Last Updated: 04/18/2025
Ferguson FCU IRA Savings Account
Unaffiliated
Last Updated: 04/18/2025
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Highlights
APY (Annual Percentage Yield)
0.65% - 0.96%(Verified 06/21/2024)
Minimum Opening Deposit
$0
Minimum Balance to Earn APY
$500
Ferguson FCU IRA Savings Account Review
Ferguson FCU IRA Savings Account is offered by Ferguson Federal Credit Union, a credit union founded in and based in Monticello, MS. Ferguson FCU IRA Savings Account are available in 50 states and Washington, DC.
Key Takeaways
- Higher than average APY. Ferguson FCU IRA Savings Account has an annual percentage yield of up to 0.96%, which is higher than the average interest rate for savings accounts. Note that you must keep a minimum balance of $500.00 to earn that interest rate.
- Charges a monthly fee. This account charges a monthly fee of $0.8333.
- No minimum initial deposit. There is no minimum balance required to open an account online.
Ferguson FCU IRA Savings Account Pros & Cons
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Ferguson FCU IRA Savings Account FAQ
Are savings accounts from Ferguson 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 Ferguson Federal Credit Union offer a signup bonus?
Ferguson FCU IRA Savings Account doesn't offer a signup bonus.
What is the minimum initial deposit for Ferguson FCU IRA Savings Account?
There is no minimum deposit to open a Ferguson FCU IRA Savings Account.| Description | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Minimum Average Balance to Avoid Monthly Service Fee | $0.00 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Minimum Balance to Earn APY | $500.00 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Minimum Opening Deposit | $0.00 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
What APY does Ferguson FCU IRA Savings Account offer?
Ferguson FCU IRA Savings Account offers a variable APY starting at 0.65% and ranging up to 0.96% (APY stands for annual percentage yield, rates may change).
What fees does Ferguson FCU IRA Savings Account charge?
This account charges a monthly service fee of $0.8333.
- Outgoing domestic bank transfers come with a $25.00 fee.
- Ferguson FCU IRA Savings Account charges a $100.00 fee for an early account closure. Contact Ferguson FCU IRA Savings Account for more details on what is considered an early closure.
- An overdraft on your account will trigger a $25.00 fee per item.
- Ferguson FCU IRA Savings Account charges $2.00 every time you request a paper statement.
Does Ferguson FCU IRA Savings Account charge overdraft fees?
Yes, Ferguson FCU IRA Savings Account charges a $25.00 overdraft fee. Ferguson FCU IRA Savings Account offers overdraft protection at a cost of $3.00 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 Ferguson FCU IRA Savings Account offer?
This savings account includes the following features:
- Mobile Banking Services - Ferguson FCU IRA Savings 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 Ferguson FCU IRA Savings 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 Ferguson FCU IRA Savings Account?
The customer support email for Ferguson FCU IRA Savings Account is memberservices@fergsuonfcu.org.
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Hours of Operation
Sunday
Closed
Monday
8:30AM - 4:30PM
Tuesday
8:30AM - 4:30PM
Wednesday
8:30AM - 4:30PM
Thursday
8:30AM - 4:30PM
Friday
9:00AM - 5:00PM
Saturday
Closed