Educators CU IRA High Yield Money Market Account

Educators CU IRA High Yield Money Market Account Review

Educators CU IRA High Yield Money Market Account is offered by Educators Credit Union, a credit union founded in 1937 and based in Racine, WI. Educators CU IRA High Yield Money Market Account are available in 50 states (and Washington, DC).

Key Takeaways

• Very high annual percentage yield (APY). This account offers an annual percentage yield of up to 0.19%, which is much higher than the national average for a money market account. However, you must keep a minimum balance of $2500.
• Charges a monthly fee. This account charges a monthly service fee of up to $10, but the fee is waived if you keep a minimum balance of $1,000.
• Small minimum initial deposit. You only need $25 to open an account.

Pros & Cons of Educators CU IRA High Yield Money Market Account

Educators CU IRA High Yield Money Market Account FAQ

Are money market accounts from Educators Credit Union federally insured?

Yes, your money market accounts are insured up to $250,000 per share owner for each account ownership category. The National Credit Union Administration (NCUA), a federal agency, administers the insurance fund and regulates federally insured credit unions. The fund is backed by the full faith and credit of the U.S. Government.

What are the dividends for Educators CU IRA High Yield Money Market Account rates?

Educators CU IRA High Yield Money Market Account offers an APY starting at 0.06% and ranging up to 0.19% (APY stands for annual percentage yield, rates may change). However, to earn interest you must keep a minimum balance of $2500.

What are the fees for Educators CU IRA High Yield Money Market Account?

What is the minimum balance for Educators CU IRA High Yield Money Market Account?

Minimum deposit of $25. You must make an initial deposit of at least $25 to open this account.

Monthly maintenance fee waiver. You can avoid the monthly fee if you keep a balance of $1,000.

Interest rate minimum balance of $2,500. You must keep the account balance above $2,500 to earn interest.

What features and perks does Educators CU IRA High Yield Money Market Account offer?

This account includes the following features:

• Fraud monitoring - Educators Credit Union monitors transactions for potentially fraudulent activity.
• Mobile Banking Services - Educators CU IRA High Yield Money Market Account allows you to manage your money through online banking and a dedicated mobile app.

What is the customer service phone number?

The customer service number for this account is .

What is the support contact email?

The support contact email for this business credit card is amortgageofficer@ecu.com.

How to open an account with Educators Credit Union

• Visit the Educators Credit Union website.
• Fill in the application form. You will typically need to provide general financial information, such as your name, Social Security Number and address.
• Check the information is accurate and submit your application.