Last Updated: 04/18/2025
Nassau Financial IRA SmartSaver Account
Unaffiliated
Last Updated: 04/18/2025
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Highlights
APY (Annual Percentage Yield)
0.05% - 0.15%(Verified 06/21/2024)
Minimum Opening Deposit
$5,000
Minimum Balance to Earn APY
$5,000
Nassau Financial IRA SmartSaver Account Review
Nassau Financial IRA SmartSaver Account is offered by Nassau Financial Federal Credit Union, a credit union founded in 1936 and based in East Meadow, NY. Nassau Financial IRA SmartSaver Account are available in 50 states and Washington, DC.
Key Takeaways
- Low interest rate. The maximum annual percentage yield for this account is only 0.15%.
- No monthly maintenance fees. This account does not charge any monthly account fees.
- Large minimum initial deposit. You need a minimum deposit of $5,000.00 to open an account. This is a relatively large minimum initial deposit when compared to the other accounts that we track.
Nassau Financial IRA SmartSaver Account Pros & Cons
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Nassau Financial IRA SmartSaver Account FAQ
Are savings accounts from Nassau Financial 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 Nassau Financial Federal Credit Union offer a signup bonus?
Nassau Financial IRA SmartSaver Account doesn't offer a signup bonus.
What is the minimum initial deposit for Nassau Financial IRA SmartSaver Account?
The minimum deposit to open a Nassau Financial IRA SmartSaver Account is $5,000.00.| Description | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Minimum Average Balance to Avoid Monthly Service Fee | $0.00 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Minimum Balance to Earn APY | $5,000.00 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Minimum Opening Deposit | $5,000.00 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
What APY does Nassau Financial IRA SmartSaver Account offer?
Nassau Financial IRA SmartSaver Account offers a variable APY starting at 0.05% and ranging up to 0.15% (APY stands for annual percentage yield, rates may change).
What fees does Nassau Financial IRA SmartSaver Account charge?
Nassau Financial IRA SmartSaver 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 $20.00 fee.
- Incoming domestic bank transfers come with a $10.00 fee.
- Outgoing international bank transfers come with a $45.00 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 $10.00 fee.
- An overdraft on your account will trigger a $30.00 fee per item.
- Nassau Financial IRA SmartSaver Account charges $5.00 every time you request a paper statement.
Does Nassau Financial IRA SmartSaver Account charge overdraft fees?
Yes, Nassau Financial IRA SmartSaver Account charges a $30.00 overdraft fee. Nassau Financial IRA SmartSaver Account offers overdraft protection at a cost of $5.00 per transaction. This overdraft protection fee is charged every time the bank arranges a transfer from another one of your accounts, typically a savings account, to cover the overdraft.
What features and perks does Nassau Financial IRA SmartSaver Account offer?
This savings account includes the following features:
Can you set up a direct deposit to Nassau Financial IRA SmartSaver 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 Nassau Financial IRA SmartSaver Account?
The customer support email for Nassau Financial IRA SmartSaver Account is ealerts@nassaufinancial.org.
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Hours of Operation
SundayClosedMonday9:00AM - 5:00PMTuesday9:00AM - 5:00PMWednesday9:00AM - 5:00PMThursday9:00AM - 5:00PMFriday9:00AM - 6:00PMSaturday9:00AM - 1:00PM
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