Last Updated: 04/18/2025
Destinations Credit Union IRA Share Account
Unaffiliated
Last Updated: 04/18/2025
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Highlights
APY (Annual Percentage Yield)
0.15%(Verified 06/21/2024)
Minimum Opening Deposit
$25
Minimum Balance to Earn APY
$25
Destinations Credit Union IRA Share Account Review
Destinations Credit Union IRA Share Account is offered by Destinations Credit Union, a credit union founded in 1935 and based in Parkville, MD. Destinations Credit Union IRA Share Account are available in 50 states, 5 US territories, and Washington, DC.
Key Takeaways
- Low interest rate. The maximum annual percentage yield for this account is only 0.15%.
- No monthly maintenance fees. This account does not charge any monthly account fees.
Destinations Credit Union IRA Share Account Pros & Cons
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Destinations Credit Union IRA Share Account FAQ
Are savings accounts from Destinations 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 Destinations Credit Union offer a signup bonus?
Destinations Credit Union IRA Share Account doesn't offer a signup bonus.
What is the minimum initial deposit for Destinations Credit Union IRA Share Account?
The minimum deposit to open a Destinations Credit Union IRA Share Account is $25.00.| Description | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Minimum Average Balance to Avoid Monthly Service Fee | $0.00 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Minimum Balance to Earn APY | $25.00 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Minimum Opening Deposit | $25.00 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
What APY does Destinations Credit Union IRA Share Account offer?
Destinations Credit Union IRA Share Account offers an APY of 0.15% (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 Destinations Credit Union IRA Share Account charge?
Destinations 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 $30.00 fee.
- Incoming domestic bank transfers come with a $10.00 fee.
- An overdraft on your account will trigger a $32.00 fee per item.
- Destinations Credit Union IRA Share Account charges $10.00 every time you request a paper statement.
Does Destinations Credit Union IRA Share Account charge overdraft fees?
Yes, Destinations Credit Union IRA Share Account charges a $32.00 overdraft fee.What features and perks does Destinations Credit Union IRA Share Account offer?
This savings account includes the following features:
- Mobile Banking Services - Destinations 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 Destinations 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 Destinations Credit Union IRA Share Account?
The customer support email for Destinations Credit Union IRA Share Account is info@destinationscu.org.
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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