Teachers FCU Savings Accounts & Money Market Account

Teachers Federal Credit Union of Long Island, New York is offering four different types of savings accounts and a money market account. The savings accounts include a Share Savings Account, an IRA Savings Account, a Vacation Savings Account and a Holiday Savings Account. The money market account is their "Tiered Money Market" account.

Find the best savings account rates and money market account rates by searching our rate tables: SavingsAccount.MonitorBankRates.com.




The minimum opening balance for a regular Share Savings Account is $1.00. There is no minimum opening balances for the rest of the savings accounts. There is a minimum savings account balance of $50 to earn the savings rate and annual percentage yield (APY) offering by the credit union.

Savings Account




  • Share Savings Account Rate  0.60% APY 0.60%


  • IRA Savings Account Rate 0.60% APY 0.60%

  • Vacation Savings Account Rate - 0.60% APY 0.60%

  • Holiday Savings Account - 0.60% Rate 0.60% APY


Money Market Account




  • Balances of $2,500 - $24,999 1.00% Rate 1.00% APY


  • Balances of $25,000 - $49,999 1.25% Rate 1.26% APY


  • Balances of $50,000 - $99,999 1.35% Rate 1.36%  APY


  • Balances of $100,000 - $249,999 1.40% Rate 1.41% APY


  • Balances of $250,000 - $499,999 1.55% Rate 1.56%  APY


  • Balances of $500,000 +  1.65% Rate 1.66% APY


For information about the credit union's membership requirements and a list of current rates visit teachersfcu.org.
 
Author: Jason P. Jones
April 22nd, 2010