Personal Savings
Savings accounts that meet your needs.
Savings accounts with convenient benefits
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Member-Owner Status
With just $5 in your Prime Share Savings account, you become a member-owner of Educators Credit Union.
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Low or No Minimum Balance
Most savings accounts have a minimum balance requirement of $5 or less.
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Direct Deposits
Start receiving interest on your earnings as soon as possible by using direct deposit.
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Competitive Rates
Our savings accounts are designed to benefit you. Receive returns on your money with most Educators savings accounts.
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24/7 Access
Online Banking and Mobile Banking give you the power to manage your account on your time. Check your balance, make deposits with FlashCash and more.
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eStatements & E-Alerts
Get your statement emailed to you quarterly and set up e-alerts with Mobile Banking.
Compare Your Options
All accounts are equipped with 24/7 access, there is no limit to the number of withdrawals, and direct deposit is available.
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Types of Savings Accounts and Add-Ons
Prime Share Savings Account
A Prime Share Savings account is your ticket to being a member-owner with Educators. Your $5 deposit represents one share (and your ownership) in the credit union. You’ll now be able to use all of Educators’ services! Interest is earned on the Prime Share Savings account when your balance is $100 or more.
Open an account online or click on the Educators Connect Cam™ pop-up on the right of this page to have a video meeting with our staff.
Change Up® Savings Account1
Change Up® the way you save money!
When you make non-PIN “credit” purchases with your debit card, we’ll round up the purchase to the next dollar, and save it for you!
Here’s how it works:
- Let’s say you spend $14.25 on lunch.
- Your purchase will be rounded up to $15.
- $.75 will be automatically saved in your Change Up® Savings.
Call (262) 886-5900 or use Educators Connect Cam™ to open your Change Up® Savings account.
1Must have a checking account and be signed up for eStatements to open a Change Up® Savings account.
Student Savings
If you are 18 or younger, you can start saving through an account with us. If you are under 13, you can open a savings account with an adult.
Call (262) 886-5900 or use Educators Connect Cam™ to get started.
Health Savings Account
A health savings account (HSA) is a savings account that can be used to cover qualified medical expenses, like deductibles, copayments, dental or vision costs, and prescriptions.
Our HSA offers a competitive rate with no minimum balance or annual fee, except the initial $25 set-up fee. Once you open your HSA account, you can visit any branch and have your card instantly printed or you can receive it by mail. You can keep the account even if you switch jobs, change your medical coverage or become unemployed.
Call (262) 886-5900 or use Educators Connect Cam™ to open your account.
Special and Club Savings Accounts
Special savings accounts can be set up for any purpose. No minimum balance is required and interest is earned when the balance in the account is $100 or more. You can open a Holiday, Summer Pay or Vacation Club Account, or create and name a special savings account.
Call (262) 886-5900 or use Educators Connect Cam™ to get started to ask a Member Finance Representative for more information on these options.
Share Certificate Add-On Options
Some of the Educators Share Certificates have Add-on options. The Add-on option allows you to add to the value of your Share Certificate by depositing a minimum of $500 to your Share Certificate at any time. The new money you add starts earning dividends the same day you make the deposit.
Rates
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Savings Type |
Dividend Rate |
APY1 |
Minimum |
|---|---|---|---|
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1APY = Annual Percentage Yield. Rates are effective as of 05/01/2024. Ready to open your Prime Share Savings? Apply now through Connect Cam™, our online application, or schedule an appointment. Ready to open your Change Up® Savings? Apply now through Connect Cam™, chat, our online application, phone call, or schedule an appointment. Ready to open your HSA? Apply now through Connect Cam™ or schedule an appointment. Ready to open your Special & Club Savings? Apply now through Connect Cam™, chat, phone call, schedule an appointment, or Quick Apply directly in Online and Mobile Banking if you’re an existing member. Ready to open your Saver’s Sweepstakes? Apply now through Connect Cam™, chat, phone call, schedule an appointment, or Quick Apply directly in Online and Mobile Banking if you’re an existing member. |
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Savings Type Prime Share Savings |
Dividend Rate 0.06% |
APY1 0.06% |
Minimum $100 |
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Savings Type Change Up® Savings |
Dividend Rate 0.51% |
APY1 0.51% |
Minimum $0 |
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Savings Type HSA3 (Health Savings Account) |
Dividend Rate 0.76% |
APY1 0.76% |
Minimum $100 |
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Savings Type Special & Club Savings Accounts |
Dividend Rate 0.06% |
APY1 0.06% |
Minimum $100 |
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Savings Type Saver’s Sweepstakes®2 |
Dividend Rate 0.20% |
APY1 0.20% |
Minimum $0 |
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Type |
Dividend Rate2 |
APY1 |
|---|---|---|
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1APY = Annual Percentage Yield. Rates are effective as of 12/01/2024. Ready to open your Share Certificate? non-IRA: Apply now through Connect Cam™, our online application, chat, phone call, schedule an appointment, or Quick Apply directly in Online and Mobile Banking if you’re an existing member. IRA: Apply now through Connect Cam™, phone call, or schedule an appointment. |
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Type 91 Days |
Dividend Rate2 1.788% |
APY1 1.80% |
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Type 182 Days |
Dividend Rate2 1.887% |
APY1 1.90% |
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Type 275 Days (Add-on) |
Dividend Rate2 1.936% |
APY1 1.95% |
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Type 1 Year |
Dividend Rate2 2.231% |
APY1 2.25% |
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Type 18 Months |
Dividend Rate2 2.329% |
APY1 2.35% |
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Type 2 Years |
Dividend Rate2 2.575% |
APY1 2.60% |
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Type 30 Months (Add-on) |
Dividend Rate2 2.624% |
APY1 2.65% |
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Type 3 Years |
Dividend Rate2 2.722% |
APY1 2.75% |
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Type 4 Years |
Dividend Rate2 2.820% |
APY1 2.85% |
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Type 5 Years |
Dividend Rate2 2.967% |
APY1 3.00% |
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Type 7 Month CD Special |
Dividend Rate2 4.038% |
APY1 4.10% |
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Type |
Dividend Rate |
APY1 |
Minimum |
|---|---|---|---|
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1APY = Annual Percentage Yield. Rates are effective as of 10/01/2024. Fees may reduce earnings. Minimum amount is minimum account balance to earn interest. Ready to open your Premium Money Market? non-IRA: Apply now through Connect Cam™, chat, phone call, schedule an appointment, or Quick Apply directly in Online and Mobile Banking if you’re an existing member. IRA: Apply now through Connect Cam™, phone call, or schedule an appointment. |
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Type Premium Money Market5 |
Dividend Rate 1.182% |
APY1 1.188% |
Minimum $10,000 |
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Type Premium Money Market |
Dividend Rate 2.350% |
APY1 2.375% |
Minimum $100,000 |
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Type Premium Money Market |
Dividend Rate 3.506% |
APY1 3.563% |
Minimum $250,000 |
Join Educators Credit Union
Membership is open to anyone who lives or works in our 11-county service area.
Disclosures
1There is a $10 monthly fee if the balance drops below $1,000. Fees can reduce earnings.
2If the Premium Money Market Account goes below $10,000, the share will be closed and the money will be transferred to an account indicated by the member.
3Fees could reduce earnings on the account. Penalty will or may be imposed for early withdrawal.
4See a tax advisor for full details.