Savings Accounts

Find the Educators savings account that meets your needs.

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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.

Low or No Minimum Balance

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

Competitive Rates

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

Anytime Access

Online Banking and Mobile Banking give your the power to manage your account on your time. Check your balance, make deposits with FlashCash, and more.

Direct Deposits

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

eStatements and E-Alerts

Get your statement emailed to you quarterly and set up e-alerts with Mobile Banking.

Compare Savings Account Types

Prime share Savings
High Yield Money
Market Accounts
PRemium money Market Account Share Certificates
Minimum opening balance $5 $1,000 $10,0003 $500
Activation or monthly fees $0 $01 $0 $0
Direct Deposits YES YES YES YES
Anytime Access YES YES YES YES
Number of withdrawals2 No Limit No Limit No Limit No Limit
Terms N/A N/A N/A Terms from 91 days to 5 years
Interest rate increases Interest is earned when the balance is $100 or more Interest rate increases automatically as your savings balance grows to levels of $2,500, $10,000, $25,000 and $50,000 Interest rate increases automatically as your savings balance grows to levels of $10,000, $100,000 and $250,000 Competitive dividend rate fixed throughout the term (Jump-up options offer one rate adjustment during term of certificate. Add-on options offer the opportunity to add additional funds of $500 or more to the certificate.
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1There is a $10 monthly fee if the balance drops below $1,000.
Federal Regulation D limits electronic, automatic and telephone transfers and withdrawals from savings accounts to six per month. Touch Tone Teller and Educators Online Banking transfers will be blocked if the limit is reached.
3Account balance cannot drop below $10,000

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.

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.1

You can’t make additional deposits to your Change Up savings, but you can withdraw money at any time. The Change Up amount will not be withdrawn from your checking until the transactions clear your account. 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.

Contact us or open a new Change Up account in Online Banking.

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. Visit our Student Account page for more information.

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 2018 are $3,400 if you have Single HDHP coverage or $6,900 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.3

Contact us to open your Health Savings account.

Other Special 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. Ask any Member Finance Representative for more information on these options.

Contact us to open a special savings or use Online Banking.

Share Certificate Jump-up and Add-on Options

Some of the Educators Share Certificates have Jump-up or Add-on options. The Jump-up option allows you to request a rate increase when our rates increase once during the term of your Share Certificate. You will receive the higher rate for the remaining term of the certificate.

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.

Check out the Share Certificate rates to see which certificates offer the Jump-up and Add-on options.


Type dividend Rate APy1 Minimum Balance Required to earn APY Minimum to open
Prime Share Savings 0.06% 0.06% $100.00 $5.00
Change Up Savings 0.51% 0.51% $0.00 $0.00
Christmas Club 0.06% 0.06% $100.00 $0.00
Vacation Club 0.06% 0.06% $100.00 $0.00
Summer Pay 0.06% 0.06% $100.00 $0.00
Saver’s Sweepstakes7 0.20% 0.20% $0.00 $0.00
Health Savings Account4 0.76% 0.76% $100.00 $0.00

1APY = Annual Percentage Yield. Rates are subject to change after account opening.
2Fresh Start requires $20 one-time activation fee and $100 min. opening deposit. Members will be assessed a $10 fee monthly if their daily balance is below $100 or if they use fewer than 3 loyalty services(the fee is waived the month the Fresh Start Checking Account is opened).Member may be subject to $2 monthly service fee if receiving paper statements. Member may opt-in to eStatements to have fee waived. 
4HSA has $25 set up fee.
5Member may be subject to $2 monthly service fee if receiving paper statements. Member may opt-in to eStatements to have fee waived. 
6Fees could reduce earnings on the account
7There is no minimum deposit required to open a Saver’s Sweepstakes account. This sweepstakes is open to Wisconsin and Minnesota residents only. Entries are tallied for the primary owner on the account. Fiduciary and business accounts are not eligible.  Account is subject to a $10 withdrawal penalty with your first and second withdrawal from the account. The account will be closed after your third withdrawal. Account withdrawal could impact your total number of entries. A closed account will result in the forfeiture of all sweepstakes entries. Participants can make a penalty-free withdrawal from the account 12 months after the account is opened and every 12 months thereafter. Visit the Saver’s Sweepstakes page for full details.

High Yield Money Market Account

Dividend Rate APY1 Minimum Balance Required to eARN apy2
0.06% 0.06% <$2,500
0.08% 0.08% $2,500
0.11% 0.11% $10,000
0.14% 0.14% $25,000
0.19% 0.19% $50,000

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.

Premium Money Market Accounts (regular and IRA accounts)

dividend rate apy1 Minimum Balance Required to Earn apy2
0.559% 0.56%  $10,000
1.124% 1.13%  $100,000
1.677% 1.69%  $250,000

1APY = 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 0.559% APY). 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.

Share Certificates

91 Day 0.31% 0.31% $500
182 Day 0.360% 0.36% $500
275 Day (Add-on) 0.409% 0.41% $500
1 Year  0.509% 0.51% $500
18 Month 0.609% 0.61% $500
2 Year 1.739% 1.75% $500
30 Month Share Certificate Special (Add-on) 2.722% 2.75% $500
3 Year 1.105% 1.11% $500
4 Year 1.502% 1.51% $500
5 Year 1.995% 2.01% $500

Rates are for new shares only and require $500 minimum. A penalty applies for early withdrawal and other restrictions may apply.

1APY = Annual Percentage Yield. Rates are subject to change. Penalties apply for early withdrawals, which may reduce earnings.

**The Share Certificate Special’s rate cannot be increased using Points for Perks. No other offers apply to increase the rate on this special.

Change of Terms Notice:

Effective 12/1/11, the early withdrawal penalty for new or renewed share certificates will be 90 days interest for terms of one year or less and 180 days for all terms over one year.

Effective 8/1/14 for new Share Certificates, early withdrawal penalty will be the lesser of dividends earned to date OR the amount of dividends that would be earned during 25% of the share certificate’s term, measured in days.


1Not available for Educators Fresh Start Checking.
2Penalties apply for early withdrawals, which may reduce earnings.
3See a tax advisor for full details.

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