Wescom Credit Union High Yield Savings Rates

300,000 members count on Wescom Credit Union. It was found in 1934 by 13 individuals with $65 for developing an alternative to the banks. Presently it has $3.9 billion in assets. Its a non profit financial cooperative where its members are the owners. Its excess earnings are enjoyed by its members in the form of lower loan rates, higher savings yields, reduced fees and an ever-expanding network of branches and ATMs. It offers higher yields on Money Market Savings Account which are explained below:

TierPlus Money Market - Tier 1
With a minimum balance of $2,500 you get a dividend rate of 1.49% with 1.50% APY.

TierPlus Money Market - Tier 2
With a minimum balance of $10,000 you get a dividend rate of 1.69% with 1.70% APY.

TierPlus Money Market - Tier 3
With a minimum balance of $25,000 you get a dividend rate of 1.88% with 1.90% APY.

TierPlus Money Market - Tier 4
With a minimum balance of $50,000 you get a dividend rate of 2.37% with 2.40% APY.

TierPlus Money Market - Tier 5
With a minimum balance of $100,000 you get a dividend rate of 2.76% with 2.80% APY.

* Asset Maximizer Account (AMA) - Tier 1
With a minimum balance of $2,500 you get a dividend rate of 2.47% with 2.50% APY.

* Asset Maximizer Account (AMA) - Tier 2
With a minimum balance of $10,000 you get a dividend rate of 2.66% with 2.70% APY.

* Asset Maximizer Account (AMA) - Tier 3
With a minimum balance of $2,5000 you get a dividend rate of 2.86% with 2.90% APY.

* Asset Maximizer Account (AMA) - Tier 4
With a minimum balance of $50,000 you get a dividend rate of 3.34% with 3.40% APY.

* Asset Maximizer Account (AMA) - Tier 5
With a minimum balance of $100,000 you get a dividend rate of 3.73% with 3.80% APY.

* To qualify for the rates shown for the AMA account, a $10,000 full-service investment account with Wescom Financial Services must be maintained. Lower rates apply if balances fall below the minimums shown.

*All the rates are noted as of Dec 20 2007 and are subject to change without notice. Lower rates apply if balances fall below the minimums shown.

Anyone from Los Angeles, Orange, Riverside, San Bernardino, San Diego, Santa Barbara and Ventura counties can open a Wescom Credit Union account. You may apply for its membership online by visiting this page: http://www.wescom.org/aboutus/joinwescom.asp. On becoming a member you can start enjoying the benefit of higher yields on your savings easily. It is important to note that your savings are federally insured up to 100,000 by United States government agency NCUA.