Last Updated: 04/18/2025
Armco CU Savings Account
Unaffiliated
in Savings Accounts from Armco Credit Union
Last Updated: 04/18/2025
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Highlights
APY (Annual Percentage Yield)
0.60% - 1.26%(Verified 07/05/2024)
Minimum Opening Deposit
$5
Minimum Balance to Earn APY
$0.01
Armco CU Savings Account Review
Armco CU Savings Account is offered by Armco Credit Union, a credit union founded in 1935 and based in Butler, PA. Armco CU Savings Account are available in 50 states, 5 US territories, and Washington, DC.
Key Takeaways
- High yield savings. This account offers an annual percentage yield of up to 1.26%, which is much higher than the average interest rate for a savings account.
- No monthly maintenance fees. This account does not charge any monthly account fees.
- Small minimum initial deposit. You only need $5.00 to open an account.
Armco CU Savings Account Pros & Cons
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Armco CU Savings Account FAQ
Are savings accounts from Armco 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 Armco Credit Union offer a signup bonus?
Armco CU Savings Account doesn't offer a signup bonus.
What is the minimum initial deposit for Armco CU Savings Account?
The minimum deposit to open a Armco CU Savings Account is $5.00.| Description | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Minimum Average Balance to Avoid Monthly Service Fee | $0.00 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Minimum Balance to Earn APY | $0.01 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Minimum Opening Deposit | $5.00 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Minimum Required Balance | $5.00 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
What APY does Armco CU Savings Account offer?
Armco CU Savings Account offers a variable APY starting at 0.60% and ranging up to 1.26% (APY stands for annual percentage yield, rates may change).
What fees does Armco CU Savings Account charge?
Armco CU Savings 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 $20.00 fee.
- Incoming 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.
- Incoming international bank transfers come with a $10.00 fee.
- An overdraft on your account will trigger a $25.00 fee per item.
- Armco CU Savings Account charges $3.00 every time you request a paper statement.
Does Armco CU Savings Account charge overdraft fees?
Yes, Armco CU Savings Account charges a $25.00 overdraft fee. Armco CU Savings Account offers overdraft protection at a cost of $7.50 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 Armco CU Savings Account offer?
This savings account includes the following features:
- Mobile Banking Services - Armco CU Savings 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 Armco CU 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 Armco CU Savings Account?
The customer support email for Armco CU Savings Account is contact@armcocu.com.
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Hours of Operation
Sunday
Closed
Monday
9:00AM - 4:30PM
Tuesday
9:00AM - 4:30PM
Wednesday
9:00AM - 4:30PM
Thursday
9:00AM - 6:00PM
Friday
9:00AM - 6:00PM
Saturday
Closed