Members 1st Credit Union Holiday Savings Review

Members 1st Credit Union Holiday Savings is offered by Members 1st Credit Union, a credit union founded in 1936 and based in Redding, CA. Members 1st Credit Union Holiday Savings is available in 1 state across the USA.

• Higher than average APY. Members 1st Credit Union Holiday Savings has an annual percentage yield of up to 0.05%, which is higher than the national average interest rate on savings accounts. Note that you must keep a minimum balance of $100.
• $0 monthly fee. This account does not charge a monthly Service Charge.
• No minimum initial deposit. There is no minimum balance required to open an account.
• No ATM fees. Members 1st Credit Union Holiday Savings does not charge fees on ATM transactions.
• Bill pay. Pay your bills to practically anyone in the United States through Members 1st Credit Union.

Pros	Cons
Dividend-yielding account Insured by NCUA. Access to physical branches.	No signup bonus. Does not come with a debit card Only available in one state. Higher than average wire transfer fees.

Are savings accounts from Members 1st Credit Union federally insured?

Yes, your Members 1st Credit Union 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 Members 1st Credit Union offer a signup bonus?

Members 1st Credit Union Holiday Savings doesn't offer a signup bonus.

What is the minimum initial deposit for Members 1st Credit Union Holiday Savings?

There is no minimum deposit to open a Members 1st Credit Union Holiday Savings.

Members 1st Credit Union Holiday Savings Minimums

Description
APY Minimum Balance	$100
Minimum Balance to Avoid Monthly Fee	Starting at $0
Minimum Opening Deposit	Starting at $0
Minimum Required Balance	$0

What APY does Members 1st Credit Union offer?

Members 1st Credit Union Holiday Savings offers an APY of 0.05% (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 Members 1st Credit Union Holiday Savings charge?

Members 1st Credit Union Holiday Savings does not charge a monthly service fee. See the fee breakdown section below to view all fees.

• Outgoing domestic bank transfers come with a $35 fee.
• Incoming domestic bank transfers come with a $10 fee.
• Outgoing international bank transfers come with a $35 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 $35 fee.
• Members 1st Credit Union Holiday Savings charges a $10 fee for an early account closure. Contact Members 1st Credit Union Holiday Savings for more details on what is considered an early closure.
• Members 1st Credit Union Holiday Savings charges $5 every time you request a paper statement.

What features and perks does Members 1st Credit Union Holiday Savings offer?

This savings account includes the following features:

• Fraud monitoring - Members 1st Credit Union Holiday Savings monitors transactions for potentially fraudulent activity, such as when a debit card is unexpectedly used in a different location, or you make a sudden string of costly purchases.
• Free Online Bill Pay - Online Bill Pay allows you to pay bills easily from your account.
• Mobile Banking Services - Members 1st Credit Union Holiday Savings allows you to manage your money online or with a mobile app. This includes depositing checks in your account with a mobile app on your smartphone.
• Nationwide ATM network - Conveniently transact at a nearby ATM.

Can you set up a direct deposit to Members 1st Credit Union Holiday Savings?

In most cases, the answer is yes. 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 Members 1st Credit Union Holiday Savings?

The customer support email for Members 1st Credit Union Holiday Savings is updates@m1cu.org.