Higher Interest Account Designed for Convenience
If you like to use your money, but also want to earn higher interest than a regular savings account, a Money Market Account may be for you!
Money Market Account Features
- $2,500 Minimum Deposit to Open Account
- $2,500 Minimum Daily Balance (to avoid $10/mo fee)
- Up to 6 withdrawals, transfers, or checks per statement cycle
- Variable Interest Rate (traditionally has paid higher rate of return than NOW account)
- Interest Calculated on Daily Balance
- Interest Paid and Compounded Monthly
Today's Money Market Account Rates
Effective Date: May 8, 2025
| Deposit Balance | Interest Rate | APY* |
|---|---|---|
| $0 - $49,999.99 | 2.40% | 2.43% |
| $50,000 - $99,999.99 | 2.55% | 2.58% |
| $100,000 - $249,999.99 | 2.81% | 2.85% |
| $250,000 - $749,999.99 | 2.96% | 3.00% |
| $750,000 and above | 3.10% | 3.14% |
*You must maintain the minimum daily balance to obtain the disclosed APY (Annual Percentage Yield). Money Market is a variable interest rate account; the interest rate(s) and APY(s) may change after the account is opened. Luana Savings Bank reserves the right to change interest rates and terms without notice. Fees incurred may reduce earnings.
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