Money Market Account (MMA)
Here at Lanier Federal Credit Union, we strive to give our members the BEST rates possible! Our higher dividends make our Money Market Account (MMA) a tough one to beat! To open an MMA you will need a minimum of $2,500. There is no monthly fee if you stay within six transactions per month and maintain a $2,500 balance daily. Otherwise, there is a $10 fee per month. Additionally, the minimum amount of money that you may withdraw is $100 per check/withdrawal.
Certificate of Deposits (CD)*
A certificate of deposit (CD) is an excellent way for you to watch your money grow at a higher interest rate. CDs are a time deposit. Your deposited funds are set for a fixed-term, fixed- rate and cannot be withdrawn until certificate of deposit has matured. If for some reason you do need to withdraw part or all of your initial deposited amount, early withdrawal penalties will apply. Rest assured, even with this penalty, you will never lose your initial deposit.
- Maturity notices sent 30 days prior to maturity date
- 10-day grace period for cancellation of renewal at maturity
- Interest pays out at Certificate maturity
- Joint ownership and beneficiaries permitted
- Early withdrawal penalties apply
- CD term 12 months or less 3 month penalty of interest
- CD term 13-24 months 6 month penalty of interest
- CD term 25-60 months 12 month penalty of interest
- APY = Annual Percentage Yield. Rates subject to change
- See Current Rates for terms available
GROWTH CD (Certificate of Deposit)
With Lanier Federal’s GROWTH CD, you can keep the security of locking in your interest rate/APY while also having the flexibility to add to the balance throughout the CD term.
The GROWTH CD is a good option if you do not have a large amount of money to open your CD all at once but will periodically have funds available. No need to open multiple CDs, just ‘add-on’ to your existing GROWTH CD and watch the savings grow!
The GROWTH CD carries the same benefits as a standard Certificate of Deposit *plus:
- 12 Month Term
- Minimum $500 opening balance
- Add to your balance as often as you like (minimum $100)
- Maximum amount to be added over term of CD is $25,000
- Interest calculated on balance over the 12 month Term (interest calculated on added funds from time of added deposit)
Rates Membership