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  MEMBERS1st Community Credit Union Secondary Savings
MEMBERS1st Community Credit Union Secondary Savings Unaffiliated

MEMBERS1st Community Credit Union Secondary Savings

Unaffiliated
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Highlights
Monthly Fee $0
APY (Annual Percentage Yield) 0.05% - 0.1%
Minimum Balance to Earn APY $50

MEMBERS1st Community Credit Union Secondary Savings Review

MEMBERS1st Community Credit Union Secondary Savings is offered by MEMBERS1st Community Credit Union, founded in 1964 and based in Marshalltown, IA. MEMBERS1st Community Credit Union Secondary Savings is available in 1 state across the USA.

Key Takeaways
  • Higher than average APY. MEMBERS1st Community Credit Union Secondary Savings has an annual percentage yield of up to 0.1%, which is higher than the national average interest rate on savings accounts. Note that you must keep a minimum balance of $50.
  • No minimum initial deposit. There is no minimum balance required to open an account.
MEMBERS1st Community Credit Union Secondary Savings Pros & Cons
Pros Cons
  • Interest-yielding account.
  • No signup bonus.
  • Does not offer mobile check deposits.
  • Does not provide access to a nationwide ATM network.
  • Does not come with a debit card
  • Not FDIC-insured.
  • Only available in one state.
  • Higher than average wire transfer fees.
MEMBERS1st Community Credit Union Secondary Savings FAQ

Are savings accounts from MEMBERS1st Community Credit Union federally insured?

No, your MEMBERS1st Community Credit Union savings accounts are not insured by a federal insurance agency. This means that if MEMBERS1st Community Credit Union were to fall into financial difficulties, your deposits are not covered by a government backed insurance fund like the FDIC or NCUSIF.

Does MEMBERS1st Community Credit Union offer a signup bonus?

MEMBERS1st Community Credit Union Secondary Savings doesn't offer a signup bonus.

What is the minimum initial deposit for MEMBERS1st Community Credit Union Secondary Savings?

There is no minimum deposit to open a MEMBERS1st Community Credit Union Secondary Savings.
MEMBERS1st Community Credit Union Secondary Savings Minimums
Description
Minimum Balance to Avoid Monthly Fee Starting at $0
Minimum Balance to Earn APY $50
Minimum Opening Deposit Starting at $0
Minimum Required Balance $0

What APY does MEMBERS1st Community Credit Union offer?

MEMBERS1st Community Credit Union Secondary Savings offers an APY starting at 0.05% and ranging up to 0.1% (APY stands for annual percentage yield, rates may change).

What fees does MEMBERS1st Community Credit Union Secondary Savings charge?

MEMBERS1st Community Credit Union Secondary 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 $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.
  • MEMBERS1st Community Credit Union Secondary Savings charges a $5 fee for an early account closure. Contact MEMBERS1st Community Credit Union Secondary Savings for more details on what is considered an early closure.
  • MEMBERS1st Community Credit Union Secondary Savings charges $2 every time you request a paper statement.

What features and perks does MEMBERS1st Community Credit Union Secondary Savings offer?

This savings account includes the following features:

Can you set up a direct deposit to MEMBERS1st Community Credit Union Secondary 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 MEMBERS1st Community Credit Union Secondary Savings?

The customer support email for MEMBERS1st Community Credit Union Secondary Savings is info@members1st.com.

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Availability

  Available in 1 state
Iowa
Availabile in all of Iowa

Feature Breakdown

Minimum Balance to Avoid Monthly Fee Starting at $0
Minimum Balance to Earn APY $50
Minimum Opening Deposit Starting at $0
Minimum Required Balance $0
Monthly Fee $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
  • No Monthly Maintenance Fee
  • Interest Bearing Account
  • Mobile Banking
  • Fraud Monitoring
  • Fraud Protection
  • Insured by NCUA
  • Branch Access
APY (Annual Percentage Yield) 0.05% - 0.1%

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