1.25% APY High yield savings account with Western Illinois School Employees Credit Union
Western Illinois School Employees Credit Union has a money in the bank opportunity with their high interest savings account. The credit union has the following current savings account rate:
- $100 to $4,999.99 0.75% APY
- $5,000 to $9,999.99 1.00% APY
- $10,000 and above 1.25% APY
You can start earning this best savings account rate when you make an initial deposit of $100 to open an account. You also need to have a minimum daily balance of $100 to earn this best interest rate. The earnings of this best money in the bank deal is paid every quarter. Take note that all savings account with Western Illinois School Employees Credit Union carries up to $3,000 worth of Life Savings Insurance which is paid by the credit union.
This best savings account also has other benefits like free online banking with bill payment, free electronic bank statement, and direct deposit. You are limited of up to 6 transfers or withdrawal per month which can be made through check, automatic, phone, person, or other methods. In case you exceed the limit for withdrawal or transfers, a fee will be charge per transaction.
The credit union’s website did not provide much information about about their membership eligibility. You may call their customer service first to ask about their membership eligibility and also the list of the select employer group thru 217-224-2091. It also seems that you need to visit the credit union’s office which is headquartered in Quincy, Illinois to apply for membership and open an account. Please remember to bring proper documents for identification like social security card, passport, driver’s license, or state issued ID’s.
Western Illinois School Employees Credit Union has been helping its members with their financial needs since 1936. The credit union is being managed by 13 members of their board of directors. These directors are volunteers from the parochial school and public school districts that they serve. Currently, they have reached 1,592 members with over $18 million in declared asset. The credit union is also registered under the National Credit Union Association with charter number 65426.
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