Members First Credit Union High Yield Savings

Members First Credit Union High Yield Savings Review

Members First Credit Union High Yield Savings is offered by Members First Credit Union, a credit union founded in 1936 and based in Midland, MI. Members First Credit Union High Yield Savings are available in 1 state across the USA.

Key Takeaways

• Low interest rate. The maximum annual percentage yield for this account is only 0.12%.
• Small minimum initial deposit. You only need $5 to open an account.
• No ATM fees. Members First Credit Union High Yield Savings does not charge fees on ATM transactions.

Members First Credit Union High Yield Savings Pros & Cons

Members First Credit Union High Yield Savings FAQ

Are savings accounts from Members First 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 Members First Credit Union offer a signup bonus?

Members First Credit Union High Yield Savings doesn't offer a signup bonus.

What is the minimum initial deposit for Members First Credit Union High Yield Savings?

What APY does Members First Credit Union High Yield Savings offer?

Members First Credit Union High Yield Savings offers a variable APY starting at 0.06% and ranging up to 0.12% (APY stands for annual percentage yield, rates may change).

What fees does Members First Credit Union High Yield Savings charge?

Members First Credit Union High Yield 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 $25 fee.
• Incoming domestic bank transfers come with a $25 fee.
• Outgoing international bank transfers come with a $50 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 $50 fee.

What features and perks does Members First Credit Union High Yield Savings offer?

This savings account includes the following features:

• Fraud monitoring - Members First Credit Union High Yield 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 First Credit Union High Yield 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.

Can you set up a direct deposit to Members First Credit Union High Yield Savings?

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 Members First Credit Union High Yield Savings?

The customer support email for Members First Credit Union High Yield Savings is mail@mfcu.net.