Money
Market
Accounts
offer
a
higher
yield
on
deposits,
with
the
flexibility
of
immediate
access
to
funds.
There
is
a
minimum
deposit
required
to
earn
dividends,
which
are
paid
monthly.
The
chart
below
illustrates
how
much
you
could
earn
with
$10,000
deposited
in
an
APLFCU
Market
Account
after
12
months
compared
to
other
major credit unions and
banks**.
Institution |
APY* |
Dividends
After
12 Months |
Bank
of
America |
1.00% |
$100 |
| PNC |
1.00% |
$100 |
| Chevy Chase Bank |
0.43%
|
$43
|
| Wachovia |
0.15% |
$15 |
APLFCU |
2.10% |
$210 |
An
APLFCU
Money
Market
Account
can
be
a
smart
addition
to
your financial
plan.
Interested
in
opening
one
or
learning
more?
Call 443-778-5250
or
visit
one
of
our
branches. *APY
=
Annual
Percentage
Yield.
**Rates
as
of
04/01/2008.
Guidelines:
- 10,000 - minimum deposit to open
- Six withdraws per month - three by check and three
by other means (internet transfer or teller)
- Variable rate interest - may change daily
- Free checks
- Insured by the NCUA to $100,000
- Dividends are calculated daily, compounded and paid monthly
on balances over $10,000
|