Happy African American Man on his smartphone; Money Market

Earn a higher rate while enjoying outstanding flexibility with our Money Market.

An ALEC Money Market is designed to provide a better rate of return than a regular savings account, without sacrificing liquidity or security.

Rates are tiered, with higher balances earning a higher APY.*

Features of an ALEC Money Market Account:

$2,000 Minimum Opening Balance
Free Checks

for the life of the account

Competitive Rates
Minimum withdrawal

amount is $100

Up to six withdrawals

or transfers per month, including withdrawals by checks

Unlimited monthly withdrawals

if made in person at an ALEC Service Center

Money Market Rates with ALEC

Account Type Minimum to Earn APY Nominal Rate APY*
Money Market $100,000 and over 0.995% 1.00%

$50,000 — $99,999.99 0.847% 0.85%

$2,000 — $49,999.99 0.747% 0.75%

Your Savings Calculator

Other Checking and Savings Accounts

Free Checking

Offering no monthly fee and free Bill Pay. Includes Mobile Banking, a Visa® Debit Card, and basic overdraft protection.

Rewards Checking

A checking account that has more benefits and pays dividends.


Enjoy higher interest returns with your savings at fixed or variable rates with ALEC Certificates.

Want more financial tools? Try our calculators:

Start today, earn more tomorrow.

Your money is safe.

Rest assured, all ALEC accounts come with the security and peace of mind of insurance. Each account is insured up to $250,000 by American Share Insurance (ASI), the nation's largest private deposit insurer. No credit union member has ever lost a penny in an ASI-insured account.

* The Annual Percentage Yield (APY) is the rate that is earned if the funds are left to compound for one year. All dividends are paid monthly based on the daily average balance. Rates subject to change monthly. The nominal rate is the rate used to calculate the monthly dividend.