Last Updated: 04/18/2025
Matadors Community Credit Union Teen Savers Account
Unaffiliated
Last Updated: 04/18/2025
No Reviews Yet
This product has no reviews yet. Help others by sharing your thoughts.
Be the first to rate
Cast Your Vote
Compare All Savings Accounts
Filter & compare all your options in one place.
Highlights
APY (Annual Percentage Yield)
0.15%(Verified 06/21/2024)
Minimum Opening Deposit
$5
Minimum Balance to Earn APY
$5
Matadors Community Credit Union Teen Savers Account Review
Matadors Community Credit Union Teen Savers Account is offered by Matadors Community Credit Union, a credit union founded in 1963 and based in Los Angeles, CA. Matadors Community Credit Union Teen Savers Account are available in 50 states and Washington, DC.
Key Takeaways
- Supports joint accounts. This allows two people to have equal authority over the management of an account.
- Low interest rate. The maximum annual percentage yield for this account is only 0.15%.
- Charges a monthly fee. This account charges a monthly fee of $3.00, but the fee may be waived if you keep a minimum balance of$5.00.
- Small minimum initial deposit. You only need $5.00 to open an account.
Matadors Community Credit Union Teen Savers Account Pros & Cons
| Pros | Cons |
|
|
Matadors Community Credit Union Teen Savers 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 Teen Savers Account doesn't offer a signup bonus.
What is the minimum initial deposit for Matadors Community Credit Union Teen Savers Account?
The minimum deposit to open a Matadors Community Credit Union Teen Savers 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 Matadors Community Credit Union Teen Savers Account offer?
Matadors Community Credit Union Teen Savers Account offers an APY of 0.15% (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 Matadors Community Credit Union Teen Savers Account charge?
This account charges a monthly service fee of $3.00. 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.
- 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 Teen Savers Account charges $5.00 every time you request a paper statement.
Does Matadors Community Credit Union Teen Savers Account charge overdraft fees?
Yes, Matadors Community Credit Union Teen Savers Account charges a $32.00 overdraft fee.What features and perks does Matadors Community Credit Union Teen Savers Account offer?
This savings account includes the following features:
- Mobile Banking Services - Matadors Community Credit Union Teen Savers 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 Teen Savers 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 Teen Savers Account?
The customer support email for Matadors Community Credit Union Teen Savers Account is info@matadors.org.
SuperMoney Disclosure: SuperMoney.com is an independent, advertising-supported service. The owner of this website may be compensated in exchange for featured placement of certain sponsored products and services, or your clicking on links posted on this website. Read more...
Editorial Disclaimer: Editorial and user-generated content on this page is not provided or commissioned by the issuer. Opinions expressed here are the author's alone and have not been approved or otherwise endorsed by any financial institution, including those that are advertising partners.
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