Louisiana Federal Credit Union Savings Account Rates and Money Market Account Rates

Louisiana Federal Credit Union based in LaPlace, Louisiana, is advertising regular share savings account rates, club savings account rates, Individual Retirement Account (IRA) share account rates and money market account rates. Interest rates on savings accounts and money market accounts are tiered based on the deposit amount. Deposit accounts are federally insured by the National Credit Union Administration NCUA.

Louisiana Federal Credit Union’s savings rates and money market rate are not the highest rates in Louisiana but their rates are competitive with other banks and credit unions.

Louisiana Federal Credit Union Savings Account Rates

Louisiana Federal Credit Union’s Individual Retirement Account share savings  rates are currently the best savings account rates available. The IRA savings account has a savings rate of 0.50 percent and a savings yield of 0.50 percent.

Louisiana Federal Credit Union’s share savings account rates and savings account yields for savings balances up to $2,4999 is 0.10 percent with a savings interest yield of 0.10 percent. Savings account balances of $2,500 earn a higher rate. The current interest rate on account balances of $2,500 or more is 0.15 percent with a yield of 0.15 percent.

Louisiana Federal Credit Union’s club savings account interest rate and yield is also .10 percent for account balances up to $2,4999. Club savings account rates and yields for balances of $2,500 or more is 0.15 percent.

Louisiana Federal Credit Union Money Market Account Rates

LFCU's money market rate for account balances of $5,000 to $9,999 is 0.25 percent with a money market yield of 0.25 percent. Money market account balances of $10,000 or more earn a money market rate of 0.50 percent iwth an interest yield of 0.50 percent.

As with any credit union you will have to join LFCU to open a deposit account. Information on joining and a list of current deposit rates can be found by going to louisianafcu.org.
Author: Robert Till
February 20th, 2011