Last Updated: 04/18/2025
Franklin Trust FCU IRA Accumulator Account
Unaffiliated
Last Updated: 04/18/2025
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Highlights
APY (Annual Percentage Yield)
0.010%(Verified 06/21/2024)
Minimum Opening Deposit
$25
Minimum Balance to Earn APY
$200
Franklin Trust FCU IRA Accumulator Account Review
Franklin Trust FCU IRA Accumulator Account is offered by Franklin Trust Federal Credit Union, a credit union founded in 1934 and based in Hartford, CT. Franklin Trust FCU IRA Accumulator Account are available in 50 states and Washington, DC.
Key Takeaways
- Low interest rate. The maximum annual percentage yield for this account is only 0.010%.
Franklin Trust FCU IRA Accumulator Account Pros & Cons
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Franklin Trust FCU IRA Accumulator Account FAQ
Are savings accounts from Franklin Trust 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 Franklin Trust Federal Credit Union offer a signup bonus?
Franklin Trust FCU IRA Accumulator Account doesn't offer a signup bonus.
What is the minimum initial deposit for Franklin Trust FCU IRA Accumulator Account?
The minimum deposit to open a Franklin Trust FCU IRA Accumulator Account is $25.00.| Description | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Minimum Balance to Earn APY | $200.00 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Minimum Opening Deposit | $25.00 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
What APY does Franklin Trust FCU IRA Accumulator Account offer?
Franklin Trust FCU IRA Accumulator Account offers an APY of 0.010% (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 Franklin Trust FCU IRA Accumulator Account charge?
Franklin Trust FCU IRA Accumulator Account does not charge a monthly service fee. See the fee breakdown section below to view all fees.
Can you set up a direct deposit to Franklin Trust FCU IRA Accumulator 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 Franklin Trust FCU IRA Accumulator Account?
The customer support email for Franklin Trust FCU IRA Accumulator Account is ftfcu@franklintrust.org.
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Hours of Operation
Sunday
Closed
Monday
7:30AM - 4:30PM
Tuesday
7:30AM - 4:30PM
Wednesday
10:00AM - 1:00PM
Thursday
7:30AM - 5:30PM
Friday
7:30AM - 4:30PM
Saturday
9:00AM - 12:00PM