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Last Updated: 04/18/2025

Levo Credit Union IRA Share Account

in Savings Accounts from Levo Credit Union

Last Updated: 04/18/2025

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APY (Annual Percentage Yield)

0.05% - 2.27%(Verified 06/27/2024)

Minimum Opening Deposit

$0

Minimum Balance to Earn APY

$50

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Levo Credit Union IRA Share Account Review

Levo Credit Union IRA Share Account is offered by Levo Credit Union, a credit union founded in 1934 and based in Sioux Falls, SD. Levo Credit Union IRA Share 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 2.27%, which is much higher than the average interest rate for a savings account. However, you must meet minimum balance requirements for higher APYs.
  • 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.

Levo Credit Union IRA Share Account Pros & Cons

Levo Credit Union IRA Share Account FAQ

Are savings accounts from Levo 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 Levo Credit Union offer a signup bonus?

Levo Credit Union IRA Share Account doesn't offer a signup bonus.

What is the minimum initial deposit for Levo Credit Union IRA Share Account?

There is no minimum deposit to open a Levo Credit Union IRA Share Account.

What APY does Levo Credit Union IRA Share Account offer?

Levo Credit Union IRA Share Account offers a variable APY starting at 0.05% and ranging up to 2.27% (APY stands for annual percentage yield, rates may change).

What fees does Levo Credit Union IRA Share Account charge?

Levo Credit Union 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 $20.00 fee.
  • Outgoing international bank transfers come with a $50.00 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 $30.00 fee per item.
  • Levo Credit Union IRA Share Account charges $3.00 every time you request a paper statement.

Does Levo Credit Union IRA Share Account charge overdraft fees?

Yes, Levo Credit Union IRA Share Account charges a $30.00 overdraft fee.
Levo Credit Union IRA Share 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 Levo Credit Union IRA Share Account offer?

This savings account includes the following features:
  • Free Online Bill Pay - Online Bill Pay allows you to pay bills easily from your account.
  • Mobile Banking Services - Levo Credit Union 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 Levo Credit Union 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.

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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

700 E 14th St
Sioux Falls, SD 57104
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Hours of Operation

Sunday
Closed
Monday
9:00AM - 5:00PM
Tuesday
9:00AM - 5:00PM
Wednesday
9:00AM - 5:00PM
Thursday
9:00AM - 5:00PM
Friday
9:00AM - 5:00PM
Saturday
Closed

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