SuperMoney
  MembersFirst Credit Union Special Purpose Savings

MembersFirst Credit Union Special Purpose Savings

in Savings Accounts from MembersFirst Credit Union · ncua

Unaffiliated

MembersFirst Credit Union Special Purpose Savings

Unaffiliated

in Savings Accounts from MembersFirst Credit Union · Insured by NCUA

Not enough votes for recommendation

Not enough votes for recommendation

Cast your vote

Would you recommend MembersFirst Credit Union Special Purpose Savings to your friends?

Thanks for your vote!

You voted: May or may not recommend

Highlights
Monthly Fee $0
APY (Annual Percentage Yield) 0.05%
APY Minimum Balance $0

MembersFirst Credit Union Special Purpose Savings Review

MembersFirst Credit Union Special Purpose Savings is offered by MembersFirst Credit Union, a credit union founded in 1953 and based in Decatur, GA. MembersFirst Credit Union Special Purpose Savings is available in 1 state across the USA.

Key Takeaways
  • Higher than average APY. MembersFirst Credit Union Special Purpose Savings has an annual percentage yield of up to 0.05%, 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 MembersFirst Credit Union.
MembersFirst Credit Union Special Purpose Savings 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.
MembersFirst Credit Union Special Purpose Savings FAQ

Are savings accounts from MembersFirst Credit Union federally insured?

Yes, your MembersFirst 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 MembersFirst Credit Union offer a signup bonus?

MembersFirst Credit Union Special Purpose Savings doesn't offer a signup bonus.

What is the minimum initial deposit for MembersFirst Credit Union Special Purpose Savings?

MembersFirst Credit Union Special Purpose Savings Minimums
Description
APY Minimum Balance $0
Minimum Balance to Avoid Monthly Fee Starting at $0
Minimum Required Balance $0

What APY does MembersFirst Credit Union offer?

MembersFirst Credit Union Special Purpose Savings offers an APY of 0.05% (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 MembersFirst Credit Union Special Purpose Savings charge?

MembersFirst Credit Union Special Purpose 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 $15 fee.
  • Incoming domestic bank transfers come with a $10 fee.
  • Outgoing international bank transfers come with a $60 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 $60 fee.
  • MembersFirst Credit Union Special Purpose Savings charges a $20 fee for an early account closure. Contact MembersFirst Credit Union Special Purpose Savings for more details on what is considered an early closure.
  • MembersFirst Credit Union Special Purpose Savings charges $3 every time you request a paper statement.

What features and perks does MembersFirst Credit Union Special Purpose Savings offer?

This savings account includes the following features:

  • Fraud monitoring - MembersFirst Credit Union Special Purpose 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 - MembersFirst Credit Union Special Purpose 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 MembersFirst Credit Union Special Purpose 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 MembersFirst Credit Union Special Purpose Savings?

The customer support email for MembersFirst Credit Union Special Purpose Savings is feedback@membersfirstga.com.

SuperMoney Disclosure: SuperMoney.com is an independent, advertising-supported service. The owner of this website may be compensated in exchange for featured placement of certain sponsored products and services, or your clicking on links posted on this website. Read more...
Editorial Disclaimer: Editorial and user-generated content on this page is not provided or commissioned by the issuer. Opinions expressed here are the author’s alone and have not been approved or otherwise endorsed by any financial institution, including those that are advertising partners.

Contact

Hours of Operation

  • Sunday Closed
  • Monday 9:00am - 4:30pm
  • Tuesday 9:00am - 4:30pm
  • Wednesday 10:00am - 4:30pm
  • Thursday 9:00am - 4:30pm
  • Friday 9:00am - 4:30pm
  • Saturday 9:00am - 1:00pm

Other Services by MembersFirst Credit Union

Icon for Savings Accounts
View all savings accounts offered by MembersFirst Credit Union

Availability

  Available in 1 state
Georgia
Availabile in all of Georgia

Feature Breakdown

Monthly Fee $0
Early Account Closure $20
Paper Statement Fee $3
Returned Deposit Fee (Domestic) $25
Wire Transfer Fee - Domestic (Incoming) $10
Wire Transfer Fee - Domestic (Outgoing) $15
Wire Transfer Fee - International (Incoming) $60
Wire Transfer Fee - International (Outgoing) $60
Account Features
  • Branch Access
  • Insured by NCUA
  • Free Bill Pay
  • Fraud Protection
  • Fraud Monitoring
  • Mobile Banking
  • Interest Bearing Account
  • Mobile Check Deposit
APY (Annual Percentage Yield) 0.05%

Be the first to rate

 

Would you recommend MembersFirst Credit Union Special Purpose Savings to your friends?

Before we publish your vote:

Please explain your vote by sharing your experience.

Writing a review increases the credibility of your vote and helps your fellow users make a better-informed decision.

Please write a review to submit your vote
(will require moderator approval)

Other Savings Accounts

MembersFirst Credit Union Savings Accounts

Loading...