Money Market Accounts
Money Market accounts help you save money with flexible account options
A Money Market account offers a higher interest rate than a regular savings account with a minimum balance requirement of $2,500. Dividends are compounded and paid monthly.
Open a Money Market Account
Money Market accounts from Educational Systems Federal Credit Union offer a higher interest rate to help you earn more on your savings.
To earn the stated Annual Percentage Yield (APY), you must meet the minimum balance requirement for each money market tier:
- Tier One: $2,500 minimum balance
- Tier Two: $20,000 minimum balance
- Tier Three: $100,000 minimum balance
Deposits may be made at any time. Plus there are no maturity date restrictions and up to six pre-authorized, automatic or electronic transfers may be made to another Credit Union account in any month. Up to three of these six transfers may be made by check. However, there is no ATM access for money market accounts. A Money Market account can also be opened as an Individual Retirement Account.
Your Money Market account savings are insured up to at least $250,000.
