Last Updated: 04/18/2025
Tremont Credit Union Business Savings Account
Unaffiliated
Last Updated: 04/18/2025
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Highlights
APY (Annual Percentage Yield)
N/A
Minimum Opening Deposit
$30
Minimum Balance to Earn APY
N/A
Tremont Credit Union Business Savings Account Review
Tremont Credit Union Business Savings Account is offered by Tremont Credit Union, a credit union founded in 1952 and based in Milton, MA. Tremont Credit Union Business Savings Account are available in 50 states, 5 US territories, and Washington, DC.
Key Takeaways
- Waivable monthly maintenance fee. Avoid the $5 monthly service fee by maintaining a minimum balance of $30.
Tremont Credit Union Business Savings Account Pros & Cons
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Tremont Credit Union Business Savings Account FAQ
Are business savings accounts from Tremont Credit Union federally insured?
Yes, your business savings accounts are insured up to $250,000 per share owner for each account ownership category. The National Credit Union Administration (NCUA), a federal agency, administers the insurance fund and regulates federally insured credit unions. The fund is backed by the full faith and credit of the U.S. Government.
Does Tremont Credit Union offer a signup bonus?
Tremont Credit Union Business Savings Account doesn't offer a signup bonus.
What is the minimum initial deposit for Tremont Credit Union Business Savings Account?
The minimum deposit to open a Tremont Credit Union Business Savings Account is $30.00.| Description | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Minimum Average Balance to Avoid Monthly Service Fee | $5.00 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Minimum Opening Deposit | $30.00 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Minimum Required Balance | $30.00 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
What APY does Tremont Credit Union Business Savings Account offer?
Tremont Credit Union Business Savings Account is not an interest-bearing account.
What fees does Tremont Credit Union Business Savings Account charge?
This account charges a monthly service fee of $30.00. However, you can waive the monthly fees if you have a minimum daily balance of $5.00.
- Outgoing domestic bank transfers come with a $20.00 fee.
- Incoming domestic bank transfers come with a $10.00 fee.
- An overdraft on your account will trigger a $32.00 fee per item.
- Tremont Credit Union Business Savings Account charges $5.00 every time you request a paper statement.
Does Tremont Credit Union Business Savings Account charge overdraft fees?
Yes, Tremont Credit Union Business Savings Account charges a $32.00 overdraft fee. Tremont Credit Union Business Savings Account offers overdraft protection at a cost of $5.00 per transaction. This overdraft protection fee is charged every time the bank arranges a transfer from another one of your accounts, typically a savings account, to cover the overdraft.
What features and perks does Tremont Credit Union Business Savings Account offer?
This savings account includes the following features:
- Mobile Banking Services - Tremont Credit Union Business Savings Account allows you to manage your money online or with a mobile app.
- Nationwide ATM network - Conveniently transact at a nearby ATM.
Can you set up a direct deposit to Tremont Credit Union Business Savings Account?
Yes, you can typically set up a direct deposit to this account. However, it depends on the direct deposit program your employer uses. Most direct deposit programs allow you to send your paycheck to a savings or checking account. In some cases, you can even split your paycheck between the two.
What is the customer support email for Tremont Credit Union Business Savings Account?
The customer support email for Tremont Credit Union Business Savings Account is info@tremontcu.org.
Is Tremont Credit Union Business Savings Account legit?
Tremont Credit Union was founded in 1952; it is a well-established company that has been in business for 74 years.
Unfortunately, we don't have sufficient community reviews to provide a reliable rating of their user experience and customer service.
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Hours of Operation
Sunday
Closed
Monday
9:00AM - 5:00PM
Tuesday
9:00AM - 5:00PM
Wednesday
9:00AM - 5:00PM
Thursday
9:00AM - 5:00PM
Friday
9:00AM - 5:00PM
Saturday
Closed