Educators Credit Union will be closed on Monday, Oct. 14, for an all-staff training.
Online Banking, Mobile Banking, Ctrl, ASK EVA and our other digital services will still be available to assist you with your account.
Thank you for your understanding.

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.

4 thoughts on “Educators launches a new Money Market account

  1. is this better than the high yield money market we already have at Educator’s?

    1. Hi William. The Premium Money Market’s rate is better than the rate for the high yield money market account; however, your balance is not able to drop below the $10,000 minimum. Otherwise, it switches back to a traditional High Yield Money Market account.

  2. I would like to know if an account automatically becomes a Premium Money Market account once it goes over $10,000. I have an account like that but it was not opened as a “Premium” account. Can you let me know if it is?

    1. Thanks for the question, Jonnie! Unfortunately, you would have to open up a new share for the Premium Money Marketing account rate.

Leave a Reply

Your email address will not be published. Required fields are marked *