Last Updated: 04/18/2025
Lynchburg Municipal Employees FCU Travel Club Account
Unaffiliated
Last Updated: 04/18/2025
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Highlights
APY (Annual Percentage Yield)
3.00%(Verified 06/21/2024)
Minimum Opening Deposit
$0
Minimum Balance to Earn APY
$0
Lynchburg Municipal Employees FCU Travel Club Account Review
Lynchburg Municipal Employees FCU Travel Club Account is offered by Lynchburg Municipal Employees Federal Credit Union, a credit union founded in 1961 and based in Lynchburg, VA. Lynchburg Municipal Employees FCU Travel Club Account are available in 50 states and Washington, DC.
Key Takeaways
- High yield savings. This account offers an annual percentage yield of up to 3.00%, which is much higher than the average interest rate for a savings account.
- No minimum initial deposit. There is no minimum balance required to open an account online.
Lynchburg Municipal Employees FCU Travel Club Account Pros & Cons
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Lynchburg Municipal Employees FCU Travel Club Account FAQ
Are savings accounts from Lynchburg Municipal Employees 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 Lynchburg Municipal Employees Federal Credit Union offer a signup bonus?
Lynchburg Municipal Employees FCU Travel Club Account doesn't offer a signup bonus.
What is the minimum initial deposit for Lynchburg Municipal Employees FCU Travel Club Account?
There is no minimum deposit to open a Lynchburg Municipal Employees FCU Travel Club Account.| Description | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Minimum Average Balance to Avoid Monthly Service Fee | $0.00 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Minimum Balance to Earn APY | $0.00 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Minimum Opening Deposit | $0.00 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Minimum Required Balance | $10.00 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
What APY does Lynchburg Municipal Employees FCU Travel Club Account offer?
Lynchburg Municipal Employees FCU Travel Club Account offers an APY of 3.00% (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 Lynchburg Municipal Employees FCU Travel Club Account charge?
Lynchburg Municipal Employees FCU Travel Club 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 Lynchburg Municipal Employees FCU Travel Club 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 Lynchburg Municipal Employees FCU Travel Club Account?
The customer support email for Lynchburg Municipal Employees FCU Travel Club Account is smp@lmefcu.org.
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Hours of Operation
Sunday
Closed
Monday
7:30AM - 4:00PM
Tuesday
7:30AM - 4:00PM
Wednesday
7:30AM - 4:00PM
Thursday
7:30AM - 4:00PM
Friday
7:30AM - 4:00PM
Saturday
Closed