Last Updated: 04/18/2025
Oswego Teachers Employees FCU IRA Share Account
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Last Updated: 04/18/2025
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Highlights
APY (Annual Percentage Yield)
0.25%(Verified 08/18/2024)
Minimum Opening Deposit
$5
Minimum Balance to Earn APY
$5
Oswego Teachers Employees FCU IRA Share Account Review
Oswego Teachers Employees FCU IRA Share Account is offered by Oswego Teachers Employees Federal Credit Union, a credit union founded in 1961 and based in Oswego, NY. Oswego Teachers Employees FCU IRA Share Account are available in 50 states, 5 US territories, and Washington, DC.
Key Takeaways
- Higher than average APY. Oswego Teachers Employees FCU IRA Share Account has an annual percentage yield of up to 0.25%, which is higher than the average interest rate for savings accounts. Note that you must keep a minimum balance of $5.00 to earn that interest rate.
- No monthly maintenance fees. This account does not charge any monthly account fees.
- Small minimum initial deposit. You only need $5.00 to open an account.
Oswego Teachers Employees FCU IRA Share Account Pros & Cons
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Oswego Teachers Employees FCU IRA Share Account FAQ
Are savings accounts from Oswego Teachers Employees 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 Oswego Teachers Employees Federal Credit Union offer a signup bonus?
Oswego Teachers Employees FCU IRA Share Account doesn't offer a signup bonus.
What is the minimum initial deposit for Oswego Teachers Employees FCU IRA Share Account?
The minimum deposit to open a Oswego Teachers Employees FCU IRA Share Account is $5.00.| Description | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Minimum Average Balance to Avoid Monthly Service Fee | $0.00 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Minimum Balance to Earn APY | $5.00 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Minimum Opening Deposit | $5.00 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
What APY does Oswego Teachers Employees FCU IRA Share Account offer?
Oswego Teachers Employees FCU IRA Share Account offers an APY of 0.25% (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 Oswego Teachers Employees FCU IRA Share Account charge?
Oswego Teachers Employees FCU IRA Share Account does not charge a monthly service fee. See the fee breakdown section below to view all fees.
- An overdraft on your account will trigger a $25.00 fee per item.
- Oswego Teachers Employees FCU IRA Share Account charges $1.00 every time you request a paper statement.
Does Oswego Teachers Employees FCU IRA Share Account charge overdraft fees?
Yes, Oswego Teachers Employees FCU IRA Share Account charges a $25.00 overdraft fee. Oswego Teachers Employees FCU IRA Share Account offers overdraft protection at a cost of $2.50 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 Oswego Teachers Employees FCU IRA Share Account offer?
This savings account includes the following features:
- Mobile Banking Services - Oswego Teachers Employees FCU IRA Share Account allows you to manage your money online or with a mobile app.
- Nationwide ATM network - Conveniently transact at a nearby ATM.
Can you set up a direct deposit to Oswego Teachers Employees FCU IRA Share 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 Oswego Teachers Employees FCU IRA Share Account?
The customer support email for Oswego Teachers Employees FCU IRA Share Account is msr@oswegoteacherscu.org.
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Hours of Operation
Sunday
Closed
Monday
8:30AM - 4:00PM
Tuesday
8:30AM - 4:00PM
Wednesday
8:30AM - 4:00PM
Thursday
8:30AM - 4:00PM
Friday
8:30AM - 4:00PM
Saturday
Closed
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Rating not yet determined
APY (Annual Percentage Yield)
0.25%
Disclaimer popup with additional information
Minimum Opening Deposit
$0
Minimum Balance to Earn APY
$0
Rating not yet determined
APY (Annual Percentage Yield)
0.25% - 2.93%
Disclaimer popup with additional information
Minimum Opening Deposit
$2,500
Minimum Balance to Earn APY
$0.01
Rating not yet determined
APY (Annual Percentage Yield)
0.25%
Disclaimer popup with additional information
Minimum Opening Deposit
$0
Minimum Balance to Earn APY
$0
Rating not yet determined
APY (Annual Percentage Yield)
0.25%
Disclaimer popup with additional information
Minimum Opening Deposit
$5
Minimum Balance to Earn APY
$5
Rating not yet determined
APY (Annual Percentage Yield)
0.25%
Disclaimer popup with additional information
Minimum Opening Deposit
$0
Minimum Balance to Earn APY
$0
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