Last Updated: 04/18/2025
Nassau Financial FCU Saver's Edge Money Market Account
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Last Updated: 04/18/2025
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Highlights
APY (Annual Percentage Yield)
0.05% - 0.15%(Verified 06/21/2024)
Minimum Balance to Earn APY
$5,000
Minimum Opening Deposit
$5,000
Nassau Financial FCU Saver's Edge Money Market Account Review
Nassau Financial FCU Saver's Edge Money Market Account is offered by Nassau Financial Federal Credit Union, a credit union founded in 1936 and based in East Meadow, NY. Nassau Financial FCU Saver's Edge 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 0.15%, which is much higher than the national average for a money market account. However, you must keep a minimum balance of $5000.00.
- Waivable monthly maintenance fee. You must maintain a minimum average daily balance of $2,500.00 in your account to avoid a minimum balance requirement fee.
- High minumum opening deposit. You must deposit a minimum of $5,000.00, which is high compared to most money market accounts.
Pros & Cons of Nassau Financial FCU Saver's Edge Money Market Account
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Nassau Financial FCU Saver's Edge Money Market Account FAQ
Are money market accounts from Nassau 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 Nassau Financial FCU Saver's Edge Money Market Account rates?
Nassau Financial FCU Saver's Edge Money Market Account offers an APY starting at 0.05% and ranging up to 0.15% (APY stands for annual percentage yield, rates may change). However, to earn interest you must keep a minimum balance of $5000.00.
| Rates | Amount |
| APY (Annualized Percentage Yield) | 0.05% - 0.15% |
What are the fees for Nassau Financial FCU Saver's Edge Money Market Account?
This account charges a monthly maintenance fee of up to $5.00. You can avoid this fee by maintaining a balance of $2,500.00.| Description | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Monthly Maintenance Fee | $5.00 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Paper Statement Fee | Starting at $5.00 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Monthly Maintenance Waiver Requirements | You must maintain a minimum average daily balance of $2,500.00 in your account to avoid a minimum balance requirement fee. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Bill Pay Fee (Standard Delivery) | $0.00 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
What is the minimum balance for Nassau Financial FCU Saver's Edge Money Market Account?
Minimum deposit of $5,000.00. You must make an initial deposit of at least $5,000.00 to open this account.
Monthly maintenance fee waiver. You can avoid the monthly fee if you keep a balance of $2,500.00.
Interest rate minimum balance of $5,000.00. You must keep the account balance above $5,000.00 to earn interest.
What features and perks does Nassau Financial FCU Saver's Edge Money Market Account offer?
This account includes the following features:
What is the customer service phone number?
The customer service number for this account is (516) 742-4900.
What is the support contact email?
The support contact email for this business credit card is ealerts@nassaufinancial.org.
How to open an account with Nassau Financial Federal Credit Union
- Visit the Nassau 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
SundayClosedMonday9:00AM - 5:00PMTuesday9:00AM - 5:00PMWednesday9:00AM - 5:00PMThursday9:00AM - 5:00PMFriday9:00AM - 6:00PMSaturday9:00AM - 1:00PM
Other Services by Nassau Financial Federal Credit Union
Other Money Market Accounts from Nassau Financial Federal Credit Union
Rating not yet determined
APY (Annual Percentage Yield)
0.01%
Disclaimer popup with additional information
Minimum Balance to Earn APY
$5,000
Minimum Opening Deposit
$2,500
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