Last Updated: 04/18/2025
Linn-Co FCU Share Savings Account
Unaffiliated
Last Updated: 04/18/2025
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Highlights
APY (Annual Percentage Yield)
0.05%(Verified 06/21/2024)
Minimum Opening Deposit
$25
Minimum Balance to Earn APY
$100
Linn-Co FCU Share Savings Account Review
Linn-Co FCU Share Savings Account is offered by Linn-Co Federal Credit Union, a credit union founded in 1956 and based in Lebanon, OR. Linn-Co FCU Share Savings Account are available in 50 states and Washington, DC.
Key Takeaways
- Low interest rate. The maximum annual percentage yield for this account is only 0.05%.
- Waivable monthly maintenance fee. $5 (waived if account maintains a minimum* cumulative balance of $100, or member has an active loan with a balance of over $100)
Linn-Co FCU Share Savings Account Pros & Cons
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Linn-Co FCU Share Savings Account FAQ
Are savings accounts from Linn-Co 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 Linn-Co Federal Credit Union offer a signup bonus?
Linn-Co FCU Share Savings Account doesn't offer a signup bonus.
What is the minimum initial deposit for Linn-Co FCU Share Savings Account?
The minimum deposit to open a Linn-Co FCU Share Savings Account is $25.00.| Description | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Minimum Average Balance to Avoid Monthly Service Fee | $100.00 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Minimum Balance to Earn APY | $100.00 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Minimum Opening Deposit | $25.00 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
What APY does Linn-Co FCU Share Savings Account offer?
Linn-Co FCU Share Savings Account offers an APY of 0.05% (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 Linn-Co FCU Share Savings Account charge?
This account charges a monthly service fee of $5.00. However, you can waive the monthly fees if you have a minimum daily balance of $100.00.
- Outgoing domestic bank transfers come with a $30.00 fee.
- Incoming domestic bank transfers come with a $10.00 fee.
- Linn-Co FCU Share Savings Account charges a $25.00 fee for an early account closure. Contact Linn-Co FCU Share Savings Account for more details on what is considered an early closure.
- An overdraft on your account will trigger a $30.00 fee per item.
- Linn-Co FCU Share Savings Account charges $5.00 every time you request a paper statement.
Does Linn-Co FCU Share Savings Account charge overdraft fees?
Yes, Linn-Co FCU Share Savings Account charges a $30.00 overdraft fee. Linn-Co FCU Share 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 Linn-Co FCU Share Savings Account offer?
This savings account includes the following features:
Can you set up a direct deposit to Linn-Co FCU Share 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 Linn-Co FCU Share Savings Account?
The customer support email for Linn-Co FCU Share Savings Account is memberservice@linncofcu.org.
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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 - 6:00PM
Saturday
Closed