Last Updated: 04/18/2025
First Imperial Credit Union Summer Saver Account
Unaffiliated
Last Updated: 04/18/2025
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Highlights
APY (Annual Percentage Yield)
1.00%(Verified 06/21/2024)
Minimum Opening Deposit
$50
Minimum Balance to Earn APY
$50
First Imperial Credit Union Summer Saver Account Review
First Imperial Credit Union Summer Saver Account is offered by First Imperial Credit Union, a credit union founded in 1942 and based in El Centro, CA. First Imperial Credit Union Summer Saver Account are available in 50 states, 5 US territories, and Washington, DC.
Key Takeaways
- Higher than average APY. First Imperial Credit Union Summer Saver Account has an annual percentage yield of up to 1.00%, which is higher than the average interest rate for savings accounts. Note that you must keep a minimum balance of $50.00 to earn that interest rate.
- No monthly maintenance fees. This account does not charge any monthly account fees.
First Imperial Credit Union Summer Saver Account Pros & Cons
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First Imperial Credit Union Summer Saver Account FAQ
Are savings accounts from First Imperial 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 First Imperial Credit Union offer a signup bonus?
First Imperial Credit Union Summer Saver Account doesn't offer a signup bonus.
What is the minimum initial deposit for First Imperial Credit Union Summer Saver Account?
The minimum deposit to open a First Imperial Credit Union Summer Saver Account is $50.00.| Description | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Minimum Average Balance to Avoid Monthly Service Fee | $0.00 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Minimum Balance to Earn APY | $50.00 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Minimum Opening Deposit | $50.00 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
What APY does First Imperial Credit Union Summer Saver Account offer?
First Imperial Credit Union Summer Saver Account offers an APY of 1.00% (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 First Imperial Credit Union Summer Saver Account charge?
First Imperial Credit Union Summer Saver 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.
- Outgoing international bank transfers come with a $60.00 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 $33.00 fee per item.
- First Imperial Credit Union Summer Saver Account charges $2.00 every time you request a paper statement.
Does First Imperial Credit Union Summer Saver Account charge overdraft fees?
Yes, First Imperial Credit Union Summer Saver Account charges a $33.00 overdraft fee. First Imperial Credit Union Summer Saver 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 First Imperial Credit Union Summer Saver Account offer?
This savings account includes the following features:
- Mobile Banking Services - First Imperial Credit Union Summer Saver 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 First Imperial Credit Union Summer Saver 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 First Imperial Credit Union Summer Saver Account?
The customer support email for First Imperial Credit Union Summer Saver Account is memberservice@ficu.com.
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Hours of Operation
Sunday
Closed
Monday
9:00AM - 5:00PM
Tuesday
9:00AM - 5:00PM
Wednesday
10:00AM - 5:00PM
Thursday
9:00AM - 5:00PM
Friday
9:00AM - 5:00PM
Saturday
9:00AM - 1:00PM