Money Market Rates 101

Here at Money Market Rates 101, we know that you are always on the lookout for the best rates and offers from area and regional banks.  Today, we’re looking at First Florida CU to show you what they offer.

First Florida Credit Union offers a diverse range of financial products in its home state. The company has seen expansion and rising profits as more people have become aware of its existence and are investing money in the company. First Florida Credit Union money market accounts remain popular with investors as they have relatively higher yields and provide greater security of investment.

First Florida money market rates as of April 2010 are as follows. Security Plus More account of the credit union is currently offering an APY of 1.00% for a minimum deposit of $2,500. High Yield Money Market Account of the company is offering an APY of 1.25% with the minimum deposit requirement is ten times greater than the basic account at $25, 000.

First Florida Credit Union rates for its Platinum Money Market Account are currently estimated to yield 1.50% with a minimum investment of $50,000. The basic interest bearing checking account at the bank currently yields an APY of 0.50% and this rate is also valid for the savings account.

All rates are subject to change depending on the financial position of the company and national economic conditions. Regulatory procedures and rules and regulations may also alter the interest rates and APY of these accounts. The bank reserves the right to impose penalty in case of any violation of the user agreement or early withdrawal of money. Further details are available on the company website and customers can also make calls to the official contact center.