Last Updated: 04/18/2025
Parda Credit Union Premier Savings Account
Unaffiliated
in Savings Accounts from Parda Credit Union
Last Updated: 04/18/2025
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Highlights
APY (Annual Percentage Yield)
0.20% - 0.40%(Verified 06/21/2024)
Minimum Opening Deposit
Starting at $2,500
Minimum Balance to Earn APY
$2,500
Parda Credit Union Premier Savings Account Review
Parda Credit Union Premier Savings Account is offered by Parda Credit Union, a credit union founded in 1937 and based in Auburn Hills, MI. Parda Credit Union Premier Savings Account are available in 50 states and Washington, DC.
Key Takeaways
- Higher than average APY. Parda Credit Union Premier Savings Account has an annual percentage yield of up to 0.40%, which is higher than the average interest rate for savings accounts. Note that you must keep a minimum balance of $2500 to earn that interest rate.
- $0 monthly account fees available. This account charges a monthly fee of up to $5, but the fee may be waived if you keep a minimum balance of$2,500.
- Large minimum initial deposit. You need a minimum deposit of $2,500 to open an account. This is a relatively large minimum initial deposit when compared to the other accounts that we track.
- No ATM fees. Parda Credit Union Premier Savings Account does not charge fees on ATM transactions .
Parda Credit Union Premier Savings Account Pros & Cons
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Parda Credit Union Premier Savings Account FAQ
Are savings accounts from Parda Credit Union federally insured?
No, your Parda Credit Union savings accounts are not insured by a federal insurance agency. This means that if Parda Credit Union were to fall into financial difficulties, your deposits are not covered by a government-backed insurance fund like the FDIC or NCUSIF.
Does Parda Credit Union offer a signup bonus?
Parda Credit Union Premier Savings Account doesn't offer a signup bonus.
What is the minimum initial deposit for Parda Credit Union Premier Savings Account?
The minimum deposit to open a Parda Credit Union Premier Savings Account is $2,500.| Description | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Minimum Average Balance to Avoid Monthly Service Fee | Starting at $2,500 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Minimum Balance to Earn APY | $2,500 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Minimum Opening Deposit | Starting at $2,500 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
What APY does Parda Credit Union Premier Savings Account offer?
Parda Credit Union Premier Savings Account offers a variable APY starting at 0.20% and ranging up to 0.40% (APY stands for annual percentage yield, rates may change).
What fees does Parda Credit Union Premier Savings Account charge?
Parda Credit Union Premier Savings Account does not charge a monthly service fee. See the fee breakdown section below to view all fees.
However, you can waive the monthly fees if you have a minimum daily balance of $2,500.
What features and perks does Parda Credit Union Premier Savings Account offer?
This savings account includes the following features:
- Free Online Bill Pay - Online Bill Pay allows you to pay bills easily from your account.
- Mobile Banking Services - Parda Credit Union Premier Savings Account allows you to manage your money online or with a mobile app.
Can you set up a direct deposit to Parda Credit Union Premier 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 Parda Credit Union Premier Savings Account?
The customer support email for Parda Credit Union Premier Savings Account is info@parda.com.
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Contact
Headquarters
Hours of Operation
Sunday
Closed
Monday
8:00AM - 6:00PM
Tuesday
8:00AM - 6:00PM
Wednesday
8:00AM - 6:00PM
Thursday
8:00AM - 6:00PM
Friday
8:00AM - 6:00PM
Saturday
9:00AM - 1:00PM