Last Updated: 04/18/2025
EFCU Financial FCU Individual Retirement Accounts
Unaffiliated
Last Updated: 04/18/2025
No Reviews Yet
This product has no reviews yet. Help others by sharing your thoughts.
Be the first to rate
Cast Your Vote
Compare All Savings Accounts
Filter & compare all your options in one place.
Highlights
APY (Annual Percentage Yield)
0.25%(Verified 06/21/2024)
Minimum Opening Deposit
$0
Minimum Balance to Earn APY
$0
EFCU Financial FCU Individual Retirement Accounts Review
EFCU Financial FCU Individual Retirement Accounts is offered by EFCU Financial Federal Credit Union, a credit union founded in 1934 and based in Baton Rouge, LA. EFCU Financial FCU Individual Retirement Accounts are available in 50 states and Washington, DC.
Key Takeaways
- Higher than average APY. EFCU Financial FCU Individual Retirement Accounts has an annual percentage yield of up to 0.25%, 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.
EFCU Financial FCU Individual Retirement Accounts Pros & Cons
| Pros | Cons |
|
|
EFCU Financial FCU Individual Retirement Accounts FAQ
Are savings accounts from EFCU Financial 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 EFCU Financial Federal Credit Union offer a signup bonus?
EFCU Financial FCU Individual Retirement Accounts doesn't offer a signup bonus.
What is the minimum initial deposit for EFCU Financial FCU Individual Retirement Accounts?
There is no minimum deposit to open a EFCU Financial FCU Individual Retirement Accounts.| 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 EFCU Financial FCU Individual Retirement Accounts offer?
EFCU Financial FCU Individual Retirement Accounts 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 EFCU Financial FCU Individual Retirement Accounts charge?
EFCU Financial FCU Individual Retirement Accounts does not charge a monthly service fee. See the fee breakdown section below to view all fees.
- Outgoing domestic bank transfers come with a $15.00 fee.
- Outgoing international bank transfers come with a $40.00 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 $25.00 fee per item.
Does EFCU Financial FCU Individual Retirement Accounts charge overdraft fees?
Yes, EFCU Financial FCU Individual Retirement Accounts charges a $25.00 overdraft fee. EFCU Financial FCU Individual Retirement Accounts 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 EFCU Financial FCU Individual Retirement Accounts offer?
This savings account includes the following features:
- Mobile Banking Services - EFCU Financial FCU Individual Retirement Accounts allows you to manage your money online or with a mobile app.
Can you set up a direct deposit to EFCU Financial FCU Individual Retirement Accounts?
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 EFCU Financial FCU Individual Retirement Accounts?
The customer support email for EFCU Financial FCU Individual Retirement Accounts is community@efcufinancial.org.
SuperMoney Disclosure: SuperMoney.com is an independent, advertising-supported service. The owner of this website may be compensated in exchange for featured placement of certain sponsored products and services, or your clicking on links posted on this website. Read more...
Editorial Disclaimer: Editorial and user-generated content on this page is not provided or commissioned by the issuer. Opinions expressed here are the author's alone and have not been approved or otherwise endorsed by any financial institution, including those that are advertising partners.
Hours of Operation
Sunday
Closed
Monday
8:30AM - 5:00PM
Tuesday
8:30AM - 5:00PM
Wednesday
8:30AM - 5:00PM
Thursday
8:30AM - 5:00PM
Friday
8:30AM - 5:00PM
Saturday
Closed