<%@ EnableSessionState=false %> <% ' ==================================================================================== ' Library: Global ' Project: LaCorp ' Programmers: Trevor Lohrbeer ' ' Description: Contains general functions ' ==================================================================================== ' ==================================================================================== ' GLOBAL VARIABLES ' ==================================================================================== ' ------------------------------- ' File Location Constants ' ------------------------------- Dim HomeDir HomeDir = Request.ServerVariables("APPL_PHYSICAL_PATH") ' ------------------------------- ' Database Connection String ' ------------------------------- Dim DBConnection ' DBConnection = "Driver={Microsoft Access Driver (*.mdb)};DBQ=" & HomeDir & "\LaCorp.mdb" DBConnection = "Driver={Microsoft Access Driver (*.mdb)};DBQ=" & HomeDir & "\data\LaCorp.mdb" ' ------------------------------- ' Database Constants ' ------------------------------- Const adOpenKeyset = 1 Const adOpenStatic = 3 Const adLockOptimistic = 3 Const adCmdTable = 2 ' ------------------------------- ' Other Constants ' ------------------------------- ' 5/22/03 R.Pride - Increased number of rates from 10 to 15 ' 10/20/03 R.Pride - Increaded number of rates per group to 25 ' Const NUM_RATES_PER_RATEGROUP = 25 ' Number of rates that can be created per rate group ' ------------------------------- ' Global Variables ' ------------------------------- Dim ErrorMessage ErrorMessage = "" ' ==================================================================================== ' FORMATTING FUNCTIONS ' ==================================================================================== ' ------------------------------------------------------------------------------------ ' ConvertToHtml ' ' Converts a text field to HTML by converting all end-of-line delimiters to the ' appropriate HTML tags. ' Function ConvertToHtml(inText) inText = Replace(inText, VbCrLf & VbCrLf, "

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" End If End Sub ' ------------------------------------------------------------------------------------ ' AddErrorMessage ' ' Adds an error message to the ErrorMessage string ' Sub AddErrorMessage(message) ErrorMessage = ErrorMessage & message End Sub %> <% ' -------------------------------- OUTPUT -------------------------------------- %> Template Page Louisiana Corporate

S-005 Money Market Maximizer

Louisiana Corporate offers one of the highest yields on overnight funds to credit unions who wish to manage their money.  It's called the S-005 account, or Money Market Maximizer.  This account is an overnight account, so the credit union has total use of their funds.   While there are no restrictions on how many times this account may be accessed each month, all funds must be locked in by 1:00 p.m. each business day to earn the S-005 rate.
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What kind of rate can you earn with the S-005?  Generally, the account mirrors the Fed Fund target rate for the day, which means the S-005 is among the best-paying overnight funds available.   In 1997, for instance, the S-005 paid an average of several basis points higher than similar accounts offered by a large corporate credit union and 10 basis points higher than the "cash management" account of a large Louisiana bank.  Unlike high-yield accounts offered by other institutions, there is no "tiered" pricing on the S-005 Money Market Maximizer...every dollar you invest earns the highest rate available.  Period.
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The S-005 account is a perfect complement to the credit union's S-010 or S-015 accounts.  Think of those accounts as "checking" accounts, with the S-005 as a high-yield "savings" account.
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Earning the best yield possible is easy...any Louisiana Corporate staff member can set up the account.  There is no charge to open a Money Market Maximizer account.
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