Earn a higher rate while enjoying outstanding flexibility.
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.* Check out our current competitive rates.
Features of an ALEC Money Market Account:
- $2,000 minimum opening balance
- Free checks for the life of the account
- Up to six withdrawals or transfers per month, including withdrawals by checks
- Unlimited monthly withdrawals if made in person at an ALEC Service Center
- Minimum withdrawal amount is $100
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.
Start today, earn more tomorrow.
ALEC makes it easy to open an account. You can visit an ALEC Service Center or call 800.762.9988.
| Account Type | Minimum to Earn APY | Nominal Rate | APY* |
|---|---|---|---|
| Money Market | $100,000 and over | 0.399% | 0.40% |
| $50,000 - $99,999.99 | 0.300% | 0.30% | |
| $2,000 - $49,999.99 | 0.200% | 0.20% |