Deposit Accounts
Did you know?
The credit union was formed by the community when all other commercial banks left the Lower East Side.
Money Market Accounts
A money market account from Lower East Side People’s Federal Credit Union gives you a higher interest rate than a regular savings account, plus the liquidity and flexibility of a checking account. It’s an ideal way to earn more on your savings dollars, and still have access to your cash.
Better yet, it’s secured through the NCUA … unlike some investments, it won’t lose value.
Benefits
- Monthly statements sent by mail
- Unlimited deposits
- Free start up supply of checks
- Utilize an ATM to make unlimited withdrawals up to the maximum daily amount. Plus, conduct up to six other types of withdrawals or transfers each monthly period, three of which may be by check
- Deposits insured to the regulatory maximum by the NCUA
Interest Rates
- Rates higher than savings
- Variable interest rate with a wide range of balance tiers
- Compounded daily
Minimum Balance: Minimum opening deposit and average daily balance required to earn interest is $1,000.
