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
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 Change Up amounts are added together and withdrawn when the transaction clears.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) 886-5900 or use Educators Connect Cam™ to open your 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 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 2024 are $4,150 if you have Single HDHP coverage or $8,300 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) 886-5900 or use Educators Connect Cam™ to open your Health Savings 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
|
Savings Type |
Dividend Rate |
APY1 |
Minimum |
|---|---|---|---|
|
1APY = Annual Percentage Yield. Rates are effective as of 11/01/2023. |
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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 |
|---|---|---|
|
1APY = Annual Percentage Yield. Rates are effective as of 11/01/2023. |
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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 15 Month CD Special |
Dividend Rate2 4.909% |
APY1 5.00% |
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Type |
Dividend Rate |
APY1 |
Minimum |
|---|---|---|---|
|
1APY = Annual Percentage Yield. Rates are effective as of 11/01/2023. Fees may reduce earnings. Minimum amount is minimum account balance to earn interest. |
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Type Premium Money Market5 |
Dividend Rate 1.366% |
APY1 1.375% |
Minimum $10,000 |
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Type Premium Money Market |
Dividend Rate 2.716% |
APY1 2.750% |
Minimum $100,000 |
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Type Premium Money Market |
Dividend Rate 4.049% |
APY1 4.125% |
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.