in the bank deal has the following interest rates:

$0 to $2,499             0.95% APY
$2,499 to $24,999     1.00% APY
$24,999 to $99,999   1..25% APY
$99,999 and above    1.50% APY

You are required to deposit a minimum of $2,500 to open an account. You should also maintain at least $5 on your account so that it will not be closed. The bank allows you to make at least 3 withdrawals or transfer per statement cycle. In case you exceed the number of transfers or withdrawals you will have to pay $10 fee per transaction. The earnings of this best money market account is compounded and paid on a monthly basis. Please be reminded that current interest rate provided by the bank is subject to change without notice.

If your are note yet a member of Coosa Pines Federal Credit Union and wants to take advantage of their best money market rate you must work, live, attend school, worship, legal entities, or business in the counties of Jefferson, Talladega, St. Clair, Shelby, Coosa, or Clay in the state of Alabama. Direct family of existing members are also elligible to join. It seems that you will have to visit one of the credit union’s office to apply for their membership and open an account. You may also call customer service for questions with regards to membership eligibility thru 800-469-8656.

The credit union has several branches located in the cities of Childersburg, Birmingham, Pell City, Chelsea, and Sylacauga in the state of Alabama.

Coosa Pines Federal Credit Union was chartered in 1950. They currently have a total of $201.2 million in declared assets. They are also federally insured by the National Credit Union Association with charter number 6774.