Last Updated: 04/18/2025
SIU Credit Union Business Custom Market Account
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Last Updated: 04/18/2025
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Highlights
APY (Annual Percentage Yield)
1.61% - 2.07%(Verified 06/21/2024)
Minimum Balance to Earn APY
$2,500
Minimum Opening Deposit
$2,500
SIU Credit Union Business Custom Market Account Review
SIU Credit Union Business Custom Market Account is offered by SIU Credit Union, a credit union founded in 1938 and based in Carbondale, IL. SIU Credit Union Business Custom Market Account are available in 50 states, 5 US territories, and Washington, DC.
Key Takeaways
- Very high annual percentage yield (APY). This account offers an annual percentage yield of up to 2.07%, 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 fee. Need to maintain a minimum balance of $2,500 to waive fee.
- 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 SIU Credit Union Business Custom Market Account
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SIU Credit Union Business Custom Market Account FAQ
Are money market accounts from SIU 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 SIU Credit Union Business Custom Market Account rates?
SIU Credit Union Business Custom Market Account offers an APY starting at 1.61% and ranging up to 2.07% (APY stands for annual percentage yield, rates may change). This is higher than the typical APY for online-only checking accounts, which is around 1% APY. However, to earn interest you must keep a minimum balance of $2500.00.
| Rates | Amount |
| APY (Annualized Percentage Yield) | 1.61% - 2.07% |
What are the fees for SIU Credit Union Business Custom Market Account?
This account charges a monthly maintenance fee of up to $10.00. You can avoid this fee by maintaining a balance of $2,500.00.| Description | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Monthly Service Fee | $10.00 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Paper Statement Fee | Starting at $2.00 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| NSF Fee | $10.00 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Bill Pay Fee (Standard Delivery) | $0.00 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
What is the minimum balance for SIU Credit Union Business Custom Market Account?
Minimum deposit of $2,500.00. You must make an initial deposit of at least $2,500.00 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 $2,500.00. You must keep the account balance above $2,500.00 to earn interest.
What features and perks does SIU Credit Union Business Custom Market Account offer?
This account includes the following features:
- Mobile Banking Services - SIU Credit Union Business Custom Market Account allows you to manage your money through online banking and a dedicated mobile app.
- Nationwide ATM network - SIU Credit Union Business Custom Market Account allows you to access your money from an ATM, a convenient feature only a few offer.
What is the customer service phone number?
The customer service number for this account is (618) 457-3595.
What is the support contact email?
The support contact email for this business credit card is feedback@siucu.org.
How to open an account with SIU Credit Union
- Visit the SIU 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 - 1:00PM