Maumee Educators Federal Credit Union continues to provide a high yield savings account under their share savings. This best savings account is tiered and has the following current interest rates:

• $100 to $9,999             1.00% APY
• $10,000 to $29,999       1.05% APY
• $30,000 to $49,999       2.00% APY
• $50,000 and above        2.25% APY

You can start earning these high interest savings account when you deposit a minimum of at least $5 to open an account. You need to maintain an average daily balance of $100 or more to earn these best savings account rates. The dividends of these money in the bank deal are compounded and paid every quarter.

Under federal regulations, you are only limited up to 6 withdrawals or transfers per statement cycle by means of pre-authorized, automatic transactions, check, debit card, telephone, or draft. If you exceed the limits, there will be a fee charge on the following transactions you make. The only way that you will not shoulder any fees is when you make an over the counter withdrawal. Please note that the interest rate may change once the savings account is opened, so make sure to ask the credit union for the latest savings account rates.

Maumee Educators Federal Credit Union membership is open to employees and retirees of the Maumee Board of Education. Immediate family members which includes spouse, child, parents, siblings, grandparents, and grandchildren are also welcome to join.

It appears that you need to visit the credit union’s office to apply for membership. You just need to complete their membership card and make a deposit on your new share savings account. The credit union will also require you to submit a copy of your valid picture identification like driver’s license, military ID, or state issued ID.

For more information about their membership eligibility and current interest rates for their savings account, you may call the credit union’s customer service line ar 419-893-1039. Maumee Educators Federal Credit Union is headquartered in Maumee, Ohio.

Maumee Educators Federal Credit Union has been providing financial services to its members since 1963. It is a very small credit union which has around 423 members and $3.4 million in assets. The credit union is registered under the National Credit Union Association with charter number 15390.