Credit union · NCUA insured
The Local Federal Credit Union Savings Rates
The Local Federal Credit Union’s best savings rate is 0.50% APY on $10,000, with its Money Market Account. Rates checked October 16, 2026.
How The Local Federal Credit Union’s savings rates compare
Compared with banks and credit unions near Dallas, TX, where The Local Federal Credit Union has the most branches. $10,000, best rate first.
This credit union’s best
The Local Federal Credit Union
0.50%APY
- Requires
- None
- Minimum
- $2,500
- Earns on $10,000 a year
- $50
Money Market Account
Top rate
Woori America Bank
5.00%APY
- Requires
- Monthly account activity
- Minimum
- $1,000
- Earns on $10,000 a year
- $500
2nd-highest rate
Nizari Credit Union
4.00%APY
- Requires
- None
- Minimum
- —
- Earns on $10,000 a year
- $400
The Local Federal Credit Union savings score
78
Savings score
Higher than 46% of U.S. banks and credit unions
- $1,000 balance$1,0000.05%
- $10,000 balance$10,0000.50%
- $100,000 balance$100,0001.50%
- QualifiedQualified0.50%
Each track runs from the lowest to the highest rate among U.S. banks and credit unions; the dot is this rate.Qualified: needs another account or monthly activity.
Where The Local Federal Credit Union ranks
By savings score, in each area where it has branches
Every rate
Current savings rates
Rates from the credit union’s website. Earnings assume the rate doesn’t change.
Money Market Account
0.50%APY
Dividends are compounded and paid monthly based on daily balance. Must maintain a minimum daily balance to earn the disclosed APY. Account limitations apply with a fee for withdrawals in excess of 2 per calendar month.
| Balance | APY | Earns on $10,000 a yearEarns | Requirement |
|---|---|---|---|
| $2,500 and upApplies to balances >= $2,500. | 0.50% | $50 | Applies to balances >= $2,500. |
| $25,000 and upApplies to balances >= $25,000. | 1.50% | — | Applies to balances >= $25,000. |
Savings Share Account
0.15%APY
Requires depositing or having on deposit par value of one full share ($25 minimum opening deposit). Dividends compounded and paid quarterly on average daily balance. Maximum 6 preauthorized, automatic, or telephone transfers per month (max 3 by check/draft/debit card to third party).
| Balance | APY | Earns on $10,000 a yearEarns | Requirement |
|---|---|---|---|
| Up to $100Average daily balance less than $100 earns 0.00% APY. | 0.00% | — | Average daily balance less than $100 earns 0.00% APY. |
| $100 – $1,000Average daily balance from $100.00 to $999.99 earns 0.01% APY on full balance. | 0.01% | — | Average daily balance from $100.00 to $999.99 earns 0.01% APY on full balance. |
| $1,000 – $2,500Average daily balance from $1,000.00 to $2,499.99 earns 0.05% APY on full balance. | 0.05% | — | Average daily balance from $1,000.00 to $2,499.99 earns 0.05% APY on full balance. |
| $2,500 – $5,000Average daily balance from $2,500.00 to $4,999.99 earns 0.10% APY on full balance. | 0.10% | — | Average daily balance from $2,500.00 to $4,999.99 earns 0.10% APY on full balance. |
| $5,000 and upAverage daily balance of $5,000.00 or greater earns 0.15% APY on full balance. | 0.15% | $15 | Average daily balance of $5,000.00 or greater earns 0.15% APY on full balance. |
Sources (3)
- thelocalfcu.com/forms_app/Trut…n_Savings_Disclosure.pdf
- thelocalfcu.com/checking_savings/savings_accounts.php
- thelocalfcu.com/rates/savings.php
All captured Oct 16, 2026
Special-purpose accounts
Education Savings Account
0.25%APY
Must deposit or have on deposit par value of one share in Savings Share account. For a designated beneficiary under 18 years old. Maximum annual contribution of $2,000 until child is 18. Funds can stay until beneficiary is 30. Earnings and distributions are tax-free if used for education.
| BalanceRequirement | APY | Earns on $10,000 a yearEarns | Requirement |
|---|---|---|---|
| $2,500 and upMinimum balance of $2,500 to earn stated APY.$2,500 and up | 0.25% | $25 | Minimum balance of $2,500 to earn stated APY. |
Sources (3)
- thelocalfcu.com/forms_app/Trut…n_Savings_Disclosure.pdf
- thelocalfcu.com/rates/iras.php
- thelocalfcu.com/checking_savin…tion_savings_account.php
All captured Oct 16, 2026
IRA Savings
0.25%APY
Available as Traditional or Roth IRA savings account. No minimum opening deposit stated on IRA product page. Dividends compounded and paid quarterly on average daily balance. Maximum 6 preauthorized/automatic/telephone transfers per month. $7.50 per quarter IRA servicing fee.
| BalanceRequirement | APY | Earns on $10,000 a yearEarns | Requirement |
|---|---|---|---|
| $2,500 and upTraditional IRA or Roth IRA savings with balance of $2,500 or greater earns 0.25% APY. Minimum average daily balance of $2,500 required to earn stated APY.$2,500 and up | 0.25% | $25 | Traditional IRA or Roth IRA savings with balance of $2,500 or greater earns 0.25% APY. Minimum average daily balance of $2,500 required to earn stated APY. |
Sources (3)
- thelocalfcu.com/forms_app/Trut…n_Savings_Disclosure.pdf
- thelocalfcu.com/rates/iras.php
- thelocalfcu.com/checking_savings/iras.php
All captured Oct 16, 2026
Christmas Club Account
0.05%APY
Must deposit or have on deposit par value of one share in Savings Share account. Balance available for withdrawal between November 1 and January 31 with no fee; $10 fee per withdrawal from February 1 through October 31 (unless within 7 days of opening). Dividends compounded and paid quarterly on average daily balance. Max 6 preauthorized/automatic/telephone transfers per month.
| BalanceRequirement | APY | Earns on $10,000 a yearEarns | Requirement |
|---|---|---|---|
| $2,500 and upMinimum average daily balance of $2,500 to earn stated APY.$2,500 and up | 0.05% | $5 | Minimum average daily balance of $2,500 to earn stated APY. |
Sources (3)
- thelocalfcu.com/forms_app/Trut…n_Savings_Disclosure.pdf
- thelocalfcu.com/rates/savings.php
- thelocalfcu.com/checking_savin…ristmas_club_account.php
All captured Oct 16, 2026
Vacation Club/Special Savings Account
0.05%APY
Must deposit or have on deposit par value of one share in Savings Share account. One withdrawal allowed per month without fee; $5 fee per withdrawal in excess of one per month. Dividends compounded and paid quarterly on average daily balance. Max 6 preauthorized/automatic/telephone transfers per month.
| BalanceRequirement | APY | Earns on $10,000 a yearEarns | Requirement |
|---|---|---|---|
| $2,500 and upMinimum average daily balance of $2,500 to earn stated APY.$2,500 and up | 0.05% | $5 | Minimum average daily balance of $2,500 to earn stated APY. |
Sources (3)
- thelocalfcu.com/forms_app/Trut…n_Savings_Disclosure.pdf
- thelocalfcu.com/rates/savings.php
- thelocalfcu.com/checking_savin…cial_savings_account.php
All captured Oct 16, 2026
Who can join The Local Federal Credit Union
This may be incomplete or out of date, so check with the credit union before you apply.
Family and household
- Any member of an existing member's immediate family can become a member.
Cost to join
- Joining requires opening a savings account with an initial share deposit of $25, which is held on deposit while a member.
Membership information collected October 5, 2026.