Alco Federal Credit Union Money Market Accounts

Alco Federal Credit Union Money Market Accounts Review

Alco Federal Credit Union Money Market Accounts is offered by Alco Federal Credit Union, a credit union founded in 1953 and based in Wellsville, NY. Alco Federal Credit Union Money Market Accounts are available in 50 states (and Washington, DC).

Key Takeaways

• Very high annual percentage yield (APY). This account offers an annual percentage yield of up to 0.35%, which is much higher than the national average for a money market account. However, you must keep a minimum balance of $2500.
• $0 monthly fee. This account does not charge any monthly account fees.
• High minumum opening deposit. You must deposit a minimum of $2,500, which is high compared to most money market accounts.

Pros & Cons of Alco Federal Credit Union Money Market Accounts

Alco Federal Credit Union Money Market Accounts FAQ

Are money market accounts from Alco Federal Credit Union federally insured?

Yes, your money market accounts are insured up to $250,000 per share owner for each account ownership category. The National Credit Union Administration (NCUA), a federal agency, administers the insurance fund and regulates federally insured credit unions. The fund is backed by the full faith and credit of the U.S. Government.

What are the dividends for Alco Federal Credit Union Money Market Accounts rates?

Alco Federal Credit Union Money Market Accounts offers an APY of up to 0.35% (APY stands for annual percentage yield, rates may change).However, to earn interest you must keep a balance of $2500.

What are the fees for Alco Federal Credit Union Money Market Accounts?

Alco Federal Credit Union Money Market Accounts does not charge a monthly maintenance fee.

What is the minimum balance for Alco Federal Credit Union Money Market Accounts?

Minimum deposit of $2,500. You must make an initial deposit of at least $2,500 to open this account.

Interest rate minimum balance of $2,500. You must keep the account balance above $2,500 to earn interest.

What features and perks does Alco Federal Credit Union Money Market Accounts offer?

This account includes the following features:

• Mobile Banking Services - Alco Federal Credit Union Money Market Accounts allows you to manage your money through online banking and a dedicated mobile app.

What is the customer service phone number?

The customer service number for this account is (800) 472-3272.

What is the support contact email?

The support contact email for this business credit card is alcofcu@roadrunner.com.

How to open an account with Alco Federal Credit Union

• Visit the Alco Federal Credit Union website.
• Fill in the application form. You will typically need to provide general financial information, such as your name, Social Security Number and address.
• Check the information is accurate and submit your application.