Personal Savings

Savings accounts that meet your needs.

couple holding piggy bank

Savings accounts with convenient benefits

  • Star

    Member-Owner Status

    With just $5 in your Prime Share Savings account, you become a member-owner of Educators Credit Union.

  • No Fees

    Low or No Minimum Balance

    Most savings accounts have a minimum balance requirement of $5 or less.

  • Direct Deposits

    Direct Deposits

    Start receiving interest on your earnings as soon as possible by using direct deposit.

  • Credit Report

    Competitive Rates

    Our savings accounts are designed to benefit you. Receive returns on your money with most Educators savings accounts.

  • 24/7 Access

    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.

  • Alerts

    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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  • Minimum opening balance

    Minimum opening balance

  • Activation or monthly fees

    Activation or monthly fees

  • ATM Card

    ATM Card

  • Terms

     

    Terms

     

  • Interest rate increases

    Interest rate increases

Prime Share Savings
Account

  • Minimum opening balance

    $5

  • Activation or monthly fees

    $0

  • ATM Card

    YES

  • Terms

     

    N/A

  • Interest rate increases

    Interest is earned when the balance is $100 or more.

High Yield Money
Market Accounts1

  • Minimum opening balance

    $1,000

  • Activation or monthly fees

    $01

  • ATM Card

    NO

  • Terms

     

    N/A

  • Interest rate increases

    Interest rate increases automatically as your savings balance grows to levels of $2,500, $10,000, $25,000 and $50,000.

Premium Money Market Account2

  • Minimum opening balance

    $10,000

  • Activation or monthly fees

    $0

  • ATM Card

    NO

  • Terms

     

    N/A

  • Interest rate increases

    Interest rate increases automatically as your savings balance grows to levels of $10,000, $100,000 and $250,000.

Share Certificates3

  • Minimum opening balance

    $500

     

  • Activation or monthly fees

    $0

  • ATM Card

    NO

  • Terms

     

    Terms from 91 days to 5 years

  • Interest rate increases

    Competitive dividend rate fixed throughout the term. Add-on options offer the opportunity to add additional funds of $500 or more to the certificate.

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 Video Banking pop-up on the right of this page to have a video meeting with our staff.

woman holding piggybank

Change Up® For Easy Saving

With Change Up savings, using your debit card helps you save money. Make non-PIN “credit” purchases with your debit card and we’ll round up the change to the next dollar and deposit the difference into a special interest-bearing savings account. All you need is an Educators checking account and to be signed up for eStatements.

You can’t make additional deposits to your Change Up savings, but you can withdraw money at any time. Change Up amounts are added together and withdrawn when the transaction clears. On your eStatement and Online Banking checking history, your transaction will show the exact amount of each purchase. All Change Up amounts will be totaled and deducted from your checking as one daily item at the end of each day.

Call 262.885.6900 or use Educators Video Banking to open your Change Up savings account.

woman on mobile phone

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 262.885.5900 or use Educators Video Banking to get started.

students on stairs

Health Savings Account

A Health Savings Account is exclusively used to pay for qualified medical expenses when you are enrolled in a high-deductible health plan (HDHP). Use it for current health expenses and save for future health expenses. Please talk to your employer’s benefits specialist to determine if you are eligible.

Our HSA offers a competitive rate with no minimum balance or annual fee except the initial $25 set-up fee. We will instantly issue an HSA debit card to let you conveniently pay for your qualified medical expenses. You can keep the account even if you change jobs, change your medical coverage or become unemployed.

Make contributions to your account in any amount (up to contribution limits), at any time. Contribution limits for 2021 are $3,600 if you have Single HDHP coverage or $7,200 if you have Family HDHP coverage. Out-of-pocket contributions are tax-deductible and HSA earnings are tax-deferred. Withdrawals are tax-free when used for qualified medical expenses.4

Call 262.885.5900 or use Educators Video Banking to open your Health Savings account.

mom and daughter at doctor office

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 262.885.5900 or use Educators Video Banking to get started to ask a Member Finance Representative for more information on these options.

couple on vacation

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.

woman reviewing paperwork

Savings Accounts Rates

Savings Accounts

Savings Type

Min. to Open

Dividend Rate

APY1

1APY = Annual Percentage Yield. Rates are subject to change after account opening.
2Member may be subject to $2 monthly service fee if receiving paper statements. Member may opt-in to eStatements to have fee waived. 
3Fees could reduce earnings on the account

Savings Type

Prime Share Savings with Balance of $100 and up

Min. to Open

$5.00

Dividend Rate

0.06%

APY1

0.06%

Savings Type

Change Up Savings

Min. to Open

$0

Dividend Rate

0.51%

APY1

0.51%

Savings Type

Christmas Club with Balance of $0 - $99.99

Min. to Open

$0

Dividend Rate

0.0%

APY1

0.0%

Savings Type

Christmas Club with Balance of $100 and up

Min. to Open

$0

Dividend Rate

0.06%

APY1

0.06%

Savings Type

Vacation Club with Balance of $0 - $99.99

Min. to Open

$0

Dividend Rate

0.0%

APY1

0.0%

Savings Type

Vacation Club with Balance of $100 and up

Min. to Open

$0

Dividend Rate

0.06%

APY1

0.06%

Savings Type

Summer Pay Balance of $0 - $99.99

Min. to Open

$0

Dividend Rate

0.0%

APY1

0.0%

Savings Type

Summer Pay with Balance of $100 and up

Min. to Open

$0

Dividend Rate

0.06%

APY1

0.06%

Savings Type

Saver’s Sweepstakes

Min. to Open

$0

Dividend Rate

0.20%

APY1

0.20%

Savings Type

Health Savings Account of $0 - $99.99

Min. to Open

$0

Dividend Rate

0.0%

APY1

0.0%

Savings Type

Health Savings Account of $100 and up

Min. to Open

$0

Dividend Rate

0.76%

APY1

0.76%

Open a Savings Account
Money Market

Dividend Rate

APY1

Minimum Balance Required to Earn APY2

1APY = Annual Percentage Yield. Rates will not change until the next tier is reached (ex. balance of $2,500 to $9,999 will have a rate of 0.08% APY). Rates are subject to change after account opening.
2For IRA Money Market the minimum to open account is $25. Minimum to open regular Money Market account is $1000, $10 fee per month for daily balances below $1000. Penalties apply for “under the minimum daily balance”, which may reduce earnings.

Dividend Rate

0.06%

APY1

0.06%

Minimum Balance Required to Earn APY2

<$2,500

Dividend Rate

0.08%

APY1

0.08%

Minimum Balance Required to Earn APY2

$2,500

Dividend Rate

0.11%

APY1

0.11%

Minimum Balance Required to Earn APY2

$10,000

Dividend Rate

0.14%

APY1

0.14%

Minimum Balance Required to Earn APY2

$25,000

Dividend Rate

0.19%

APY1

0.19%

Minimum Balance Required to Earn APY2

$50,000

Contact Us to open a Money Market Account
IRA Certificates / Share Certificates3

Type

Dividend Rate3

APY1

Min. Balance Required to Earn APY

1APY = Annual Percentage Yield. Rates are subject to change after account opening.
2Member may be subject to $2 monthly service fee if receiving paper statements. Member may opt-in to eStatements to have fee waived. 
3Fees could reduce earnings on the account. Penalty will or may be imposed for early withdrawal.

Type

91 Day

Dividend Rate3

0.100%

APY1

0.10%

Min. Balance Required to Earn APY

$500

Type

182 Day

Dividend Rate3

0.200%

APY1

0.20%

Min. Balance Required to Earn APY

$500

Type

275 Day (Add-on)

Dividend Rate3

0.250%

APY1

0.25%

Min. Balance Required to Earn APY

$500

Type

1 Year

Dividend Rate3

0.300%

APY1

0.30%

Min. Balance Required to Earn APY

$500

Type

18 Month

Dividend Rate3

0.399%

APY1

0.40%

Min. Balance Required to Earn APY

$500

Type

2 Year

Dividend Rate3

0.499%

APY1

0.50%

Min. Balance Required to Earn APY

$500

Type

30 Month

Dividend Rate3

0.548%

APY1

0.55%

Min. Balance Required to Earn APY

$500

Type

3 Year

Dividend Rate3

0.648%

APY1

0.65%

Min. Balance Required to Earn APY

$500

Type

4 Year

Dividend Rate3

0.748%

APY1

0.75%

Min. Balance Required to Earn APY

$500

Type

5 Year

Dividend Rate3

0.896%

APY1

0.90%

Min. Balance Required to Earn APY

$500

Contact us to open an IRA Account
Premium Money Market Accounts (Regular and IRA Accounts)

Dividend Rate

APY1

Minimum Balance Required to Earn APY2

1APY = Annual Percentage Yield. Rates will not change until the next tier is reached. Rates are subject to change after the account is opened.
2For Premium Money Market the minimum to open account is $10,000.
Points for Perks cannot be used to increase the rates on the Premium Money Market accounts.

Dividend Rate

0.060%

APY1

0.06%

Minimum Balance Required to Earn APY2

$10,000

Dividend Rate

0.130%

APY1

0.13%

Minimum Balance Required to Earn APY2

$100,000

Dividend Rate

0.190%

APY1

0.19%

Minimum Balance Required to Earn APY2

$250,000

Contact us to open a Premium Money Market Account

Join Educators Credit Union

Educators Credit Union membership is open to anyone who lives or works in our 11-county service area. We have 26 Educators branch locations that serve members in Dane, Green, Jefferson, Kenosha, Milwaukee, Ozaukee, Racine, Rock, Walworth, Washington and Waukesha Counties.

Open an account with Video BankingOpen account using our digital application

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.