Educators launches a new Money Market account
Educators Credit Union has a great new opportunity for members to get a higher interest rate on their savings! Introducing Educators Premium Money Market and IRA Premium Money Market accounts.
Here’s how it works:
- Open a Premium Money Market share with a $10,000 deposit1.
- Increase the APY2 as you increase the balance. The Money Market rates are tied to the Federal Open Market rates3. See the current rates and tiers at ecu.com/rates under Savings.
- Access your Premium Money Market share at any time.
Open a Premium Money Market Account at any Educators branch or by calling 262.886.5900.
1For Premium Money Market the minimum to open account is $10,000.
2APY = Annual Percentage Yield. Rates will not change until the next tier is reached (ex. balance of $10,000 to $99,999.99 will have a rate of 0.44% APY). Rates are subject to change after the account is opened.
3The Premium Money Market APY is tied to the federal fund rate set by the Federal Open Market Committee (FOMC). Movement of the federal fund rate will move the Premium Money Market APY. This will be reflected beginning the first day of the following month of the movement.
Points for Perks cannot be used to increase the rates on the Premium Money Market accounts.