Last Updated: 04/18/2025
Lanier FCU Money Market Account
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Last Updated: 04/18/2025
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Highlights
APY (Annual Percentage Yield)
0.60% - 1.50%(Verified 09/03/2024)
Minimum Balance to Earn APY
$2,500
Minimum Opening Deposit
$2,500
Lanier FCU Money Market Account Review
Lanier FCU Money Market Account is offered by Lanier Federal Credit Union, a credit union founded in 1969 and based in Oakwood, GA. Lanier FCU Money Market Account are available in 50 states, 5 US territories, and Washington, DC.
Key Takeaways
- Very high annual percentage yield (APY). This account offers an annual percentage yield of up to 1.50%, which is much higher than the national average for a money market account. However, you must keep a minimum balance of $2500.00.
- Waivable monthly maintenance fee. 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.
- High minumum opening deposit. You must deposit a minimum of $2,500.00, which is high compared to most money market accounts.
Pros & Cons of Lanier FCU Money Market Account
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Lanier FCU Money Market Account FAQ
Are money market accounts from Lanier 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 Lanier FCU Money Market Account rates?
Lanier FCU Money Market Account offers an APY starting at 0.60% and ranging up to 1.50% (APY stands for annual percentage yield, rates may change). However, to earn interest you must keep a minimum balance of $2500.00.
| Rates | Amount |
| APY (Annualized Percentage Yield) | 0.60% - 1.50% |
What are the fees for Lanier FCU Money Market Account?
This account charges a monthly maintenance fee of up to $10.00. You can avoid this fee by maintaining a balance of $2,500.00.| Description | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Monthly Service Fee | $10.00 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Paper Statement Fee | Starting at $5.00 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| NSF Fee | $32.00 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
What is the minimum balance for Lanier FCU Money Market Account?
Minimum deposit of $2,500.00. You must make an initial deposit of at least $2,500.00 to open this account.
Monthly maintenance fee waiver. You can avoid the monthly fee if you keep a balance of $2,500.00.
Interest rate minimum balance of $2,500.00. You must keep the account balance above $2,500.00 to earn interest.
What features and perks does Lanier FCU Money Market Account offer?
This account includes the following features:
- Mobile Banking Services - Lanier FCU Money Market Account allows you to manage your money through online banking and a dedicated mobile app.
- Nationwide ATM network - Lanier FCU Money Market Account allows you to access your money from an ATM, a convenient feature only a few offer.
What is the customer service phone number?
The customer service number for this account is (770) 503-1765.
What is the support contact email?
The support contact email for this business credit card is memberservices@lanierfcu.org.
How to open an account with Lanier Federal Credit Union
- Visit the Lanier 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.
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Hours of Operation
Sunday
Closed
Monday
8:00AM - 4:30PM
Tuesday
8:00AM - 4:30PM
Wednesday
8:00AM - 4:30PM
Thursday
8:00AM - 4:30PM
Friday
8:00AM - 5:30PM
Saturday
Closed