Alaska USA FCU Share Savings Account

Alaska USA FCU Share Savings Account Review

Alaska USA FCU Share Savings Account is offered by Alaska USA Federal Credit Union, a credit union founded in 1992 and based in Anchorage, AK. Alaska USA FCU Share Savings Account are available in 4 states across the USA.

Key Takeaways

• Low interest rate. The maximum annual percentage yield for this account is only 0.05%.
• $0 monthly account fees available. This account charges a monthly service fee of up to $1.67, but the fee is waived if you keep a minimum balance of $50.
• No ATM fees. Alaska USA FCU Share Savings Account does not charge fees on ATM transactions.

Alaska USA savings account Pros & Cons

Pros	Cons
Dividend-yielding account. Insured by NCUA. Access to physical branches.	No signup bonus. Does not come with a debit card Only available in 4 states. Higher than average wire transfer fees. Monthly service charge.

Alaska USA savings account FAQ

Are savings accounts from Alaska USA Federal Credit Union federally insured?

Yes, your Alaska USA Federal Credit Union 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 Alaska USA Federal Credit Union offer a signup bonus?

Alaska USA savings account doesn't offer a signup bonus.

What is the minimum initial deposit for Alaska USA savings account?

Alaska USA FCU Share Savings Account Minimums

Description
Minimum Balance to Avoid Monthly Fee	Starting at $50
Minimum Balance to Earn APY	$50

What APY does Alaska USA FCU Share Savings Account offer?

Alaska USA savings account offers an APY of 0.05% (APY stands for annual percentage yield, rates may change).

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 Alaska USA savings account charge?

Alaska USA savings account does not charge a monthly service fee. See the fee breakdown section below to view all fees.

However, you can waive the monthly fees if you have a minimum daily balance of $50.

• Outgoing domestic bank transfers come with a $20 fee.
• Incoming domestic bank transfers come with a $20 fee.
• Outgoing international bank transfers come with a $50 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 $50 fee.

What features and perks does Alaska USA savings account offer?

This savings account includes the following features:

• Fraud monitoring - Alaska USA savings account 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.
• Mobile Banking Services - Alaska USA savings account 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.
• Nationwide ATM network - Conveniently transact at a nearby ATM.

Can you set up a direct deposit to Alaska USA 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 Alaska USA savings account?

The customer support email for Alaska USA savings account is memberserviceatalaskausa.org.