Money Market accounts allow easy access to money

Share Certificates return higher yields with bigger balances

Solid choices. Strong returns. Secure future.

Plan ahead. It's easier said than done. Everyday commitments keep us focused on the here and now. But it's wise to take a step back and think about your financial future. Where can you safely invest your money, grow your wealth, and provide the type of lifestyle you want for you and your family? Education First! Money Market Accounts, Share Certificates (which act like Certificates of Deposit) and Individual Retirement Accounts are part of a smart portfolio, providing everything from high returns to tax benefits to, yes, a little peace of mind.

Couple reviewing investment options online

Money doesn't grow on trees. But it grows in our investment accounts.

Checking and savings accounts both have a great deal of value. But if you're putting away money for future needs, or retirement, you can earn much higher returns in other types of accounts.

Money Market Accounts

Saving for a big purchase in a year or so? Or do you just want a reliable cash reserve? Money Market Accounts provide both high dividends and easy access to your money.
  • Minimum opening deposit of $2,000
  • No minimum balance requirement
  • $50,000 balance earns our highest dividend rate
  • No term commitment
  • Dividends are compounded monthly
  • Access your account from anywhere 24/7 using Online Banking or Touch Tone Teller
  • Make regular deposits through direct deposit and payroll deduction
  • Funds are federally insured up to $250,000 by the National Credit Union Association

Share Certificates

Patience can be rewarded when you open a Share Certificate, which is similar to a Certificate of Deposit (CD). Certificates with longer terms pay the highest dividends. Education First also rewards investors with higher yields on bigger balances.
  • Minimum deposit of $500
  • Terms from 3 months to 5 years
  • Dividends based on the opening balance and term invested
  • A penalty may be assessed if money is withdrawn before the Share Certificate's maturity date
  • Funds are federally insured up to $250,000 by the National Credit Union Association 
  • See our Share Certificate rates here! 

IRA Share Certificates 

An IRA CD is just like regular CDs except they are for designated retirement funds. IRA CDs provide a low risk investment option for IRA owners, while also earning a higher dividend rate compared to the standard IRA share. Even if the market changes, your rate is locked for the selected term.
  • Minimum opening deposit of $500
  • Safe, low risk investment
  • Dividends compound monthly
  • Earn at a higher rate
  • Guaranteed rate for the selected term
  • No early withdrawal penalties for owners age 72 or older who are required to take a Required Minimum Distribution from their IRA
  • With a Traditional IRA CD you pay no taxes on your earnings until you withdraw the money
  • With a Roth IRA CD you pay no taxes on your earnings or withdrawals for qualified distributions
  • Federally insured up to $250,000 y the National Credit Union Association, in addition to personal account insurance

Individual Retirement Accounts

Retirement may seem light years away. Or it may be just around the corner. In any case, you'll need to have money set aside for when you're no longer working. IRAs have the added bonus of providing substantial tax benefits.
  • No account fees
  • Dividends compound monthly
  • With a Traditional IRA, you pay taxes only when you withdraw your money at retirement
  • With a Roth IRA, you pay no interest on earnings or withdrawals
  • Contributions of $25 or more can be made through regular deposits, payroll deduction or lump sum payments
  • Members 49 years and younger can contribute up to $6,000 per year
  • Members 50 years and older can contribute up to $7,000 per year
  • Federally insured up to $250,000 by the National Credit Union Association, in addition to personal account insurance

Note regarding Regulation D: Regulation is a directive of the Federal government that is imposed on all financial institutions (banks and credit unions). To maintain compliance with Regulation D, Education First Federal Credit Union must place a monthly limit on certain types of transfers and/or withdrawals from the following types of savings (share) accounts: Standard Savings, Special Savings, Money Market Accounts, and Prime Rewards. Read more information about Regulation D.