Last Updated: 04/18/2025
Educators Credit Union Premium Money Market Account
Unaffiliated
Last Updated: 04/18/2025
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Highlights
APY (Annual Percentage Yield)
0.06% - 0.19%(Verified 06/21/2024)
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Minimum Balance to Earn APY
$10,000
Minimum Opening Deposit
Starting at $10,000
Educators Credit Union Premium Money Market Account Review
Educators Credit Union Premium Money Market Account is offered by Educators Credit Union, a credit union founded in 1937 and based in Racine, WI. Educators Credit Union Premium 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 $10000.
- Charges a monthly fee. This account charges a monthly fee of up to $10, but the fee may be waived if you keep a minimum balance of$10,000.
- High minumum opening 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 Account
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Educators Credit Union Premium 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 Credit Union Premium Money Market Account rates?
Educators Credit Union Premium 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 $10000.
| Rates | Amount |
| APY (Annualized Percentage Yield) | 0.06% - 0.19% |
What are the fees for Educators Credit Union Premium Money Market Account?
This account charges a monthly maintenance fee of up to $10. You can avoid this fee by maintaining a balance of $10,000.| Description | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Monthly Maintenance Fee | $0 - $10 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
What is the minimum balance for Educators Credit Union Premium Money Market Account?
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.
Interest rate minimum balance of $10,000. You must keep the account balance above $10,000 to earn interest.
What features and perks does Educators Credit Union Premium Money Market Account offer?
This account includes the following features:
- Fraud monitoring - Educators Credit Union monitors transactions for potentially fraudulent activity.
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.
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Hours of Operation
SundayClosedMonday9:00AM - 6:00PMTuesday9:00AM - 6:00PMWednesday9:00AM - 6:00PMThursday9:00AM - 6:00PMFriday9:00AM - 6:00PMSaturday8:00AM - 1:00PM
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Other Money Market Accounts from Educators Credit Union
Rating not yet determined
APY (Annual Percentage Yield)
N/A
Minimum Balance to Earn APY
N/A
Minimum Opening Deposit
Starting at $1K
Rating not yet determined
APY (Annual Percentage Yield)
N/A
Minimum Balance to Earn APY
N/A
Minimum Opening Deposit
Starting at $10K
Rating not yet determined
APY (Annual Percentage Yield)
0.06% - 0.19%
Disclaimer popup with additional information
Minimum Balance to Earn APY
$2.5K
Minimum Opening Deposit
Starting at $25
SuperMoney Net Recommendation Score
Not enough SuperMoney users have reviewed this product to provide a recommendation score or rating.
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Educators Credit Union Premium Money Market Account Community Reviews
Would you recommend Educators Credit Union Premium Money Market Account to your friends?
AW
Amy W.
Dec 20, 2020
May or may not recommend
When I left my old job, I rolled my 401k into an IRA at Educators Credit Union. They were very pleasant on the phone. I had expressed to them my thoughts on cashing the money out and they recommended I take out a loan before quitting my job. That way I was able to take some of the money out, before rolling over the balance. When the loan "defaults", you ...Show More
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