Last Updated: 04/18/2025
Schools First FCU Money Market Account
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Last Updated: 04/18/2025
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Highlights
APY (Annual Percentage Yield)
0.45% - 0.70%(Verified 06/21/2024)
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Minimum Balance to Earn APY
$2,000
Minimum Opening Deposit
Starting at $2,000
Schools First FCU Money Market Account Review
Schools First FCU Money Market Account is offered by Schools First Federal Credit Union, a credit union founded in 1934 and based in Santa Ana, CA. Schools First money market are available in 1 state.
Key Takeaways
- Very high annual percentage yield (APY). This account offers an annual percentage yield of up to 0.70%, which is much higher than the national average for a money market account. However, you must keep a minimum balance of $2000.
- No monthly maintenance fees. This account does not charge any monthly account fees.
- $2,000 minimum deposit. This is a typical minimum initial deposit, but there are accounts that require a smaller initial deposit.
Pros & Cons of Schools First FCU Money Market Account
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Schools First FCU Money Market Account FAQ
Are money market accounts from Schools First 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 Schools First money market rates?
Schools First money market offers an APY starting at 0.45% and ranging up to 0.70% (APY stands for annual percentage yield, rates may change). However, to earn interest you must keep a minimum balance of $2000.
| Rates | Amount |
| APY (Annualized Percentage Yield) | 0.45% - 0.70% |
What are the fees for Schools First FCU Money Market Account?
Schools First FCU Money Market Account does not charge a monthly maintenance fee.
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| Monthly Service Fee | $0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
What is the minimum balance for Schools First money market?
Minimum deposit of $2,000. You must make an initial deposit of at least $2,000 to open this account.
Interest rate minimum balance of $2,000. You must keep the account balance above $2,000 to earn interest.
What features and perks does Schools First money market offer?
This account includes the following features:
- Fraud monitoring - Schools First Federal Credit Union monitors transactions for potentially fraudulent activity.
What is the customer service phone number?
The customer service number for this account is (714) 258-4000.
What is the support contact email?
The support contact email for this business credit card is info@schoolsfirstfcu.org.
How to open an account with Schools First Federal Credit Union
- Visit the Schools First 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
9:00AM - 5:00PM
Tuesday
9:00AM - 5:00PM
Wednesday
9:00AM - 5:00PM
Thursday
9:00AM - 5:00PM
Friday
9:00AM - 6:00PM
Saturday
9:00AM - 2:00PM