Last Updated: 04/18/2025
Destinations Credit Union High Yield Account
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Last Updated: 04/18/2025
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Highlights
APY (Annual Percentage Yield)
0.150% - 0.200%(Verified 06/21/2024)
Minimum Balance to Earn APY
$2,500
Minimum Opening Deposit
$2,500
Destinations Credit Union High Yield Account Review
Destinations Credit Union High Yield Account is offered by Destinations Credit Union, a credit union founded in 1935 and based in Parkville, MD. Destinations Credit Union High Yield Account are available in 50 states, 5 US territories, and Washington, DC.
Key Takeaways
- Very high annual percentage yield (APY). This account offers an annual percentage yield of up to 0.200%, which is much higher than the national average for a money market account. However, you must keep a minimum balance of $2500.00.
- No monthly maintenance fees. This account does not charge any monthly account fees.
- High minumum opening deposit. You must deposit a minimum of $2,500.00, which is high compared to most money market accounts.
Pros & Cons of Destinations Credit Union High Yield Account
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Destinations Credit Union High Yield Account FAQ
Are money market accounts from Destinations Credit Union federally insured?
Yes, your money market 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 are the dividends for Destinations Credit Union High Yield Account rates?
Destinations Credit Union High Yield Account offers an APY starting at 0.150% and ranging up to 0.200% (APY stands for annual percentage yield, rates may change). However, to earn interest you must keep a minimum balance of $2500.00.
| Rates | Amount |
| APY (Annualized Percentage Yield) | 0.150% - 0.200% |
What are the fees for Destinations Credit Union High Yield Account?
Destinations Credit Union High Yield Account does not charge a monthly maintenance fee.
| Description | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Monthly Service Fee | $0.00 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Paper Statement Fee | Starting at $10.00 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| NSF Fee | $32.00 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
What is the minimum balance for Destinations Credit Union High Yield Account?
Minimum deposit of $2,500.00. You must make an initial deposit of at least $2,500.00 to open this account.
Interest rate minimum balance of $2,500.00. You must keep the account balance above $2,500.00 to earn interest.
What features and perks does Destinations Credit Union High Yield Account offer?
This account includes the following features:
- Mobile Banking Services - Destinations Credit Union High Yield Account allows you to manage your money through online banking and a dedicated mobile app.
- Nationwide ATM network - Destinations Credit Union High Yield Account allows you to access your money from an ATM, a convenient feature only a few offer.
What is the customer service phone number?
The customer service number for this account is (410) 663-2500.
What is the support contact email?
The support contact email for this business credit card is info@destinationscu.org.
How to open an account with Destinations Credit Union
- Visit the Destinations Credit Union website.
- Fill in the application form. You will typically need to provide general financial information, such as your name, Social Security Number and address.
- Check the information is accurate and submit your application.
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Hours of Operation
Sunday
Closed
Monday
8:30AM - 3:00PM
Tuesday
8:30AM - 3:00PM
Wednesday
8:30AM - 3:00PM
Thursday
8:30AM - 3:00PM
Friday
8:30AM - 4:30PM
Saturday
Closed