props to SNAP14 for the info on this account! (as seen in the Daughter of the Mother of all Online Banking thread)

Here's some more details on the "Money Tree Market Account" paying 4% APY:

$25K minimum to earn interest and avoid monthly fees
no ATM or checkbook, only access through internal transfers or wire ($20 fee for wires).

You can open a VALUE CHECKING account and link it to the Money Market to get money in and out. Value Checking is fee-free if you have DD of $100/month or sign up for electronic statements.

.Lockheed Martin FCU is open to all for membership if you join The Achievers Club for $5

Importand info from the other thread:

snap14 said:4.0% APY Money Market Account ($25,000 minimum, no early closing fee)
Lockheed Federal Credit Union
800-328-LFCU
(must call, not yet listed on website: www.lockheedfcu.org)

this is great , and the $25k minimum will stop the droves who would crush this due to FW effect.

The CSR I spoke with to start my membership had no clue about this account offering, it's too new. She refered me to a Membership Services rep, who knew exactly what I was talking about and had answers to my questions. Try calling back and hitting '0' instead of "new membership" from the menu and see if that helps.

Sorry I didn't think to ask any of the questions you did, except that if the balance falls below $25K the interest rate is their regular rate (1.?%). Since I plan to put my app-o-rama 0% cash in this account, I wasn't concerned with falling below the minimum.

I am joining the CU through the Achievers Club. I joined both the CU and the Achievers Club in the same phone call. I am now waiting for the signature cards and detailed info in snail mail, which I will return with my opening deposit. I'll share more details once the paperwork arrives.

HappyGuy said:For those interested they have very competitve 0% down mortgage rates and a Vacant Land Loan program.

These rates do look good! I am signing up also. Thanks OP!

Wow, this is great. Thank you, OP.
Is this only a promotional rate or a more stable rate like ING & Capital one?

Considering all the trouble to open a new account & a possible hard inquery, I hope that I can enjoy this longer.

LFCU is federally insured by NCUA up to 100,000 according to the website. It's also rated 5* by Bauer Financial.
According to CSR, 25K is required to earn 4% APY, interest accumulates daily and starts as soon as check or ACH hits the account. If balance falls below 25K, current savings account rate applies which is currently 1.57. Somewhat peculiar is that this account will be converted to the Market Maximizer account on April 2006 and will earn whatever interest rate is applicable to that account at that time. There is no early closure fee so it's a good thing to enable the money to be withdraw once/if other banks exceed 4% APY.

Also, thought that there is a $5 fee initially for membership but CSR said that $5 is 'on retention' which is perhaps the same as initial deposit requirement which will be part of your deposit not the CU to keep. Requested paperwork to be sent yesterday, will see if anything new comes up from reading the fine print to verify what was told by this CSR. Interesting how CUs are competing with banks as this will be the 2nd 4% APY account with my deposits if I decide to go with it.

Edit to add that CSR also mentioned there is no check with this account, 6 withdrawals monthly. No problem or no need to open a LHCU checking account if you have a Capital One or any other accounts that can be linked without requiring a check so that ACHs can be initiated.

Thanks OP! They're sending me some info via snail mail.