Credit Union at L.A. offers a Checking Pay of 1.26%
Consumers with checking account are in for a new turn of events, as new beneficiary aspects ate developed with the account type for ensuring grater convenience. The F&A Federal Credit Union housed in Monterey Park, California has considered extracting the best aspects of checking and savings account in developing a highly profitable eChecking account.
The development of this particular type of checking account by F&A has dislodged the ideas of charging consumers for account checking or making them run around with the pursuit of earning interest on specific checking account. With the introduction of the eChecking account, F&A now offers 1.26 per cent APY on all newly opened accounts, provided you walk the road for e-statements.
The highly profitable eChecking account also comes with several advantages. It does not charge monthly fees and does not feature a cap on the minimum and maximum balance requirement. Furthermore, this new account type also does not need you to make specific number of transaction, as in with the rewards checking account. Well, this 1.26 per cent APY that is offered by the checking account tends to rank high in the best money market rate of account available nationally. This rate also comes close to the rates offered by savings account nationally.
Well, if you are considering becoming a member of the F&A Federal Credit Union, you must adhere to several conditions. You must be an employee of the fire department of L.A Country. You must be an employee of any one of the cities hiring the service of the department or an employee of the other government institutes of that area. A family member in the said service sector also makes you eligible for the membership.
The F&A Federal Credit Union also provides several other competitive and money market rates. A deposit of $2,500 on its money market account is liable to offer you a rate of 1.16% APY. The credit union also offers the best CD rates in five terms.
Here is the figure of the APY paid with a minimum deposit $1,000 at specific terns –
- 6-month CDs offers 1.16% APY
- 12-month CDs offer 1.26% APY
- 24-month CDs. Offer 1.46% APY
- 36-month CDs offer 1.77% APY
- 60-month CDs offer 2.43% APY
All these above –mentioned deals often take the lead in being some of the best offers available nationally. All these CDs are made available to the members through mail and the office of the credit union.
