Abbeville Building & Loan

Money Market
Deposit Account (MMDA)

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Save With A Higher Interest Rate

Abbeville Building & Loan offers offers a Money Market Deposit Account (MMDA) for customers who desire to have a higher interest rate but still have immediate access to their finances.

Money Market Deposit Account (MMDA)

  • Higher balances earn higher rates
  • Minimum balance to open is $500.00
  • If balance falls below $500.00 a $10.00 service charge fee will be assessed
  • Limited to 6 transactions in a statement cycle, any transaction over 6 will result in a $10.00 per item service charge fee
  • Free online banking

A Money Market Deposit Account (MMDA) offered by Abbeville Building & Loan is a type of savings account that provides customers with quick access to their funds at any time. The tiered interest rates for a money market demand account are typically higher than those of a traditional checking or savings account, making it a competitive option for customers looking to grow their savings while retaining access to their funds. Abbeville Building & Loan offers account options in Vermilion Parish and to all current customers.

Abbeville Building & Loan logo

Abbeville Building & Loan has been a trusted member of the community since 1890 as a mutual state-chartered savings bank in Vermilion Parish. We specialize in the origination and servicing of Owner-Occupied Residential Loans for a majority of the state of Louisiana, consisting of construction, refinance, and purchase loans. To better serve our community, we offer checking, savings, certificates of deposit, and Individual Retirement Accounts for our parish residents and current loan customers.

Contact Us

1212 Charity St
Abbeville, LA 70510