SuperMoney
  State Employees Credit Union Money Market Account

State Employees Credit Union Money Market Account

in Money Market Accounts from State Employees Credit Union · Member ncua

Unaffiliated

State Employees Credit Union Money Market Account

Unaffiliated

in Money Market Accounts from State Employees Credit Union · Member NCUSIF

Not enough votes for recommendation

Not enough votes for recommendation

Cast your vote

Would you recommend State Employees Credit Union Money Market Account to your friends?

Thanks for your vote!

You voted: May or may not recommend

Highlights
APY (Annual Percentage Yield) 0.15%
APY Minimum Balance $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 Account is available in 1 state across the USA.

Key Takeaways
  • Very high APY. This account offers an annual percentage yield of up to 0.15%, 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 service fee of up to $2, but the fee is 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
Pros Cons
  • High-interest yield.
  • Does not offer mobile check deposits.
  • Deposits are insured by the NCUA (up to $250K).
  • No charge on incoming domestic or international wire transfers.
  • No signup bonus.
  • Does not provide a debit card or ATM access to your money.
  • Not FDIC-insured.
  • Only available in one state.
  • Monthly service charge.
State Employees Credit Union Money Market Account FAQ

Are money market accounts from State Employees Credit Union federally insured?

Yes, your State Employees Credit Union money market accounts are insured up to $250,000 per person by the National Credit Union Share Insurance Fund (NCUSIF). Individual Retirement Accounts (IRA) are insured separately up to $250,000. 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 interest rates for State Employees Credit Union Money Market Account rates?

State Employees Credit Union Money Market Account Rates and Terms
Rates Amount
APY 0.15%

State Employees Credit Union Money Market Account 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.
State Employees Credit Union Money Market Account Fees
Fees Amount
Monthly Fee up to $2
Paper Statement Fee N/A
Excess Transaction Fee $0

What is the minimum balance for State Employees Credit Union Money Market Account?

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 Account 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 Account allows you to manage your money through online banking and a dedicated mobile app.

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.
SuperMoney Disclosure: SuperMoney.com is an independent, advertising-supported service. The owner of this website may be compensated in exchange for featured placement of certain sponsored products and services, or your clicking on links posted on this website. Read more...
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.

Contact

  • Headquarters
  •   1000 Wade Ave
    Raleigh, NC 27605
  •   Visit Site

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

Other Services by State Employees Credit Union

Availability

  Available in 1 state
North Carolina
Availabile in all of North Carolina

Feature Breakdown

APY Minimum Balance $250
Minimum Balance to Avoid Monthly Fee $250
Minimum Opening Deposit Starting at $250
Monthly Fee $0 - $2
Bank Account Features
  • Interest Bearing Account
  • Mobile Banking
  • Fraud Monitoring
  • Fraud Protection
  • NCUA Member
APY (Annual Percentage Yield) 0.15%
Dividend Compounding Frequency Daily
Dividend Payout Frequency Monthly
Dividend Rate 0.15%

Be the first to rate

 

Would you recommend State Employees Credit Union Money Market Account to your friends?

Before we publish your vote:

Please explain your vote by sharing your experience.

Writing a review increases the credibility of your vote and helps your fellow users make a better-informed decision.

Please write a review to submit your vote
Cancel my vote
(will require moderator approval)