Logix Federal Credit Union Money Market Account

Logix Federal Credit Union Money Market Account Review

Logix Federal Credit Union Money Market Account is offered by Logix Federal Credit Union, a credit union founded in 1937 and based in Burbank, CA. Logix Federal Credit Union Money Market Account are available in 1 state across the USA.

Key Takeaways

• Very high annual percentage yield (APY). This account offers an annual percentage yield of up to 0.55%, which is much higher than the national average for a money market account.However, you must keep a minimum balance of $0.01.
• Charges a monthly fee. This account charges a monthly service fee of up to $15, but the fee is waived if you keep a minimum balance of $2,500.
• High minumum deposit. You must deposit a minimum of $2,500, which is high compared to most money market accounts.

Pros & Cons of Logix Federal Credit Union Money Market Account

Logix Federal Credit Union Money Market Account FAQ

Are money market accounts from Logix 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 Logix money market rates?

Logix money market offers an APY starting at 0.30% and ranging up to 0.55% (APY stands for annual percentage yield, rates may change). However, to earn interest you must keep a minimum balance of $0.01.

What are the fees for Logix Federal Credit Union Money Market Account?

What is the minimum balance for Logix money market?

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

Monthly maintenance fee waiver. You can avoid the monthly fee if you keep a balance of $2,500.

Interest rate minimum balance of $0.01. You must keep the account balance above $0.01 to earn interest.

What features and perks does Logix money market offer?

This account includes the following features:

• Fraud monitoring - Logix Federal Credit Union monitors transactions for potentially fraudulent activity.

What is the customer service phone number?

The customer service number for this business card is (800) 328-5328.

What is the support contact email?

The support contact email for this business credit card is socialmedia@lfcu.com.

How to open an account with Logix Federal Credit Union

• Visit the Logix 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.