Last Updated: 04/18/2025
Rally Credit Union Basic Savings Account
Unaffiliated
in Savings Accounts from Rally Credit Union
Last Updated: 04/18/2025
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Highlights
APY (Annual Percentage Yield)
0.25%(Verified 07/03/2024)
Minimum Opening Deposit
$25
Minimum Balance to Earn APY
$50
Rally Credit Union Basic Savings Account Review
Rally Credit Union Basic Savings Account is offered by Rally Credit Union, a credit union founded in 1955 and based in Corpus Christi, TX. Rally Credit Union Basic Savings Account are available in 50 states, 5 US territories, and Washington, DC.
Key Takeaways
- Higher than average APY. Rally Credit Union Basic Savings 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 $50.00 to earn that interest rate.
- No monthly maintenance fees. This account does not charge any monthly account fees.
Rally Credit Union Basic Savings Account Pros & Cons
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Rally Credit Union Basic Savings Account FAQ
Are savings accounts from Rally 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 Rally Credit Union offer a signup bonus?
Rally Credit Union Basic Savings Account doesn't offer a signup bonus.
What is the minimum initial deposit for Rally Credit Union Basic Savings Account?
The minimum deposit to open a Rally Credit Union Basic Savings Account is $25.00.| Description | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Minimum Average Balance to Avoid Monthly Service Fee | $0.00 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Minimum Balance to Earn APY | $50.00 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Minimum Opening Deposit | $25.00 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
What APY does Rally Credit Union Basic Savings Account offer?
Rally Credit Union Basic Savings 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 Rally Credit Union Basic Savings Account charge?
Rally Credit Union Basic 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 $25.00 fee.
- An overdraft on your account will trigger a $30.00 fee per item.
- Rally Credit Union Basic Savings Account charges $3.50 every time you request a paper statement.
Does Rally Credit Union Basic Savings Account charge overdraft fees?
Yes, Rally Credit Union Basic Savings Account charges a $30.00 overdraft fee. Rally Credit Union Basic 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 Rally Credit Union Basic Savings Account offer?
This savings account includes the following features:
- Mobile Banking Services - Rally Credit Union Basic 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 Rally Credit Union Basic 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 Rally Credit Union Basic Savings Account?
The customer support email for Rally Credit Union Basic Savings Account is info@rallycu.com.
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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