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  ESL Federal Credit Union Money Market Account

ESL Federal Credit Union Money Market Account

in Money Market Accounts from ESL Federal Credit Union · ncua

Unaffiliated

ESL Federal Credit Union Money Market Account

Unaffiliated

in Money Market Accounts from ESL Federal Credit Union · Insured by NCUA

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Highlights
APY (Annual Percentage Yield) 0.05% - 0.5%
APY Minimum Balance $1
Minimum Opening Deposit Starting at $2,500

ESL Federal Credit Union Money Market Account Review

ESL Federal Credit Union Money Market Account is offered by ESL Federal Credit Union, a credit union founded in 1920 and based in Rochester, NY. ESL Federal Credit Union Money Market Account is available in 1 state across the USA.

Key Takeaways
  • Very high APY. This account offers an annual percentage yield of up to 0.5%, which is much higher than the national average for a money market account.However, you must keep a minimum balance of $1.
  • $0 monthly fee. This account does not charge a monthly Service Charge.
  • High minumum deposit. You must deposit a minimum of $2,500, which is high compared to most money market accounts.
Pros & Cons of ESL Federal Credit Union Money Market Account
Pros Cons
  • Generous dividends.
  • Does not offer mobile check deposits.
  • Insured by NCUA.
  • Access to physical branches.
  • Free debit card
  • No charge on incoming domestic or international wire transfers.
  • No signup bonus.
  • Not FDIC-insured.
  • Only available in one state.
ESL Federal Credit Union Money Market Account FAQ

Are money market accounts from ESL Federal Credit Union federally insured?

Yes, your ESL Federal 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 ESL money market account rates?

ESL money market account offers an APY starting at 0.05% and ranging up to 0.5% (APY stands for annual percentage yield, rates may change). However, to earn interest you must keep a minimum balance of $1.

ESL money market account Rates and Terms
Rates Amount
APY (Annualized Percentage Yield) 0.05% - 0.5%

What are the fees for ESL Federal Credit Union Money Market Account?

ESL Federal Credit Union Money Market Account does not charge a monthly maintenance fee.

ESL Federal Credit Union Money Market Account Fees
Fees Amount
Monthly Fee $0
Paper Statement Fee N/A

What is the minimum balance for ESL money market account?

Minimum deposit of $2,500. You must make an initial deposit of at least $2,500 to open this account.

Interest rate minimum balance of $1. You must keep the account balance above $1 to earn interest.

What features and perks does ESL money market account offer?

This account includes the following features:

  • Check Writing - ESL money market account includes check writing privileges. This is convenient method to pay bills and transfer money from your account.
  • Fraud monitoring - ESL Federal Credit Union monitors transactions for potentially fraudulent activity.
  • Mobile Banking Services - ESL 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 business card is (800) 848-2265.

What is the support contact email?

The support contact email for this business credit card is socialmedia@esl.org.

How to open an account with ESL Federal Credit Union

  • Visit the ESL 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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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.

Availability

  Available in 1 state
New York
Availabile in all of New York

Feature Breakdown

APY Minimum Balance $1
Minimum Balance to Avoid Monthly Fee Starting at $0
Minimum Opening Deposit Starting at $2,500
Monthly Fee $0
NSF Fee 25
Account Features
  • No Monthly Maintenance Fee
  • Interest Bearing Account
  • Mobile Banking
  • Fraud Monitoring
  • Fraud Protection
  • Debit Card
  • Insured by NCUA
  • Branch Access
  • Check Writing
APY (Annual Percentage Yield) 0.05% - 0.5%
Dividend Payout Frequency Monthly
Dividend Rate 0.05% - 0.49%

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