Last Updated: 04/18/2025
MidWest America FCU Traditional Share IRA
Unaffiliated
Last Updated: 04/18/2025
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Highlights
APY (Annual Percentage Yield)
0.14%(Verified 06/21/2024)
Minimum Opening Deposit
$0
Minimum Balance to Earn APY
$1
MidWest America FCU Traditional Share IRA Review
MidWest America FCU Traditional Share IRA is offered by MidWest America Federal Credit Union, a credit union founded in 1936 and based in Fort Wayne, IN. MidWest America FCU Traditional Share IRA are available in 50 states and Washington, DC.
Key Takeaways
- Low interest rate. The maximum annual percentage yield for this account is only 0.14%.
- No minimum initial deposit. There is no minimum balance required to open an account online.
MidWest America FCU Traditional Share IRA Pros & Cons
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MidWest America FCU Traditional Share IRA FAQ
Are savings accounts from MidWest America Federal 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 MidWest America Federal Credit Union offer a signup bonus?
MidWest America FCU Traditional Share IRA doesn't offer a signup bonus.
What is the minimum initial deposit for MidWest America FCU Traditional Share IRA?
There is no minimum deposit to open a MidWest America FCU Traditional Share IRA.| Description | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Minimum Average Balance to Avoid Monthly Service Fee | $0.00 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Minimum Balance to Earn APY | $1.00 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Minimum Opening Deposit | $0.00 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
What APY does MidWest America FCU Traditional Share IRA offer?
MidWest America FCU Traditional Share IRA offers an APY of 0.14% (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 MidWest America FCU Traditional Share IRA charge?
MidWest America FCU Traditional Share IRA does not charge a monthly service fee. See the fee breakdown section below to view all fees.
What features and perks does MidWest America FCU Traditional Share IRA offer?
This savings account includes the following features:
Can you set up a direct deposit to MidWest America FCU Traditional Share IRA?
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 MidWest America FCU Traditional Share IRA?
The customer support email for MidWest America FCU Traditional Share IRA is callcenter@mwafcu.org.
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Hours of Operation
Sunday
Closed
Monday
9:00AM - 5:00PM
Tuesday
9:00AM - 5:00PM
Wednesday
9:00AM - 5:00PM
Thursday
9:00AM - 5:00PM
Friday
9:00AM - 5:30PM
Saturday
Closed