Last Updated: 04/18/2025
CME Federal Credit Union IRA Share Account
Unaffiliated
Last Updated: 04/18/2025
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Highlights
APY (Annual Percentage Yield)
0.25%(Verified 06/21/2024)
Minimum Opening Deposit
$0
Minimum Balance to Earn APY
$50
CME Federal Credit Union IRA Share Account Review
CME Federal Credit Union IRA Share Account is offered by CME Federal Credit Union, a credit union founded in 1935 and based in Columbus, OH. CME Federal Credit Union IRA Share Account are available in 50 states, 5 US territories, and Washington, DC.
Key Takeaways
- Higher than average APY. CME Federal Credit Union IRA Share Account has an annual percentage yield of up to 0.25%, which is higher than the average interest rate for savings accounts. Note that you must keep a minimum balance of $50.00 to earn that interest rate.
- 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.
- No ATM fees. CME Federal Credit Union IRA Share Account does not charge fees on ATM transactions .
CME Federal Credit Union IRA Share Account Pros & Cons
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CME Federal Credit Union IRA Share Account FAQ
Are savings accounts from CME Federal 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 CME Federal Credit Union offer a signup bonus?
CME Federal Credit Union IRA Share Account doesn't offer a signup bonus.
What is the minimum initial deposit for CME Federal Credit Union IRA Share Account?
There is no minimum deposit to open a CME Federal Credit Union IRA Share Account.| Description | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Minimum Average Balance to Avoid Monthly Service Fee | $0.00 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Minimum Balance to Earn APY | $50.00 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Minimum Opening Deposit | $0.00 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
What APY does CME Federal Credit Union IRA Share Account offer?
CME Federal Credit Union IRA Share Account offers an APY of 0.25% (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 CME Federal Credit Union IRA Share Account charge?
CME Federal Credit Union IRA Share 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 $25.00 fee.
- Incoming domestic bank transfers come with a $15.00 fee.
- Outgoing international bank transfers come with a $45.00 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 $28.00 fee per item.
- CME Federal Credit Union IRA Share Account charges $2.00 every time you request a paper statement.
Does CME Federal Credit Union IRA Share Account charge overdraft fees?
Yes, CME Federal Credit Union IRA Share Account charges a $28.00 overdraft fee.What features and perks does CME Federal Credit Union IRA Share Account offer?
This savings account includes the following features:
- Mobile Banking Services - CME Federal Credit Union IRA Share 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 CME Federal Credit Union IRA Share 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 CME Federal Credit Union IRA Share Account?
The customer support email for CME Federal Credit Union IRA Share Account is info@cmefcu.org.
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Hours of Operation
Sunday
Closed
Monday
8:30AM - 5:30PM
Tuesday
8:30AM - 5:30PM
Wednesday
8:30AM - 5:30PM
Thursday
8:30AM - 5:30PM
Friday
8:30AM - 5:30PM
Saturday
9:00AM - 1:00PM