Last Updated: 04/18/2025
State Employees Credit Union Money Market Account
Unaffiliated
Last Updated: 04/18/2025
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Highlights
APY (Annual Percentage Yield)
0.15%(Verified 06/21/2024)
Disclaimer popup with additional information
Minimum Balance to Earn APY
$250
Minimum Opening Deposit
Starting at $250
State Employees Credit Union Money Market Account Review
State Employees Credit Union Money Market Account is offered by State Employees Credit Union, a credit union founded in 1937 and based in Raleigh, NC. State Employees Credit Union 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 0.15%, which is much higher than the national average for a money market account. However, you must keep a minimum balance of $250.
- Charges a monthly fee. This account charges a monthly fee of up to $2, but the fee may be waived if you keep a minimum balance of$250.
- $250 minimum deposit. This is a typical minimum initial deposit, but there are accounts that require a smaller initial deposit.
Pros & Cons of State Employees Credit Union Money Market Account
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State Employees Credit Union Money Market Account FAQ
Are money market accounts from State Employees 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 State Employees Credit Union money market rates?
| Rates | Amount |
| APY | 0.15% |
State Employees Credit Union money market offers an APY of up to 0.15% (APY stands for annual percentage yield, rates may change).However, to earn interest you must keep a balance of $250.
What are the fees for State Employees Credit Union Money Market Account?
This account charges a monthly maintenance fee of up to $2. You can avoid this fee by maintaining a balance of $250.| Description | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Monthly Service Fee | $0 - $2 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
What is the minimum balance for State Employees Credit Union money market?
Minimum deposit of $250. You must make an initial deposit of at least $250 to open this account.
Monthly maintenance fee waiver. You can avoid the monthly fee if you keep a balance of $250.
Interest rate minimum balance of $250. You must keep the account balance above $250 to earn interest.
What features and perks does State Employees Credit Union money market offer?
This account includes the following features:
- Fraud monitoring - State Employees Credit Union monitors transactions for potentially fraudulent activity.
- Mobile Banking Services - State Employees Credit Union money market 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 (888) 732-8562.
What is the support contact email?
The support contact email for this business credit card is info@ncsecu.org.
How to open an account with State Employees Credit Union
- Visit the State Employees 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 - 5:30PM
Tuesday
8:30AM - 5:30PM
Wednesday
8:30AM - 5:30PM
Thursday
8:30AM - 5:30PM
Friday
8:30AM - 5:30PM
Saturday
Closed