Louisiana Federal Savings Accounts

Louisiana Federal Savings Accounts Review

Louisiana Federal Savings Accounts is offered by louisiana federal credit union, a credit union founded in 1935 and based in LaPlace, LA. louisiana savings accounts are available in 1 state across the USA.

Key Takeaways

• Low interest rate. The maximum annual percentage yield for this account is only 0.10%.
• $0 monthly fee. This account does not charge any monthly account fees.
• Small minimum initial deposit. You only need $5 to open an account.
• No ATM fees. Louisiana Federal Savings Accounts does not charge fees on ATM transactions.

louisiana savings accounts Pros & Cons

Pros	Cons
Dividend-yielding account. Insured by NCUA.	Does not offer mobile check deposits. Does not come with a debit card Only available in one state. No signup bonus.

louisiana savings accounts FAQ

Are savings accounts from louisiana 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 Louisiana Federal Credit Union offer a signup bonus?

louisiana savings accounts doesn't offer a signup bonus.

What is the minimum initial deposit for louisiana savings accounts?

The minimum deposit to open a louisiana savings accounts is $5.

Louisiana Federal Savings Accounts Minimums

Description
Minimum Opening Deposit	Starting at $5

What APY does Louisiana Federal Savings Accounts offer?

louisiana savings accounts offers an APY of 0.10% (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 louisiana savings accounts charge?

louisiana savings accounts does not charge a monthly service fee. See the fee breakdown section below to view all fees.

What features and perks does louisiana savings accounts offer?

This savings account includes the following features:

• Nationwide ATM network - Conveniently transact at a nearby ATM.

Can you set up a direct deposit to louisiana savings accounts?

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 louisiana savings accounts?

The customer support email for louisiana savings accounts is info@louisianafcu.org.