Last Updated: 04/18/2025
EFCU Financial FCU Platinum Money Market Savings Account
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Last Updated: 04/18/2025
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Highlights
APY (Annual Percentage Yield)
1.00% - 3.56%(Verified 06/21/2024)
Minimum Balance to Earn APY
$2,500
Minimum Opening Deposit
$2,500
EFCU Financial FCU Platinum Money Market Savings Account Review
EFCU Financial FCU Platinum Money Market Savings Account is offered by EFCU Financial Federal Credit Union, a credit union founded in 1934 and based in Baton Rouge, LA. EFCU Financial FCU Platinum Money Market Savings 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 3.56%, which is much higher than the national average for a money market account. However, you must keep a minimum balance of $2500.00.
- No monthly maintenance fees. This account does not charge any monthly account fees.
- High minumum opening deposit. You must deposit a minimum of $2,500.00, which is high compared to most money market accounts.
Pros & Cons of EFCU Financial FCU Platinum Money Market Savings Account
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EFCU Financial FCU Platinum Money Market Savings Account FAQ
Are money market accounts from EFCU Financial Federal 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 EFCU Financial FCU Platinum Money Market Savings Account rates?
EFCU Financial FCU Platinum Money Market Savings Account offers an APY starting at 1.00% and ranging up to 3.56% (APY stands for annual percentage yield, rates may change). However, to earn interest you must keep a minimum balance of $2500.00.
| Rates | Amount |
| APY (Annualized Percentage Yield) | 1.00% - 3.56% |
What are the fees for EFCU Financial FCU Platinum Money Market Savings Account?
EFCU Financial FCU Platinum Money Market Savings Account does not charge a monthly maintenance fee.
| Description | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Monthly Service Fee | $0.00 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| NSF Fee | $25.00 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
What is the minimum balance for EFCU Financial FCU Platinum Money Market Savings Account?
Minimum deposit of $2,500.00. You must make an initial deposit of at least $2,500.00 to open this account.
Interest rate minimum balance of $2,500.00. You must keep the account balance above $2,500.00 to earn interest.
What features and perks does EFCU Financial FCU Platinum Money Market Savings Account offer?
This account includes the following features:
- Mobile Banking Services - EFCU Financial FCU Platinum Money Market Savings 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 (225) 214-6800.
What is the support contact email?
The support contact email for this business credit card is community@efcufinancial.org.
How to open an account with EFCU Financial Federal Credit Union
- Visit the EFCU Financial Federal 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
Sunday
Closed
Monday
8:30AM - 5:00PM
Tuesday
8:30AM - 5:00PM
Wednesday
8:30AM - 5:00PM
Thursday
8:30AM - 5:00PM
Friday
8:30AM - 5:00PM
Saturday
Closed