Available nationwide, Spectrum Credit Union MarketEdge Money Market Savings is offering a 0.50% APY Rate. Continue reading below to learn everything you need to know about Spectrum Credit Union.
Table of Contents
About Spectrum Credit Union MarketEdge Money Market Savings
Spectrum is a not-for-profit financial institution dedicated to improving the economic conditions of its members by providing a safe place to save and borrow at competitive rates, being service-oriented and member focused, and providing a broad range of products and services.
The account gives you access to online banking, eStatements, mobile banking, text alerts, and so much more.
I’ll review Spectrum Credit Union MarketEdge Money Market Savings below.
Spectrum Credit Union MarketEdge Money Market Savings 0.50% Rate
- Account Type: High Yield MarketEdge Money Market Savings
- Interest Rate: 0.50% APY
- Minimum Balance: $2,500
- Maximum Balance: None
- Availability: Nationwide (Branch Locator)
- Credit Inquiry: Soft pull or Hard Pull?
- Opening Deposit: None
- Credit Card Funding: Unknown. Let us know.
- Monthly Fee: No monthly service fees
- Early Termination Fee: None listed, check with CSR
American Express® High Yield Savings Account - You earn 0.40% interest rate along with no minimum deposits or monthly fees. Amex High Yield Savings account has been my favorite Hub account for the past 7 years. Using this account to Pull/Push your money is absolutely necessary when you have many accounts. Here's why:
*No dollar limitations for ACH transfers - When you find a top bank rate account, you don't want to be limited to just $5K or $10K transfers. Amex Savings will let you transfers as much as you want whether you are pulling or pushing money from and to an external bank account.
*1 to 2 business days ACH transfers speed - With top-notch user interface, you get your money to another external account or pull money from another bank account within a day or two.
*No loss of interest during transfers - On the day you initiate your transaction on the high yield savings account website, the funds will be reflected in your Current Balance and begin earning interest.
Some other features from American Express High Yield Savings Account include Free Wire Transfers, 3 maximum linked accounts, and maximum 6 ACH withdrawals per month.
Savings account offers are frequently updated. Find the best nationwide Savings/Money Market rates here, and the best Savings account bonuses here. The Axos Bank and CIT Bank accounts offer great rates available nationwide which I recommend.
|Aspiration||1.00% APY + $150 Cash||Review|
|Axos Bank High Yield Savings||Up to 0.61% APY||Review|
|Quontic Bank High Yield Savings||0.55% APY||Review|
|CIT Bank Money Market||0.45% APY||Review|
|American Express High Yield Savings||0.40% APY||Review|
|Discover Bank Online Savings||0.40% APY||Review|
Spectrum Credit Union ACH Capabilities & Limits
|ACH Type||Speed||Daily $ Limit||Monthly $ Limit||Notes|
Editor’s Note: Help us with the table above in the comment section if you have experience with ACH capabilities.
How to Earn Spectrum Credit Union Rate
- Open a MarketEdge account from Spectrum
- Maintain a minimum balance of $250,000 or more to earn the 0.50% APY rate.
|Balance Requirement||APY Rate|
|$2,500 – $249,999.99||0.50% APY|
|$24,999.99 and below||0.30% APY|
Why You Should Sign Up For This Account
- Compounded Daily and Credited Monthly
- NCUA Insured so you can have peace of mind
- Earn a great 0.50% APY rate with only $2,500
- Enjoy features such as online and mobile banking
When you open a MarketEdge account you can earn a competitive rate. This rate is great for balances $2,500 and more. For the price, this is a great APY rate for anyone looking for a quick and easy way to watch their money grow.
For more bank offers, see the complete list of Best Bank Rates!
Check back often to see the latest info on Spectrum Credit Union MarketEdge Money Market Savings Account.