While the interest rate dropped from the more impressive 2.50% APY a few months ago, Riverland Credit Union’s MMA is still competitive, earning up to 2.00% APY for balances of at least $100. This IRA account is beneficial because it allows you to liquidate your funds efficiently. You can enjoy your retirement plans with the yields this account will be earning.

To open this money in the bank deal, you can either go to the credit union’s website and click on their IRA Center link, call up a phone banker, or visit a branch within your area. As with other credit unions, certain qualifications will have to be fulfilled before you’re eligible for this account.

Just visit the bank’s membership page to find out who can open the money market account. The credit union supports quite a number of employee groups. If you work for any of these companies, you can reap the benefits of the account.  According to their website, this money market also doesn’t have any monthly service charges. It has no annual fees, either, so you can be sure that you can make the most out of your savings.

Through the IRA Center, you will also be introduced to the perks of setting up a money market IRA. This is definitely one of the best money market rates today, given the perks that this account comes with. Watch out for withdrawal limitations because you wouldn’t want to pay unnecessary fees for those.

MMA fees tend to change a lot, so check with the credit union’s website before opening this account. Right now, it’s probably the best money market rate, but there may be more attractive fees in the next few days. Branches of Riverland Credit Union are located across New Orleans, Beaumont, Gretna, Jackson, Jefferson, Morgan City, Port Gibson, Taft, and Woodslands.

The ratings for this credit union in terms of safety and soundness are satisfactory. Both Bankrate.com and BauerFinancial.com gave it three stars each. It is federally insured under NCUA under Charter #64534.