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Last Updated: 04/18/2025

Memphis Savings Accounts

in Savings Accounts from Memphis City Employees Credit Union

Last Updated: 04/18/2025

Memphis City Employees Credit Union logo
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Highlights

APY (Annual Percentage Yield)

0.15% - 0.30%(Verified 06/21/2024)

Minimum Opening Deposit

Starting at $5

Minimum Balance to Earn APY

$5
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Memphis Savings Accounts Review

Memphis Savings Accounts is offered by Memphis City Employees Credit Union, a credit union founded in 1959 and based in Memphis, TN. memphis savings accounts are available in 1 state.

Key Takeaways

  • Higher than average APY. Memphis Savings Accounts has an annual percentage yield of up to 0.30%, which is higher than the average interest rate for savings accounts. Note that you must keep a minimum balance of $5 to earn that interest rate.
  • Small minimum initial deposit. You only need $5 to open an account.

memphis savings accounts Pros & Cons

memphis savings accounts FAQ

Are savings accounts from memphis city employees 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 Memphis City Employees Credit Union offer a signup bonus?

memphis savings accounts doesn't offer a signup bonus.

What is the minimum initial deposit for memphis savings accounts?

The minimum deposit to open a memphis savings accounts is $5.

What APY does Memphis Savings Accounts offer?

memphis savings accounts offers a variable APY starting at 0.15% and ranging up to 0.30% (APY stands for annual percentage yield, rates may change).

What fees does memphis savings accounts charge?

memphis savings accounts does not charge a monthly service fee. See the fee breakdown section below to view all fees.

    What features and perks does memphis savings accounts offer?

    This savings account includes the following features:
    • Mobile Banking Services - memphis savings accounts allows you to manage your money online or with a mobile app.

    Can you set up a direct deposit to memphis savings 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 memphis savings accounts?

    The customer support email for memphis savings accounts is cuinfo@memphiscu.org.

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    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

    Headquarters

    2608 Avery Ave
    Memphis, TN 38112
    (901) 321-1200
    Visit Site
    Email Support

    Hours of Operation

    Sunday
    Closed
    Monday
    9:00AM - 4:00PM
    Tuesday
    9:00AM - 4:00PM
    Wednesday
    9:00AM - 4:00PM
    Thursday
    9:00AM - 4:00PM
    Friday
    9:00AM - 4:00PM
    Saturday
    Closed

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