Members First Community Credit Union Health Savings Accounts Review

Members First Community Credit Union Health Savings Accounts is offered by Members First Community Credit Union, a credit union founded in 1954 and based in Quincy, IL. Members First Community Credit Union Health Savings Accounts is available in 1 state across the USA.

• Very high APY. This account offers an annual percentage yield of up to 3.562%, which is much higher than the average for a checking account.However, you must keep a minimum balance of $0.01.
• $0 monthly fee. This account does not charge a monthly Service Charge.
• Bill pay. Pay your bills to practically anyone in the United States through Members First Community Credit Union.

Pros	Cons
High-interest yield. Insured by NCUA. Access to physical branches. Free debit card and the option to lock/unlock the card if lost or stolen No charge on incoming domestic or international wire transfers.	No signup bonus. Does not provide access to a nationwide ATM network. Only available in one state.

Are savings accounts from Members First Community Credit Union federally insured?

Yes, your Members First Community 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 First Community Credit Union offer a signup bonus?

Members First Community Credit Union Health Savings Accounts doesn't offer a signup bonus.

What is the minimum initial deposit for Members First Community Credit Union Health Savings Accounts?

Members First Community Credit Union Health Savings Accounts Minimums

Description
APY Minimum Balance	$0.01
Minimum Balance to Avoid Monthly Fee	Starting at $0

What APY does Members First Community Credit Union offer?

Members First Community Credit Union Health Savings Accounts offers an APY of 3.562% (APY stands for annual percentage yield, rates may change). This is higher than the typical APY for online-only savings accounts, which is around 1% APY.

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 First Community Credit Union Health Savings Accounts charge?

Members First Community Credit Union Health Savings Accounts does not charge a monthly service fee. See the fee breakdown section below to view all fees.

What features and perks does Members First Community Credit Union Health Savings Accounts offer?

This savings account includes the following features:

• Fraud monitoring - Members First Community Credit Union Health Savings Accounts 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 First Community Credit Union Health Savings Accounts 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.

Can you set up a direct deposit to Members First Community Credit Union Health Savings Accounts?

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 First Community Credit Union Health Savings Accounts?

The customer support email for Members First Community Credit Union Health Savings Accounts is mfccu@membersfirstccu.com .