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Logix Federal Credit Union Money Market Account

in Money Market Accounts

Unaffiliated Visit Site

Logix Federal Credit Union Money Market Account

Unaffiliated

in Money Market Accounts

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Overview

The Logix Federal Credit Union is a full-service, not-for-profit credit union that serves people in Arizona, California, Washington DC, Maryland, Massachusetts, New Hampshire, Maine, Nevada and Virginia. The credit union started in 1937 with 12 charter members as an service exclusively for Lockheed Aircraft employees and their families. Now it has $3.8 billion in assets and over 131,000 members. Its return on average assets in 2013 was 0.38%.

There is a $25 minimum amount to open a checking account and a $5.95 monthly service fee. The fee is waived when you have a balance of $2,500 or more in your account. Saving accounts have a $5 monthly fee, which is waived if you have a balance of at least $500. Saving accounts have a 0.25% APY, while checking accounts have an APY that ranges from 0.05% to 0.40% depending on what relationship tier a member is placed in. Members earn points with their financial transactions, which increases their relationship tier. The penalty for nonsufficient funds is $29.

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Availability

Alaska Alabama Arkansas Arizona California Colorado Connecticut Washington, D.C. Delaware Florida Georgia Hawaii Iowa Idaho Illinois Indiana Kansas Kentucky Louisiana Massachusetts Maryland Maine Michigan Minnesota Missouri Mississippi Montana North Carolina North Dakota Nebraska New Hampshire New Jersey New Mexico Nevada New York Ohio Oklahoma Oregon Pennsylvania Rhode Island South Carolina South Dakota Tennessee Texas Utah Virginia Vermont Washington Wisconsin West Virginia Wyoming
  Available in 1 state
California
Availabile in all of California

Feature Breakdown

APY Minimum Balance $0.01
Minimum Balance to Avoid Monthly Fee $2,500
Monthly Fee $0 - $15
Minimum Deposit $2,500
Dividend Rate 0.49% - 1.83%
APY 0.5% - 1.85%
Dividend Compounding Frequency Monthly
Dividend Payout Frequency Monthly

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