L’oreal USA Federal Credit Union offers competitive interest rate with their savings account called Regular Share savings and Premier Share savings account. The credit union has the following current savings account rates:

Regular Share Savings

• $51 to $3,000                               0.25% APY
• $3,000 to $10,000                        0.50% APY
• $10,001 to $40,000                      0.75% APY
• $40,000 and above                       1.00% APY

Premier Share Savings

• $51 to $3,000                               0.35% APY
• $3,000 to $10,000                        0.60% APY
• $10,001 to $40,000                       0.85% APY
• $40,000 and above                        1.10% APY

Members can start earning this high interest savings account when you deposit a minimum of $25 to open an account and maintain a daily balance of at least $50 and above. The dividends of this money in the bank deal is paid every quarter. Please be reminded that once account is opened the interest rate may change, make sure to contact the credit union to get their latest savings account rates.

Another high yield savings account offered by the credit union is their Piggy Bank Account. This best interest savings account earns an interest rate of 1.00% APY for the regular account and 2.00% APY for the Premier Piggy Bank Account. The deposits to this best savings account is made through payroll deduction only. You are also allowed to deposit a maximum of $1,000 per month. You are only permitted to withdraw funds at the of the 6 month term.

This savings account also allows you to manage your account using online banking and make bill payment. You can even subscribe to electronic bank statement to view it any time at your convenience.

To become a member of L’oreal USA Federal Credit Union, you must be an employee of L’oreal. Immediate family of existing member is also eligible to join the credit union. You need to complete the following forms: Membership application form, Direct Deposit, MAC/ATM application form and Home Banking application form. Please remember to have your government issued id photo copied since the credit union will be asking for it. Then fax or mail it to the credit union.

You can always contact the credit union when you have questions or concerns with regard to your savings account and current interest rates thru 732-499-6679.

The credit union has 2 branches located in North Little Rock, Arkansas and Clark, New Jersey.

L’oreal USA Federal Credit Union has been in business since 1972. Currently, they have reached over 2,366 members with over $22 million in declared assets. The credit union is also a member of the National Credit Union Association with charter number 21109.