Last Updated: 04/18/2025
Mountain America CU Traditional Savings Account
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Last Updated: 04/18/2025
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Highlights
APY (Annual Percentage Yield)
0.1%(Verified 06/21/2024)
Disclaimer popup with additional information
Minimum Opening Deposit
Starting at $5
Minimum Balance to Earn APY
$100
Mountain America CU Traditional Savings Account Review
Mountain America CU Traditional Savings Account is offered by Mountain America Credit Union, a credit union founded in 1934 and based in West Jordan, UT. Mountain America savings account are available in 1 state.
Key Takeaways
- Low interest rate. The maximum annual percentage yield for this account is only 0.1%.
- No monthly maintenance fees. This account does not charge any monthly account fees.
- Small minimum initial deposit. You only need $5 to open an account.
- No ATM fees. Mountain America CU Traditional Savings Account does not charge fees on ATM transactions .
Mountain America savings account Pros & Cons
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Mountain America savings account FAQ
Are savings accounts from Mountain America 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 Mountain America Credit Union offer a signup bonus?
Mountain America savings account doesn't offer a signup bonus.
What is the minimum initial deposit for Mountain America savings account?
The minimum deposit to open a Mountain America savings account is $5.| Description | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Minimum Balance to Earn APY | $100 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Minimum Opening Deposit | Starting at $5 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
What APY does Mountain America CU Traditional Savings Account offer?
Mountain America savings account offers an APY of 0.1% (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 Mountain America savings account charge?
Mountain America 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 $15 fee.
- Incoming domestic bank transfers come with a $10 fee.
- Outgoing international bank transfers come with a $30 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.
- Mountain America savings account charges a $5 fee for an early account closure. Contact Mountain America savings account for more details on what is considered an early closure.
- Mountain America savings account charges $2 every time you request a paper statement.
What features and perks does Mountain America savings account offer?
This savings account includes the following features:
- Check images with monthly statement - Reconciling your accounts and complying with document retention standards is easier when you have access to a copy of your checks for each statement period.
- Fraud monitoring - Mountain America 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.
- Mobile Banking Services - Mountain America 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.
- Nationwide ATM network - Conveniently transact at a nearby ATM.
Can you set up a direct deposit to Mountain America savings account?
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 Mountain America savings account?
The customer support email for Mountain America savings account is macumail@macu.com.
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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.
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 - 5:00PM
Saturday
Closed
Other Services by Mountain America Credit Union
CD Accounts
Rating not yet determined (1 Review)
Checking Accounts
Rating not yet determined (3 Reviews)
Money Market Accounts
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