Last Updated: 04/18/2025
Safeway Federal Credit Union Traditional IRA Share Account
Unaffiliated
Last Updated: 04/18/2025
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Highlights
APY (Annual Percentage Yield)
0.60%(Verified 06/21/2024)
Minimum Opening Deposit
$0
Minimum Balance to Earn APY
N/A
Safeway Federal Credit Union Traditional IRA Share Account Review
Safeway Federal Credit Union Traditional IRA Share Account is offered by Safeway Federal Credit Union, a credit union founded in and based in Spokane, WA. Safeway Federal Credit Union Traditional IRA Share Account are available in 50 states and Washington, DC.
Key Takeaways
- Higher than average APY. Safeway Federal Credit Union Traditional IRA Share Account has an annual percentage yield of up to 0.60%, which is higher than the average interest rate for savings accounts.
- No minimum initial deposit. There is no minimum balance required to open an account online.
Safeway Federal Credit Union Traditional IRA Share Account Pros & Cons
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Safeway Federal Credit Union Traditional IRA Share Account FAQ
Are savings accounts from Safeway 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 Safeway Federal Credit Union offer a signup bonus?
Safeway Federal Credit Union Traditional IRA Share Account doesn't offer a signup bonus.
What is the minimum initial deposit for Safeway Federal Credit Union Traditional IRA Share Account?
There is no minimum deposit to open a Safeway Federal Credit Union Traditional IRA Share Account.| Description | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Minimum Opening Deposit | $0.00 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
What APY does Safeway Federal Credit Union Traditional IRA Share Account offer?
Safeway Federal Credit Union Traditional IRA Share Account offers an APY of 0.60% (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 Safeway Federal Credit Union Traditional IRA Share Account charge?
Safeway Federal Credit Union Traditional IRA Share 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 $15.00 fee.
- Outgoing international bank transfers come with a $45.00 fee. You can save a ton of money in fees if you use use a nonbank money transfer service.
- Safeway Federal Credit Union Traditional IRA Share Account charges $1.00 every time you request a paper statement.
What features and perks does Safeway Federal Credit Union Traditional IRA Share Account offer?
This savings account includes the following features:
Can you set up a direct deposit to Safeway Federal Credit Union Traditional 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 Safeway Federal Credit Union Traditional IRA Share Account?
The customer support email for Safeway Federal Credit Union Traditional IRA Share Account is safewayfcu@hotmail.com.
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Hours of Operation
Sunday
Closed
Monday
8:00AM - 5:00PM
Tuesday
8:00AM - 5:00PM
Wednesday
8:00AM - 5:00PM
Thursday
8:00AM - 5:00PM
Friday
8:00AM - 5:00PM
Saturday
Closed