Money Saver Accounts

A money savers account is a type of savings account.  The difference is that they usually pay higher dividends, have higher minimum balance requirements  and allows three withdrawals per month.

At ECU our Money Saver accounts have the following features:

  • Competitive rates
  • Dividends are paid monthly based on your daily balance.
  • Daily compounding of dividends for higher yield.
  • Flat rates dividend rates are determined by your account balance.
  • Quarterly statements.  You may sign up for e statements through Virtual Branch or you will receive a paper statement in the mail.
  • Minimum balance $2500.00
  • Make 3 withdrawals a month at free of charge with a $2.00 service charge for each additional withdrawal.
  • Minimum withdrawal $100.00
  • Payroll deduction available; minimum $100 bi-weekly.

Money Saver Accounts (Effective 10/01/11)*

Account Balance Annual % Yield Dividend Rate
$50,000.00 and Over 0.5522% 0.550%
$25,000.00 – $49,999.99 0.451% 0.450%
$10,000.00 – $24,999.99 0.351% 0.350%
$5,000.00 – $9,999.99 0.300% 0.300%
$2,500.00 – $4,999.99 0.250% 0.250%
*ECU Compounds And Pays Dividends Monthly. There Is A Service Charge Of $2.00 For Each Withdrawal After The First 3 Withdrawals In A Month.

 

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