Last Updated: 04/18/2025
Maroon Financial Credit Union Individual Retirement Accounts
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Last Updated: 04/18/2025
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Highlights
APY (Annual Percentage Yield)
1.01% - 2.28%(Verified 06/21/2024)
Minimum Opening Deposit
$0
Minimum Balance to Earn APY
$2,500
Maroon Financial Credit Union Individual Retirement Accounts Review
Maroon Financial Credit Union Individual Retirement Accounts is offered by Maroon Financial Credit Union, a credit union founded in 1957 and based in Chicago, IL. Maroon Financial Credit Union Individual Retirement Accounts are available in 50 states and Washington, DC.
Key Takeaways
- High yield savings. This account offers an annual percentage yield of up to 2.28%, 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.
Maroon Financial Credit Union Individual Retirement Accounts Pros & Cons
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Maroon Financial Credit Union Individual Retirement Accounts FAQ
Are savings accounts from Maroon Financial 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 Maroon Financial Credit Union offer a signup bonus?
Maroon Financial Credit Union Individual Retirement Accounts doesn't offer a signup bonus.
What is the minimum initial deposit for Maroon Financial Credit Union Individual Retirement Accounts?
There is no minimum deposit to open a Maroon Financial Credit Union Individual Retirement Accounts.| Description | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Minimum Average Balance to Avoid Monthly Service Fee | $0.00 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Minimum Balance to Earn APY | $2,500 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Minimum Opening Deposit | $0.00 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Minimum Required Balance | $0.00 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
What APY does Maroon Financial Credit Union Individual Retirement Accounts offer?
Maroon Financial Credit Union Individual Retirement Accounts offers a variable APY starting at 1.01% and ranging up to 2.28% (APY stands for annual percentage yield, rates may change). This is much higher than the national average rate for savings accounts.
What fees does Maroon Financial Credit Union Individual Retirement Accounts charge?
Maroon Financial Credit Union Individual Retirement Accounts does not charge a monthly service fee. See the fee breakdown section below to view all fees.
- Outgoing domestic bank transfers come with a $30.00 fee.
- Incoming domestic bank transfers come with a $10.00 fee.
- Outgoing international bank transfers come with a $40.00 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.
- Maroon Financial Credit Union Individual Retirement Accounts charges $5.00 every time you request a paper statement.
What features and perks does Maroon Financial Credit Union Individual Retirement Accounts offer?
This savings account includes the following features:
- Mobile Banking Services - Maroon Financial Credit Union Individual Retirement Accounts allows you to manage your money online or with a mobile app.
Can you set up a direct deposit to Maroon Financial Credit Union Individual Retirement 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.
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Hours of Operation
SundayClosedMonday8:00AM - 4:00PMTuesday8:00AM - 4:00PMWednesday8:00AM - 4:00PMThursday8:00AM - 4:00PMFriday8:00AM - 4:00PMSaturdayClosed
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