Advertiser Disclosure

Educators Credit Union IRA High Yield Money Market Account

in Money Market Accounts from Educators Credit Union · ncua

Unaffiliated

Educators Credit Union IRA High Yield Money Market Account

Unaffiliated

in Money Market Accounts from Educators Credit Union · Insured by NCUA

Not enough votes for recommendation

Highlights
APY (Annual Percentage Yield)	0.06% - 0.19%
APY Minimum Balance	$2,500
Minimum Opening Deposit	Starting at $25

Educators Credit Union IRA High Yield Money Market Account Review

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

Key Takeaways

Very high 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 Credit Union IRA High Yield Money Market Account

Pros	Cons
Available in all 50 states. Generous dividends. Does not offer mobile check deposits. Insured by NCUA. Access to physical branches. No charge on incoming domestic or international wire transfers.	No signup bonus. Does not provide a debit card. Not FDIC-insured. Monthly service charge.

Educators Credit Union IRA High Yield Money Market Account FAQ

Are money market accounts from Educators Credit Union federally insured?

Yes, your Educators Credit Union 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 Credit Union IRA High Yield Money Market Account rates?

Educators Credit Union 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.

Educators Credit Union IRA High Yield Money Market Account Rates and Terms
Rates	Amount
APY (Annualized Percentage Yield)	0.06% - 0.19%

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

This account charges a monthly maintenance fee of up to $10. You can avoid this fee by maintaining a balance of $1,000.

Educators Credit Union IRA High Yield Money Market Account Fees
Fees	Amount
Monthly Fee	up to $10
Paper Statement Fee	N/A

What is the minimum balance for Educators Credit Union 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 Credit Union 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 Credit Union IRA High Yield Money Market Account allows you to manage your money through online banking and a dedicated mobile app.

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.

SuperMoney Disclosure: SuperMoney.com is an independent, advertising-supported service. The owner of this website may be compensated in exchange for featured placement of certain sponsored products and services, or your clicking on links posted on this website. Read more...

Editorial Disclaimer: Editorial and user-generated content on this page is not provided or commissioned by the issuer. Opinions expressed here are the author’s alone and have not been approved or otherwise endorsed by any financial institution, including those that are advertising partners.