Alabama ONE Money Market Accounts

Alabama ONE Money Market Accounts Review

Alabama ONE Money Market Accounts is offered by alabama one credit union, a credit union founded in 1951 and based in Tuscaloosa, AL. alabama one are available in 50 states (and Washington, DC).

Key Takeaways

• Very high annual percentage yield (APY). This account offers an annual percentage yield of up to 3.04%, which is much higher than the national average for a money market account. However, you must keep a minimum balance of $1000.
• $1,000 minimum deposit. This is a typical minimum initial deposit, but there are accounts that require a smaller initial deposit.

Pros & Cons of Alabama ONE Money Market Accounts

Alabama ONE Money Market Accounts FAQ

Are money market accounts from alabama one credit union federally insured?

Yes, your money market accounts are insured up to $250,000 per share owner for each account ownership category. The National Credit Union Administration (NCUA), a federal agency, administers the insurance fund and regulates federally insured credit unions. The fund is backed by the full faith and credit of the U.S. Government.

What are the dividends for alabama one rates?

alabama one offers an APY starting at 1.00% and ranging up to 3.04% (APY stands for annual percentage yield, rates may change). However, to earn interest you must keep a minimum balance of $1000.

What are the fees for Alabama ONE Money Market Accounts?

Alabama ONE Money Market Accounts does not charge a monthly maintenance fee.

What is the minimum balance for alabama one?

Minimum deposit of $1,000. You must make an initial deposit of at least $1,000 to open this account.

Interest rate minimum balance of $1,000. You must keep the account balance above $1,000 to earn interest.

What features and perks does alabama one offer?

This account includes the following features:

• Mobile Banking Services - alabama one allows you to manage your money through online banking and a dedicated mobile app.

What is the customer service phone number?

The customer service number for this account is (800) 225-0110.

What is the support contact email?

The support contact email for this business credit card is contactcenter@alabamaone.org.

How to open an account with Alabama ONE Credit Union

• Visit the Alabama ONE Credit Union website.
• Fill in the application form. You will typically need to provide general financial information, such as your name, Social Security Number and address.
• Check the information is accurate and submit your application.