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Last Updated: 04/18/2025

Route 31 Credit Union IRA Savings Account

in Savings Accounts from Route 31 Credit Union

Last Updated: 04/18/2025

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Highlights

APY (Annual Percentage Yield)

0.75%(Verified 07/11/2024)

Minimum Opening Deposit

$500

Minimum Balance to Earn APY

$300

Route 31 Credit Union IRA Savings Account Review

Route 31 Credit Union IRA Savings Account is offered by Route 31 Credit Union, a credit union founded in 1949 and based in Muskegon, MI. Route 31 Credit Union IRA Savings Account are available in 50 states, 5 US territories, and Washington, DC.

Key Takeaways

Higher than average APY. Route 31 Credit Union IRA Savings Account has an annual percentage yield of up to 0.75%, which is higher than the average interest rate for savings accounts. Note that you must keep a minimum balance of $300.00 to earn that interest rate.
No monthly maintenance fees. This account does not charge any monthly account fees.
$500.00 minimum opening deposit. This is a typical minimum initial deposit.

Route 31 Credit Union IRA Savings Account Pros & Cons

Pros

Cons

Available in 50 states, 5 U.S. territories and Washington, DC.
Dividend-yielding account.
Insured by NCUA.
Access to physical branches.
Access to a nationwide network of ATMs.

Does not offer mobile check deposits.
Does not come with a debit card
No signup bonus.

Route 31 Credit Union IRA Savings Account FAQ

Are savings accounts from Route 31 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 Route 31 Credit Union offer a signup bonus?

Route 31 Credit Union IRA Savings Account doesn't offer a signup bonus.

What is the minimum initial deposit for Route 31 Credit Union IRA Savings Account?

The minimum deposit to open a Route 31 Credit Union IRA Savings Account is $500.00.

Route 31 Credit Union IRA Savings Account Minimums

Description

Minimum Average Balance to Avoid Monthly Service Fee

$0.00

Minimum Balance to Earn APY

$300.00

Minimum Opening Deposit

$500.00

What APY does Route 31 Credit Union IRA Savings Account offer?

Route 31 Credit Union IRA Savings Account offers an APY of 0.75% (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 Route 31 Credit Union IRA Savings Account charge?

Route 31 Credit Union IRA Savings Account does not charge a monthly service fee. See the fee breakdown section below to view all fees.

What features and perks does Route 31 Credit Union IRA Savings Account offer?

This savings account includes the following features:

Mobile Banking Services - Route 31 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 Route 31 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 Route 31 Credit Union IRA Savings Account?

The customer support email for Route 31 Credit Union IRA Savings Account is info@route31cu.com.

SuperMoney Disclosure: SuperMoney.com is an independent, advertising-supported service. The owner of this website may be compensated in exchange for featured placement of certain sponsored products and services, or your clicking on links posted on this website. Read more...

Editorial Disclaimer: Editorial and user-generated content on this page is not provided or commissioned by the issuer. Opinions expressed here are the author's alone and have not been approved or otherwise endorsed by any financial institution, including those that are advertising partners.

Contact

Headquarters

715 Terrace St

Ste 101

Muskegon, MI 49440

(231) 726-4871

Visit Site

Email Support

Hours of Operation

Sunday

Closed

Monday

9:30AM - 5:00PM

Tuesday

9:30AM - 5:00PM

Wednesday

9:30AM - 5:00PM

Thursday

9:30AM - 5:00PM

Friday

9:30AM - 5:00PM

Saturday

Closed

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APY (Annual Percentage Yield)

0.30%

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$25

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0.30%

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Route 31 Credit Union Tax Club Account

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APY (Annual Percentage Yield)

0.15%

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Route 31 Credit Union Vacation Club Account

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APY (Annual Percentage Yield)

0.15%

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SuperMoney Net Recommendation Score

This product has no reviews yet. Help others by sharing your thoughts.

-1000+100

No one recommends

Everyone recommends

The recommendation score reflects customer satisfaction with a provider. A score of +100 means every customer recommends the provider, while -100 means none of them do. These scores are based entirely on community member votes and are not influenced by partner compensation. SuperMoney removes fake reviews when detected.