Last Updated: 04/18/2025
Matadors Community Credit Union Savers Plus Account
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Last Updated: 04/18/2025
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Highlights
APY (Annual Percentage Yield)
1.30% - 1.75%(Verified 06/21/2024)
Minimum Opening Deposit
$2,500
Minimum Balance to Earn APY
$2,500
Matadors Community Credit Union Savers Plus Account Review
Matadors Community Credit Union Savers Plus Account is offered by Matadors Community Credit Union, a credit union founded in 1963 and based in Los Angeles, CA. Matadors Community Credit Union Savers Plus Account are available in 50 states and Washington, DC.
Key Takeaways
- High yield savings. This account offers an annual percentage yield of up to 1.75%, which is much higher than the average interest rate for a savings account. However, you must meet minimum balance requirements for higher APYs.
- Waivable monthly maintenance fee. Below minimum balance ($2,500 daily balance required)
- Large minimum initial deposit. You need a minimum deposit of $2,500.00 to open an account. This is a relatively large minimum initial deposit when compared to the other accounts that we track.
Matadors Community Credit Union Savers Plus Account Pros & Cons
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Matadors Community Credit Union Savers Plus Account FAQ
Are savings accounts from Matadors Community 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 Matadors Community Credit Union offer a signup bonus?
Matadors Community Credit Union Savers Plus Account doesn't offer a signup bonus.
What is the minimum initial deposit for Matadors Community Credit Union Savers Plus Account?
The minimum deposit to open a Matadors Community Credit Union Savers Plus Account is $2,500.00.| Description | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Minimum Average Balance to Avoid Monthly Service Fee | $2,500.00 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Minimum Balance to Earn APY | $2,500.00 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Minimum Opening Deposit | $2,500.00 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Minimum Required Balance | $2,500.00 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
What APY does Matadors Community Credit Union Savers Plus Account offer?
Matadors Community Credit Union Savers Plus Account offers a variable APY starting at 1.30% and ranging up to 1.75% (APY stands for annual percentage yield, rates may change). This is much higher than the national average rate for savings accounts.
What fees does Matadors Community Credit Union Savers Plus Account charge?
This account charges a monthly service fee of $10.00. However, you can waive the monthly fees if you have a minimum daily balance of $2,500.00.
- Outgoing domestic bank transfers come with a $25.00 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 $10.00 fee.
- An overdraft on your account will trigger a $32.00 fee per item.
- Matadors Community Credit Union Savers Plus Account charges $5.00 every time you request a paper statement.
Does Matadors Community Credit Union Savers Plus Account charge overdraft fees?
Yes, Matadors Community Credit Union Savers Plus Account charges a $32.00 overdraft fee.What features and perks does Matadors Community Credit Union Savers Plus Account offer?
This savings account includes the following features:
- Mobile Banking Services - Matadors Community Credit Union Savers Plus Account allows you to manage your money online or with a mobile app.
Can you set up a direct deposit to Matadors Community Credit Union Savers Plus 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 Matadors Community Credit Union Savers Plus Account?
The customer support email for Matadors Community Credit Union Savers Plus Account is info@matadors.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 - 5:00PM
Saturday
Closed