Last Updated: 04/18/2025
Allegan Credit Union IRA Share Saving Account
Unaffiliated
from Allegan Credit Union
Last Updated: 04/18/2025
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Highlights
APY (Annual Percentage Yield)
0.50%(Verified 06/21/2024)
Minimum Opening Deposit
$0
Minimum Balance to Earn APY
$0
Allegan Credit Union IRA Share Saving Account Review
Allegan Credit Union IRA Share Saving Account is offered by Allegan Credit Union, a credit union founded in 1945 and based in Allegan, MI. Allegan Credit Union IRA Share Saving Account are available in 50 states and Washington, DC.
Key Takeaways
- Higher than average APY. Allegan Credit Union IRA Share Saving Account has an annual percentage yield of up to 0.50%, which is higher than the average interest rate for savings accounts.
- 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.
Allegan Credit Union IRA Share Saving Account Pros & Cons
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Allegan Credit Union IRA Share Saving Account FAQ
Are savings accounts from Allegan Credit Union federally insured?
Yes, your 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 Allegan Credit Union offer a signup bonus?
Allegan Credit Union IRA Share Saving Account doesn't offer a signup bonus.
What is the minimum initial deposit for Allegan Credit Union IRA Share Saving Account?
There is no minimum deposit to open a Allegan Credit Union IRA Share Saving Account.| Description | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Minimum Average Balance to Avoid Monthly Service Fee | $0.00 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Minimum Balance to Earn APY | $0.00 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Minimum Opening Deposit | $0.00 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
What APY does Allegan Credit Union IRA Share Saving Account offer?
Allegan Credit Union IRA Share Saving Account offers an APY of 0.50% (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 Allegan Credit Union IRA Share Saving Account charge?
Allegan Credit Union IRA Share Saving Account does not charge a monthly service fee. See the fee breakdown section below to view all fees.
- Outgoing domestic bank transfers come with a $10.00 fee.
- Outgoing international bank transfers come with a $30.00 fee. You can save a ton of money in fees if you use use a nonbank money transfer service.
- An overdraft on your account will trigger a $27.00 fee per item.
- Allegan Credit Union IRA Share Saving Account charges $2.00 every time you request a paper statement.
Does Allegan Credit Union IRA Share Saving Account charge overdraft fees?
Yes, Allegan Credit Union IRA Share Saving Account charges a $27.00 overdraft fee. Allegan Credit Union IRA Share Saving Account offers overdraft protection at a cost of $2.00 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 Allegan Credit Union IRA Share Saving Account offer?
This savings account includes the following features:
- Mobile Banking Services - Allegan Credit Union IRA Share Saving 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 Allegan Credit Union IRA Share Saving 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 Allegan Credit Union IRA Share Saving Account?
The customer support email for Allegan Credit Union IRA Share Saving Account is info@allegancu.com.
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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 - 5:30PM
Saturday
9:00AM - 12:00PM
Other Services by Allegan Credit Union
Other Savings Accounts from Allegan Credit Union
Rating not yet determined
APY (Annual Percentage Yield)
0.10%
Disclaimer popup with additional information
Minimum Opening Deposit
$0
Minimum Balance to Earn APY
$100
Rating not yet determined
APY (Annual Percentage Yield)
0.10%
Disclaimer popup with additional information
Minimum Opening Deposit
$0
Minimum Balance to Earn APY
$100
Rating not yet determined
APY (Annual Percentage Yield)
0.60%
Disclaimer popup with additional information
Minimum Opening Deposit
$0
Minimum Balance to Earn APY
$0
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