Members First CU Florida Christmas Accounts

Members First CU Florida Christmas Accounts Review

Members First CU Florida Christmas Accounts is offered by Members First Credit Union of Florida, a credit union founded in 1954 and based in Pensacola, FL. Members First CU Florida Christmas Accounts are available in 1 state across the USA.

Key Takeaways

• Low interest rate. The maximum annual percentage yield for this account is only 0.15%.

Members First CU Florida Christmas Accounts Pros & Cons

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

Members First CU Florida Christmas Accounts FAQ

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

Members First CU Florida Christmas Accounts doesn't offer a signup bonus.

What is the minimum initial deposit for Members First CU Florida Christmas Accounts?

Members First CU Florida Christmas Accounts Minimums

Description
Minimum Balance to Earn APY	$100
Minimum Required Balance	$100

What APY does Members First CU Florida Christmas Accounts offer?

Members First CU Florida Christmas Accounts 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 Members First CU Florida Christmas Accounts charge?

Members First CU Florida Christmas Accounts does not charge a monthly service fee. See the fee breakdown section below to view all fees.

• Outgoing domestic bank transfers come with a $15 fee.
• Incoming domestic bank transfers come with a $10 fee.
• Outgoing international bank transfers come with a $57.50 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 $10 fee.
• Members First CU Florida Christmas Accounts charges a $25 fee for an early account closure. Contact Members First CU Florida Christmas Accounts for more details on what is considered an early closure.
• Members First CU Florida Christmas Accounts charges $3 every time you request a paper statement.

What features and perks does Members First CU Florida Christmas Accounts offer?

This savings account includes the following features:

• Fraud monitoring - Members First CU Florida Christmas 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 CU Florida Christmas 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 CU Florida Christmas Accounts?

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 CU Florida Christmas Accounts?

The customer support email for Members First CU Florida Christmas Accounts is mfcufl@mfcufl.org.