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Power Account (Money Market)

$20 bill

 

Save at higher money-market rates with a NEFCU Power Account, while maintaining easy access to your money.

 


 


Power Account Rate1Sept. 1 - Sept. 9, 2010
Minimum to OpenCurrent RateAnnual Percentage Yield
Balance of $1,000 - $9,999$ 1,000.50%.50%2
Balance of $10,000 - $49,999$ 1,000.60%.60%2
Balance of $50,000 and above$ 1,000.80%.80%2
1Rates are subject to change after account opening.
2A minimum daily balance of $1,000 must be maintained in your account each day to obtain the disclosed APY.

Power Account Advantages

  • dividends compounded and paid monthly on your average daily account balance
  • $1,000 minimum initial deposit
  • no monthly fee
  • continuous access to funds while you're earning dividends -- deposit, withdraw, write checks, transfer funds or use as a source of overdraft protection for your checking account
  • ATMs throughout New England, North America and worldwide
  • 24-hour, 7-day electronic access via Accountline and PC Banking
  • maximum of six pre-authorized withdrawals or transfers per month
  • no more than three of the six transfers may be made by check or similar order to a third party per month
  • checks must be written for a minimum amount of $100

Your deposits are federally insured up to $250,000 per member by the National Credit Union Administration. Additional coverage may apply based on ownership of account - click here for details and restrictions.

 How much will my savings be worth?