Altra’s Routing #: 291881216
Savings

Money Market Accounts

Let Altra Help Build Your Nest Egg

Altra Money Market accounts offer competitive rates, pay dividends monthly, and allow unlimited deposits and in-person withdrawals. All Money Market accounts can be set up as overdraft protection on your Altra Checking account. Altra Money Market accounts are insured deposits.

Live your Best Life with a Money Market at Altra

Access your money at any time! Plus, keep adding to your account while earning a great rate!

Best Life Money Market Rates

Rates effective July 1, 2020; subject to change.

Minimum
Balance
Dividend Rate APY*
$0,000-$24,999 0.10 0.10
$25,000-$49,999 0.20 0.20
$50,000-$74,999 0.30 0.30
$75,000-$99,999 0.40 0.40
$100,000-$149,999 0.50 0.50
$150,0000 & over 0.60 0.60

*Best Life Money Market: Annual Percentage Yield (APY) based on average daily balance. Membership eligibility required. One account per member; personal accounts only. Account balance may be added to at any time; no penalty for withdrawal. No checking or direct deposit required. Rates subject to change. Limited time offer. Savings federally insured by NCUA to $250,000 with IRA Savings insured separately for an additional $250,000. Based on account ownership, you may be eligible for more insurance coverage on your savings. Contact Altra for complete details.

Indexed Money Market

The Altra Indexed Money Market will earn a 0.10% dividend rate if the balance falls below the required minimum on any given day. Balances higher that $250,000 will have a floor rate to be equal to the highest rate on the Altra’s Best Life Money Market. The floor rate will be based on the last business day of the previous month. The dividend yield will be an indexed rate determined by the 1-year Regular Advance rate of the Federal Home Loan Bank of Chicago (FHLB) based on the last business day of the previous month and will be effective on the first day of the current month. 

Indexed Money Market

Rates effective July 1, 2020; subject to change.

Minimum Balance
during the month
Dividend Rate

 

APY*

 

 $0-$249,999  0.100  0.10
 $250,000-$499,999  0.598  0.60
 $500,000-$749,999  0.598  0.60
 $750,000-$999,999  0.797  0.80
 $1,000,000-$3,000,000  0.896  0.90

*APY=Annual Percentage Yield.

Dividends are compounded monthly and paid monthly. The ending balance of the account each day is multiplied by a daily rate (rate divided by the interest base of 365 or 366 days) and then accrues / accumulates until posted. Dividends will begin to accrue on the business day you place non-cash items (for example, checks) to your account.

For the Altra Indexed Money Market accounts, Federal regulations allow up to six transfers per month.

Applies to non-individuals or entities other than an individual depositor: We may require the governing body of the organization opening the account to give us separate authorization telling us who is authorized to act on its behalf. We will honor the authorization until we actually receive written notice of a change from the governing body of the organization. We may require separate documentation to open an organization account.

If you close your account before dividends are paid, you will not receive the accrued dividends. Please read Altra’s Account Disclosure and Agreement that may also apply to organizational accounts. Available to both Business and Retail Members.

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