Last Updated: 04/18/2025
Mass Bay CU Regular Savings Account
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Last Updated: 04/18/2025
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Highlights
APY (Annual Percentage Yield)
0.03% - 0.10%(Verified 06/29/2024)
Minimum Opening Deposit
$5
Minimum Balance to Earn APY
$5
Mass Bay CU Regular Savings Account Review
Mass Bay CU Regular Savings Account is offered by Mass Bay Credit Union, a credit union founded in 1936 and based in South Boston, MA. Mass Bay CU Regular Savings Account are available in 50 states, 5 US territories, and Washington, DC.
Key Takeaways
- Low interest rate. The maximum annual percentage yield for this account is only 0.10%.
- Waivable monthly maintenance fee. Need to maintain a minimum balance of $5.00 to avoid fee
- Small minimum initial deposit. You only need $5.00 to open an account.
Mass Bay CU Regular Savings Account Pros & Cons
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Mass Bay CU Regular Savings Account FAQ
Are savings accounts from Mass Bay 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 Mass Bay Credit Union offer a signup bonus?
Mass Bay CU Regular Savings Account doesn't offer a signup bonus.
What is the minimum initial deposit for Mass Bay CU Regular Savings Account?
The minimum deposit to open a Mass Bay CU Regular Savings Account is $5.00.| Description | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Minimum Average Balance to Avoid Monthly Service Fee | $5.00 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Minimum Balance to Earn APY | $5.00 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Minimum Opening Deposit | $5.00 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
What APY does Mass Bay CU Regular Savings Account offer?
Mass Bay CU Regular Savings Account offers a variable APY starting at 0.03% and ranging up to 0.10% (APY stands for annual percentage yield, rates may change).
What fees does Mass Bay CU Regular Savings Account charge?
This account charges a monthly service fee of $1.00. However, you can waive the monthly fees if you have a minimum daily balance of $5.00.
- Outgoing domestic bank transfers come with a $25.00 fee.
- Incoming domestic bank transfers come with a $10.00 fee.
- An overdraft on your account will trigger a $25.00 fee per item.
- Mass Bay CU Regular Savings Account charges $5.00 every time you request a paper statement.
Does Mass Bay CU Regular Savings Account charge overdraft fees?
Yes, Mass Bay CU Regular Savings Account charges a $25.00 overdraft fee. Mass Bay CU Regular Savings 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 Mass Bay CU Regular Savings Account offer?
This savings account includes the following features:
- Mobile Banking Services - Mass Bay CU Regular Savings 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 Mass Bay CU Regular 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 Mass Bay CU Regular Savings Account?
The customer support email for Mass Bay CU Regular Savings Account is memberservices@massbaycu.org.
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Hours of Operation
Sunday
Closed
Monday
8:30AM - 4:00PM
Tuesday
8:30AM - 4:00PM
Wednesday
8:30AM - 4:00PM
Thursday
8:30AM - 4:00PM
Friday
8:30AM - 4:00PM
Saturday
8:30AM - 1:15PM