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Last Updated: 04/18/2025

FAA FCU IRA Share Account

in Savings Accounts from FAA Federal Credit Union

Last Updated: 04/18/2025

FAA Federal Credit Union logo
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APY (Annual Percentage Yield)

0.90%(Verified 06/21/2024)

Minimum Opening Deposit

$5

Minimum Balance to Earn APY

$0

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FAA FCU IRA Share Account Review

FAA FCU IRA Share Account is offered by FAA Federal Credit Union, a credit union founded in 1954 and based in Memphis, TN. FAA FCU IRA Share Account are available in 50 states, 5 US territories, and Washington, DC.

Key Takeaways

  • Higher than average APY. FAA FCU IRA Share Account has an annual percentage yield of up to 0.90%, which is higher than the average interest rate for savings accounts.
  • 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.

FAA FCU IRA Share Account Pros & Cons

FAA FCU IRA Share Account FAQ

Are savings accounts from FAA 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 FAA Federal Credit Union offer a signup bonus?

FAA FCU IRA Share Account doesn't offer a signup bonus.

What is the minimum initial deposit for FAA FCU IRA Share Account?

The minimum deposit to open a FAA FCU IRA Share Account is $5.00.

What APY does FAA FCU IRA Share Account offer?

FAA FCU IRA Share Account offers an APY of 0.90% (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 FAA FCU IRA Share Account charge?

FAA FCU 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.
  • An overdraft on your account will trigger a $32.50 fee per item.
  • FAA FCU IRA Share Account charges $2.00 every time you request a paper statement.

Does FAA FCU IRA Share Account charge overdraft fees?

Yes, FAA FCU IRA Share Account charges a $32.50 overdraft fee.

What features and perks does FAA FCU IRA Share Account offer?

This savings account includes the following features:
  • Mobile Banking Services - FAA FCU 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 FAA FCU 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 FAA FCU IRA Share Account?

The customer support email for FAA FCU IRA Share Account is info@faafcu.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.

Contact

Headquarters

7974 Centennial Dr
Memphis, TN 38125
(901) 757-7999
Visit Site

Hours of Operation

Sunday
Closed
Monday
8:30AM - 4:00PM
Tuesday
8:30AM - 4:00PM
Wednesday
10:00AM - 4:00PM
Thursday
8:30AM - 4:00PM
Friday
8:30AM - 5:00PM
Saturday
Closed

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APY (Annual Percentage Yield)

0.33% - 0.45%
Disclaimer popup with additional information

Minimum Opening Deposit

$5

Minimum Balance to Earn APY

N/A

Visit Site

FAA Federal Credit Union logo

APY (Annual Percentage Yield)

0.26% - 0.37%
Disclaimer popup with additional information

Minimum Opening Deposit

$5

Minimum Balance to Earn APY

$5

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SuperMoney Net Recommendation Score

This product has no reviews yet. Help others by sharing your thoughts.

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-1000+100
No one recommends
Everyone recommends
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FAA FCU IRA Share Account Community Reviews

Would you recommend FAA FCU IRA Share Account to your friends?

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