MembersFirst Credit Union Membership Savings

Key Takeaways

• Low interest rate. The maximum annual percentage yield for this account is only 0.05%.
• Small minimum initial deposit. You only need $5 to open an account.

MembersFirst Credit Union Membership Savings Pros & Cons

MembersFirst Credit Union Membership Savings FAQ

Are savings accounts from MembersFirst Credit Union federally insured?

Does MembersFirst Credit Union offer a signup bonus?

What is the minimum initial deposit for MembersFirst Credit Union Membership Savings?

The minimum deposit to open a MembersFirst Credit Union Membership Savings is $5.

What APY does MembersFirst Credit Union Membership Savings offer?

The interest rate on a savings account or checking account can change based, in part, on what the Federal Reserve does. Note that the APY of a savings account is the amount of interest you will earn if you keep your money in the account for a full year expressed as a percentage. The difference between an APY and an interest rate is that the APY takes into account how often your money earns interest (or compounds). The more often your money compounds, the more it will earn. Savings accounts with an interest rate that compounds daily, for example, will earn a higher return (and therefore a higher APY) than savings accounts that compound annually.

What fees does MembersFirst Credit Union Membership Savings charge?

• Outgoing domestic bank transfers come with a $15 fee.
• Incoming domestic bank transfers come with a $10 fee.
• Outgoing international bank transfers come with a $60 fee. You can save a ton of money in fees if you use use a nonbank money transfer service.
• Incoming international bank transfers come with a $60 fee.
• MembersFirst Credit Union Membership Savings charges a $20 fee for an early account closure. Contact MembersFirst Credit Union Membership Savings for more details on what is considered an early closure.
• MembersFirst Credit Union Membership Savings charges $3 every time you request a paper statement.

What features and perks does MembersFirst Credit Union Membership Savings offer?

• Fraud monitoring - MembersFirst Credit Union Membership Savings monitors transactions for potentially fraudulent activity, such as when a debit card is unexpectedly used in a different location, or you make a sudden string of costly purchases.
• Free Online Bill Pay - Online Bill Pay allows you to pay bills easily from your account.
• Mobile Banking Services - MembersFirst Credit Union Membership Savings allows you to manage your money online or with a mobile app. This includes depositing checks in your account with a mobile app on your smartphone.

Can you set up a direct deposit to MembersFirst Credit Union Membership Savings?

What is the customer support email for MembersFirst Credit Union Membership Savings?