Skip navigation and go to page content
An ALEC Money Market account 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.*
for the life of the account
amount is $100
or transfers per month, including withdrawals by checks
if made in person at an ALEC Service Center
$2,000 Minimum Balance
| Minimum to Earn APY | $100,000 and over |
| Nominal Rate | 1.391% |
| APY* | 1.40% |
| Minimum to Earn APY | $50,000 — $99,999.99 |
| Nominal Rate | 1.193% |
| APY* | 1.20% |
| Minimum to Earn APY | $2,000 — $49,999.99 |
| Nominal Rate | 1.094% |
| APY* | 1.10% |
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.
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.