Jersey Central Federal Credit Union is pushing for their high yield savings account thru their Share Savings. The credit union has the following current savings account rates:

• $100 to $2,499.99                           0.50% APY
• $2,500 to $9,999.99                        0.75% APY
• $10,000 to $24,999.99                    1.00% APY
• $25,000 and above                          1.25% APY

This money in the bank requires you to deposit as little as $5 to open an account. Although you need to maintain a balance of at least $100 to earn this best interest savings account. The dividends are compounded and credited on your savings account every quarter. Take note that the current savings account rate is subject to change without prior notice.

Membership with Jersey Central Federal Credit Union is open to employees of the selected companies listed on the credit union’s website. Relatives of members are also eligible to join. You just need to print and fill up the membership form and mail it back to the credit union. You also need to deposit a minimum of $100 on your savings account unless direct deposit/payroll deduction is what you opt for.

You can also visit the credit union’s office, and they are headquartered in Cranford, New Jersey. For questions with regard to their best savings account, current interest rates, or membership eligibility you may call them thru 888-772-3040.

Jersey Central Federal Credit Union has been in business since 1937. Currently, they have reached over $17 million in declared assets. The credit union is also insured by the National Credit Union Association with charter number 2493.