1.06% APY Best money market rate with Emergency Responders Credit Union
Emergency Responders Credit Union is pushing for an attractive interest rate with their money market account. This money in the bank deal lets you earn an interest rate of 1.06% APY when you open an account today. You are also required to deposit and maintain a minimum balance of $2,500 to earn this best money market rate.
The earnings of this money market account is compounded and paid every month. In case you need to withdraw or transfer funds to third party, well the credit union allows you to make up to 6 transfers or withdrawals per statement cycle. You can process it through check, automatic, phone, pre-authorized, or other methods. Please note that the interest rate is subject to change without prior notice. Fees may also reduce the earnings of this best money market account.
Membership with Emergency Responders Credit Union is open to employees, retirees and volunteers of Emergency First Responders Agencies which includes law enforcement, emergency management, hazardous materials, and fire service in the state of North Carolina. Immediate family members are also eligible to join. You may also call the credit union to ask for the list of their field of membership if you are not sure if you qualify thru 336-723-0619.
It seems that you need to visit the office of the credit union to apply for membership. You just simply need to complete the membership application form and deposit a minimum of $25 to open your new share savings account as part of the requirement. You would also need to maintain this balance on your account or have a higher balance to avoid closure of the account and termination of your membership. You are also required to bring valid picture ID’s like state issued identification, passport, driver’s license, or social security card.
Emergency Responders Credit Union which is headquartered in Winston Salem, North Carolina was established in 1940. Currently, they have 2,057 members with $15.2 million in declared assets. The credit union is also insured by the National Credit Union Association with charter number 66354.
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