Utilities Employees Credit Union invites its members to take advantage of their high yield savigns account called REACH savings account which has a fixed earning of 6.00% APY at the moment. This high earning savings account aims to help account holders develop a good habit for saving some money for a term of six months.

You must set up a minimum direct deposit of $50 but not exceeding $500 per month. The total savings for the six month period should not go beyond $3000. This is a short term and low balance savings account but it is still a money in the bank opportunity if you want to start saving.

The deposits into the savings account must be setup on a regular basis whch means at least every month there should be funds coming from your payroll, from other financial institutions, or funds coming from direct deposit. If these regular deposits are not met, the funds that you have will be transferred into your Share Savings account which earns up to 1.00%.

After six months of saving through your REACH savings account, the funds will be transferred to your share savings account including all the earned interest.

Members can only make use of this best earning savings account once during their credit union membership.

Those who are interested can make use of an online application form.

Utilities Employees Credit Union accepts applcations of individuals who are regular, contract, temporary, or retired employees of sponsor companies and their subsidiaries. You can also sign up through qualified family members. You will be required to put $5 into a share savings account.

If you have questions with regard to membership and account opening, you can contact them thru 1800-288-6423. The credit union is headquartered in Reading, PA.

Utilities Employees Credit Union is insured by the NCUA.