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Last Updated: 07/11/2025

State Employees' Credit Union Summer Cash Account

from State Employees Credit Union

Last Updated: 07/11/2025

Rating not yet determined1 total votes

1 users recommend

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Highlights

APY (Annual Percentage Yield)

5.60%(Verified 06/21/2024)

Minimum Opening Deposit

Minimum Balance to Earn APY

State Employees' Credit Union Summer Cash Account Review

State Employees' Credit Union Summer Cash Account is offered by State Employees Credit Union, a credit union founded in 1937 and based in Raleigh, NC. State Employees' Credit Union Summer Cash Account are available in 50 states and Washington, DC.

Key Takeaways

High yield savings. This account offers an annual percentage yield of up to 5.60%, which is much higher than the average interest rate for a savings account.
No monthly maintenance fees. This account does not charge any monthly account fees.
No minimum initial deposit. There is no minimum balance required to open an account online.

State Employees' Credit Union Summer Cash Account Pros & Cons

Pros

Cons

Available in 50 states and Washington, DC.
High yield APY .
Insured by NCUA.
Access to physical branches.
No charge on incoming domestic or international wire transfers.

Does not offer mobile check deposits.
Does not provide access to a nationwide ATM network.
Does not come with a debit card
No signup bonus.

State Employees' Credit Union Summer Cash Account FAQ

Are savings accounts from State Employees Credit Union federally insured?

Yes, your savings 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.

Does State Employees Credit Union offer a signup bonus?

State Employees' Credit Union Summer Cash Account doesn't offer a signup bonus.

What is the minimum initial deposit for State Employees' Credit Union Summer Cash Account?

There is no minimum deposit to open a State Employees' Credit Union Summer Cash Account.

State Employees' Credit Union Summer Cash Account Minimums

Description

Minimum Average Balance to Avoid Monthly Service Fee

Minimum Balance to Earn APY

Minimum Opening Deposit

Minimum Required Balance

What APY does State Employees' Credit Union Summer Cash Account offer?

State Employees' Credit Union Summer Cash Account offers an APY of 5.60% (APY stands for annual percentage yield, rates may change). This is much higher than the average savings account rate.

The interest rate on a savings account or checking account can change based, in part, on what the Federal Reserve does. Note that the APY of a savings account is the amount of interest you will earn if you keep your money in the account for a full year expressed as a percentage. The difference between an APY and an interest rate is that the APY takes into account how often your money earns interest (or compounds). The more often your money compounds, the more it will earn. Savings accounts with an interest rate that compounds daily, for example, will earn a higher return (and therefore a higher APY) than savings accounts that compound annually.

What fees does State Employees' Credit Union Summer Cash Account charge?

State Employees' Credit Union Summer Cash Account does not charge a monthly service fee. See the fee breakdown section below to view all fees.

Outgoing domestic bank transfers come with a $10 fee.
Outgoing international bank transfers come with a $25 fee. You can save a ton of money in fees if you use use a nonbank money transfer service.
State Employees' Credit Union Summer Cash Account charges $1 every time you request a paper statement.

What features and perks does State Employees' Credit Union Summer Cash Account offer?

This savings account includes the following features:

Can you set up a direct deposit to State Employees' Credit Union Summer Cash Account?

Yes, you can typically set up a direct deposit to this account. However, it depends on the direct deposit program your employer uses. Most direct deposit programs allow you to send your paycheck to a savings or checking account. In some cases, you can even split your paycheck between the two.

What is the customer support email for State Employees' Credit Union Summer Cash Account?

The customer support email for State Employees' Credit Union Summer Cash Account is info@ncsecu.org.

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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

(888) 732-8562

Visit Site

Email Support

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

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SuperMoney Net Recommendation Score

Not enough SuperMoney users have reviewed this product to provide a recommendation score or rating.

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The recommendation score reflects customer satisfaction with a provider. A score of +100 means every customer recommends the provider, while -100 means none of them do. These scores are based entirely on community member votes and are not influenced by partner compensation. SuperMoney removes fake reviews when detected.

State Employees' Credit Union Summer Cash Account Community Reviews

Would you recommend State Employees' Credit Union Summer Cash Account to your friends?

Dylan C.

Oct 31, 2023

May or may not recommend

I could not be more satisfied with this savings account than I am right now! Not only am I making enough money, but that money is able to grow and expand to help fund a lifestyle I never thought I could get. I could not recommend State Employees' Credit Union Summer Cash Account Savings Accounts more!

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