Last Updated: 04/18/2025
Embold FCU Business Primary Share Account
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Last Updated: 04/18/2025
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Highlights
APY (Annual Percentage Yield)
0.05%(Verified 06/21/2024)
Minimum Opening Deposit
$5
Minimum Balance to Earn APY
$0
Embold FCU Business Primary Share Account Review
Embold FCU Business Primary Share Account is offered by Embold Federal Credit Union, a credit union founded in 1957 and based in Oak Grove, OR. Embold FCU Business Primary Share Account are available in 50 states and Washington, DC.
Key Takeaways
- Low interest rate. The maximum annual percentage yield for this account is only 0.05%.
- 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.
Embold FCU Business Primary Share Account Pros & Cons
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Embold FCU Business Primary Share Account FAQ
Are savings accounts from Embold 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 Embold Federal Credit Union offer a signup bonus?
Embold FCU Business Primary Share Account doesn't offer a signup bonus.
What is the minimum initial deposit for Embold FCU Business Primary Share Account?
The minimum deposit to open a Embold FCU Business Primary Share Account is $5.00.| Description | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Minimum Average Balance to Avoid Monthly Service Fee | $0.00 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Minimum Balance to Earn APY | $0.00 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Minimum Opening Deposit | $5.00 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
What APY does Embold FCU Business Primary Share Account offer?
Embold FCU Business Primary Share Account offers an APY of 0.05% (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 Embold FCU Business Primary Share Account charge?
Embold FCU Business Primary 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 $18.00 fee.
- Incoming domestic bank transfers come with a $8.00 fee.
- Outgoing international bank transfers come with a $55.00 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 $25.00 fee.
- An overdraft on your account will trigger a $12.00 fee per item.
- Embold FCU Business Primary Share Account charges $3.00 every time you request a paper statement.
Does Embold FCU Business Primary Share Account charge overdraft fees?
Yes, Embold FCU Business Primary Share Account charges a $12.00 overdraft fee.What features and perks does Embold FCU Business Primary Share Account offer?
This savings account includes the following features:
- Mobile Banking Services - Embold FCU Business Primary 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 Embold FCU Business Primary 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 Embold FCU Business Primary Share Account?
The customer support email for Embold FCU Business Primary Share Account is memberservice@emboldcu.org.
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Hours of Operation
SundayClosedMonday9:00AM - 5:30PMTuesday9:00AM - 5:30PMWednesday9:00AM - 5:30PMThursday9:00AM - 5:30PMFriday9:00AM - 5:30PMSaturday9:00AM - 1:00PM
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Minimum Opening Deposit
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Minimum Balance to Earn APY
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Disclaimer popup with additional information
Minimum Opening Deposit
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Minimum Balance to Earn APY
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Rating not yet determined
APY (Annual Percentage Yield)
0.05%
Disclaimer popup with additional information
Minimum Opening Deposit
$5
Minimum Balance to Earn APY
$0
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