Last Updated: 04/18/2025
Park City Credit Union IRA Savings Account
Unaffiliated
Last Updated: 04/18/2025
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Highlights
APY (Annual Percentage Yield)
0.05%(Verified 06/21/2024)
Minimum Opening Deposit
$5
Minimum Balance to Earn APY
$5
Park City Credit Union IRA Savings Account Review
Park City Credit Union IRA Savings Account is offered by Park City Credit Union, a credit union founded in 1938 and based in Merrill, WI. Park City Credit Union IRA Savings Account are available in 50 states and Washington, DC.
Key Takeaways
- Low interest rate. The maximum annual percentage yield for this account is only 0.05%.
- 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.
Park City Credit Union IRA Savings Account Pros & Cons
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Park City Credit Union IRA Savings Account FAQ
Are savings accounts from Park City 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 Park City Credit Union offer a signup bonus?
Park City Credit Union IRA Savings Account doesn't offer a signup bonus.
What is the minimum initial deposit for Park City Credit Union IRA Savings Account?
The minimum deposit to open a Park City Credit Union IRA Savings 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 Park City Credit Union IRA Savings Account offer?
Park City Credit Union IRA Savings Account offers an APY of 0.05% (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 Park City Credit Union IRA Savings Account charge?
Park City Credit Union IRA 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 $20.00 fee.
- Incoming domestic bank transfers come with a $20.00 fee.
- Outgoing international bank transfers come with a $60.00 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 $60.00 fee.
- Park City Credit Union IRA Savings Account charges a $25.00 fee for an early account closure. Contact Park City Credit Union IRA Savings Account for more details on what is considered an early closure.
- An overdraft on your account will trigger a $34.00 fee per item.
Does Park City Credit Union IRA Savings Account charge overdraft fees?
Yes, Park City Credit Union IRA Savings Account charges a $34.00 overdraft fee. Park City Credit Union IRA Savings 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 Park City Credit Union IRA Savings Account offer?
This savings account includes the following features:
- Mobile Banking Services - Park City Credit Union IRA Savings 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 Park City Credit Union IRA 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 Park City Credit Union IRA Savings Account?
The customer support email for Park City Credit Union IRA Savings Account is info@parkcitycu.org.
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Hours of Operation
Sunday
Closed
Monday
9:00AM - 4:30PM
Tuesday
9:00AM - 4:30PM
Wednesday
9:00AM - 4:30PM
Thursday
9:00AM - 4:30PM
Friday
9:00AM - 4:30PM
Saturday
Closed