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Lafayette Federal branches will be closed on Monday, July 4th in observance of Independence Day. Members may access Online BankingOpens in New Window or contact our 24-hour Call Center at (301) 929-7990 or (800) 888-6560.
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Serving members worldwide since 1935.

Money Market Accounts

  • Personal & business accounts
  • No maintenance fee
  • Online access

Enjoy the convenience of issued checks!

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Earn more on your savings without compromising accessibility.

What is a Money Market Account?

A money market account is a non-financial account that pays interest based on current interest rates in the money markets. We offer both personal money market accounts and business money market accounts — we charge no maintenance fee for either account!

The minimum balance at which you start earning dividends for personal money market accounts is $2,500 and $10,000 for business money market accounts. You must maintain the minimum balance for the entire monthly statement cycle to earn dividends.

Effective Jul 1, 2022

Tier Min to Open Dividend APY*
$0 - $2,499 $2,500** 0.00% 0.00%
$2,500 - $24,999 0.05% 0.05%
$25,000 - $149,999 0.15% 0.15%
$150,000+ 0.30% 0.30%
*APY=Annual Percentage Yield.
**Plus the cost of checks.

Easy Access

Accessing your account is easy with a money market account. You can do it three ways:


Although money market accounts are more liquid than share certificates, withdrawals are subject to certain federal regulatory limits. Six transactions are permitted per month and a fee is applied each time this limit is exceeded.

Opening a Money Market Account

To open a personal money market account, visit a branch or open an account onlineOpens in New Window.

To open a business money market account, please contact us.

Have Questions? Just ask.

Full Rate Details
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    Kick-start your summer savings

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    Enjoy our 2.02% APY³ Checking — a premium rate over 65 times higher than the national average¹

    Simple terms, outstanding rate

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    Our members have access to Co-Op Network Shared Branches & ATMs for all basic transaction needs.

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