Last Updated: 01/21/2026
Fedmont FCU Share Draft (Checking) Account
Unaffiliated
Last Updated: 01/21/2026
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Highlights
Welcome Offer
N/A
Cashback Rewards
N/A
APY (Annual Percentage Yield)
0.11%(Verified 07/10/2024)
Monthly Service Fee
$0(Verified 01/21/2026)
Fedmont FCU Share Draft (Checking) Account Review
The Fedmont FCU Share Draft (Checking) Account is offered by Fedmont Federal Credit Union, a credit union founded in 1960 and based in Montgomery, AL. Fedmont FCU Share Draft (Checking) Account is available in 50 states, 5 US territories, and Washington, DC.
Key Takeaways
- Higher than average APY. Fedmont FCU Share Draft (Checking) Account has an annual percentage yield of up to 0.11%, which is higher than the national average interest rate on savings accounts. Note that you must keep a minimum balance of $1000.00.
- No monthly maintenance fees. This account does not charge any monthly account fees.
- No minimum initial deposit. There is no minimum balance required to open an account online.
Fedmont FCU Share Draft (Checking) Account Pros & Cons
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Fedmont FCU Share Draft (Checking) Account FAQ
Are checking accounts from Fedmont Federal Credit Union federally insured?
Yes, your checking 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.
What APY does Fedmont FCU Share Draft (Checking) Account offer?
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| APY (Annual Percentage Yield) | 0.11% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Fedmont FCU Share Draft (Checking) Account offers an APY of 0.11% (APY stands for annual percentage yield, rates may change). However, to earn interest, account holders must keep an average beginning day balance of $1000.00.
What are the account minimums for Fedmont FCU Share Draft (Checking) Account?
Fedmont FCU Share Draft (Checking) Account does not require a minimum initial deposit.
| Description | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Minimum Average Balance to Avoid Monthly Service Fee | $0.00 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Minimum Balance to Earn APY | $1,000.00 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Minimum Opening Deposit | $0.00 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
What fees does Fedmont FCU Share Draft (Checking) Account charge?
The good news is that this account does not have a monthly Service Charge.
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| Monthly Service Fee | $0.00 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
What features and perks does Fedmont FCU Share Draft (Checking) Account offer?
This account includes the following features:
- Mobile Banking Services - Fedmont FCU Share Draft (Checking) Account allows you to manage your money online or with a mobile app.
- Nationwide ATM network - Conveniently transact at a nearby ATM.
What is the customer support email for Fedmont FCU Share Draft (Checking) Account?
The customer support email for Fedmont FCU Share Draft (Checking) Account is Fedmont@FedmontFCU.org.
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Hours of Operation
Sunday
Closed
Monday
9:00AM - 4:00PM
Tuesday
9:00AM - 4:00PM
Wednesday
9:00AM - 4:00PM
Thursday
9:00AM - 4:00PM
Friday
9:00AM - 5:30PM
Saturday
Closed