Last Updated: 04/18/2025
High Peaks FCU Montana Medical Savings Account
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Last Updated: 04/18/2025
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Highlights
APY (Annual Percentage Yield)
1.26%(Verified 07/31/2024)
Minimum Opening Deposit
$0
Minimum Balance to Earn APY
N/A
High Peaks FCU Montana Medical Savings Account Review
High Peaks FCU Montana Medical Savings Account is offered by High Peaks Federal Credit Union, a credit union founded in 1961 and based in Dillon, MT. High Peaks FCU Montana Medical Savings Account are available in 50 states, 5 US territories, and Washington, DC.
Key Takeaways
- High yield savings. This account offers an annual percentage yield of up to 1.26%, which is much higher than the average interest rate for a savings account.
- No monthly maintenance fees. This account does not charge any monthly account fees.
- No minimum initial deposit. There is no minimum balance required to open an account online.
High Peaks FCU Montana Medical Savings Account Pros & Cons
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High Peaks FCU Montana Medical Savings Account FAQ
Are savings accounts from High Peaks 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 High Peaks Federal Credit Union offer a signup bonus?
High Peaks FCU Montana Medical Savings Account doesn't offer a signup bonus.
What is the minimum initial deposit for High Peaks FCU Montana Medical Savings Account?
There is no minimum deposit to open a High Peaks FCU Montana Medical Savings Account.| Description | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Minimum Average Balance to Avoid Monthly Service Fee | $0.00 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Minimum Opening Deposit | $0.00 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
What APY does High Peaks FCU Montana Medical Savings Account offer?
High Peaks FCU Montana Medical Savings Account offers an APY of 1.26% (APY stands for annual percentage yield, rates may change). This is much higher than the average savings account rate.
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 High Peaks FCU Montana Medical Savings Account charge?
High Peaks FCU Montana Medical Savings 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 $20.00 fee.
- Incoming domestic bank transfers come with a $15.00 fee.
- Outgoing international bank transfers come with a $45.00 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 $15.00 fee.
- An overdraft on your account will trigger a $30.00 fee per item.
Does High Peaks FCU Montana Medical Savings Account charge overdraft fees?
Yes, High Peaks FCU Montana Medical Savings Account charges a $30.00 overdraft fee. High Peaks FCU Montana Medical Savings Account offers overdraft protection at a cost of $5.00 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 High Peaks FCU Montana Medical Savings Account offer?
This savings account includes the following features:
- Mobile Banking Services - High Peaks FCU Montana Medical 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 High Peaks FCU Montana Medical 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 High Peaks FCU Montana Medical Savings Account?
The customer support email for High Peaks FCU Montana Medical Savings Account is info@highpeaksfcu.com.
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Hours of Operation
Sunday
Closed
Monday
8:30AM - 5:00PM
Tuesday
8:30AM - 5:00PM
Wednesday
8:30AM - 5:00PM
Thursday
8:30AM - 5:00PM
Friday
8:30AM - 5:00PM
Saturday
Closed