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  Educators Credit Union Premium Money Market

Educators Credit Union Premium Money Market

in Money Market Accounts from Educators Credit Union · ncua

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Educators Credit Union Premium Money Market

Unaffiliated

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

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Highlights
APY (Annual Percentage Yield) N/A
APY Minimum Balance N/A
Minimum Opening Deposit Starting at $10,000

Educators Credit Union Premium Money Market Review

Educators Credit Union Premium Money Market is offered by Educators Credit Union, a credit union founded in 1937 and based in Racine, WI. Educators Credit Union Premium Money Market is available in 1 state across the USA.

Key Takeaways
  • No APY minimum balance. There is no minimum amount you have to deposit to start earning dividends with this money market account.
  • 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 $10,000.
  • High minumum deposit. You must deposit a minimum of $10,000, which is high compared to most money market accounts.
Pros & Cons of Educators Credit Union Premium Money Market
Pros Cons
  • 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.
  • Only available in one state.
  • Monthly service charge.
Educators Credit Union Premium Money Market 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 Premium Money Market rates?

What are the fees for Educators Credit Union Premium Money Market?

This account charges a monthly maintenance fee of up to $10. You can avoid this fee by maintaining a balance of $10,000.
Educators Credit Union Premium Money Market Fees
Fees Amount
Monthly Fee up to $10
Paper Statement Fee N/A

What is the minimum balance for Educators Credit Union Premium Money Market?

Minimum deposit of $10,000. You must make an initial deposit of at least $10,000 to open this account.

Monthly maintenance fee waiver. You can avoid the monthly fee if you keep a balance of $10,000.

What features and perks does Educators Credit Union Premium Money Market offer?

This account includes the following features:

  • Fraud monitoring - Educators Credit Union monitors transactions for potentially fraudulent activity.

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.
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Availability

  Available in 1 state
Wisconsin
Availabile in all of Wisconsin

Feature Breakdown

Minimum Balance to Avoid Monthly Fee Starting at $10,000
Minimum Opening Deposit Starting at $10,000
Monthly Fee $0 - $10
Account Features
  • Branch Access
  • Insured by NCUA
  • Fraud Monitoring
  • Interest Bearing Account

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