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  MEMBERS1st Community Credit Union Holiday Club
MEMBERS1st Community Credit Union Holiday Club Unaffiliated

MEMBERS1st Community Credit Union Holiday Club

Unaffiliated
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Highlights
Monthly Fee N/A
APY (Annual Percentage Yield) 0.10%
Minimum Balance to Earn APY $0

MEMBERS1st Community Credit Union Holiday Club Review

MEMBERS1st Community Credit Union Holiday Club is offered by MEMBERS1st Community Credit Union, a credit union founded in 1964 and based in Marshalltown, IA. MEMBERS1st Community Credit Union Holiday Club is available in 1 state across the USA.

Key Takeaways

  • Higher than average APY. MEMBERS1st Community Credit Union Holiday Club has an annual percentage yield of up to 0.10%, which is higher than the national average interest rate on savings accounts.
  • Bill pay. Pay your bills to practically anyone in the United States through MEMBERS1st Community Credit Union.

Members 1st savings account 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 1st savings account FAQ

Are savings accounts from MEMBERS1st Community Credit Union federally insured?

Yes, your MEMBERS1st 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 MEMBERS1st Community Credit Union offer a signup bonus?

Members 1st savings account doesn't offer a signup bonus.

What is the minimum initial deposit for Members 1st savings account?

MEMBERS1st Community Credit Union Holiday Club Minimums
Description
Minimum Balance to Earn APY $0
Minimum Required Balance $0

What APY does MEMBERS1st Community Credit Union offer?

Members 1st savings account offers an APY of 0.10% (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 savings account charge?

Members 1st savings account does not charge a monthly service fee. See the fee breakdown section below to view all fees.

  • Outgoing domestic bank transfers come with a $20 fee.
  • Incoming domestic bank transfers come with a $10 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 $10 fee.
  • Members 1st savings account charges a $5 fee for an early account closure. Contact Members 1st savings account for more details on what is considered an early closure.
  • Members 1st savings account charges $2 every time you request a paper statement.

What features and perks does Members 1st savings account offer?

This savings account includes the following features:

  • Fraud monitoring - Members 1st savings account 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 savings account 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 1st savings account?

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 savings account?

The customer support email for Members 1st savings account is info@members1st.com.

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Availability

  Available in 1 state
Iowa
Availabile in all of Iowa

Feature Breakdown

Minimum Balance to Earn APY $0
Minimum Required Balance $0
Early Account Closure $5
Paper Statement Fee $2
Returned Deposit Fee (Domestic) $5
Wire Transfer Fee - Domestic (Incoming) $10
Wire Transfer Fee - Domestic (Outgoing) $20
Wire Transfer Fee - International (Incoming) $10
Wire Transfer Fee - International (Outgoing) $50
Immigration Status Considered
  • U.S. Citizen
  • U.S. Permanent Resident
Verification Documents Required
  • Driver License (or other photo ID)
  • Proof of Identity
  • Government Issued Photo ID
  • Social Security Number
Account Features
  • Free Bill Pay
  • Mobile Check Deposit
  • Interest Bearing Account
  • Mobile Banking
  • Fraud Monitoring
  • Fraud Protection
  • Insured by NCUA
  • Branch Access
APY (Annual Percentage Yield) 0.10%

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