Last Updated: 04/18/2025
Select Seven CU IRA Accumulation Account
Unaffiliated
Last Updated: 04/18/2025
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Highlights
APY (Annual Percentage Yield)
0.10% - 0.40%(Verified 06/21/2024)
Minimum Opening Deposit
$100
Minimum Balance to Earn APY
$100
Select Seven CU IRA Accumulation Account Review
Select Seven CU IRA Accumulation Account is offered by Select Seven Credit Union, a credit union founded in 1949 and based in Johnson City, TN. Select Seven CU IRA Accumulation Account are available in 50 states and Washington, DC.
Key Takeaways
- Higher than average APY. Select Seven CU IRA Accumulation 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 $100 to earn that interest rate.
- $100 minimum opening deposit. This is a typical minimum initial deposit.
Select Seven CU IRA Accumulation Account Pros & Cons
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Select Seven CU IRA Accumulation Account FAQ
Are savings accounts from Select Seven 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 Select Seven Credit Union offer a signup bonus?
Select Seven CU IRA Accumulation Account doesn't offer a signup bonus.
What is the minimum initial deposit for Select Seven CU IRA Accumulation Account?
The minimum deposit to open a Select Seven CU IRA Accumulation Account is $100.| Description | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Minimum Average Balance to Avoid Monthly Service Fee | $0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Minimum Balance to Earn APY | $100 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Minimum Opening Deposit | $100 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Minimum Average Combined Balance to Avoid Monthly Maintenance Fee | Starting at $0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Minimum Required Balance | $100 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Minimum Account Transfer to Avoid Monthly Fee | $0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
What APY does Select Seven CU IRA Accumulation Account offer?
Select Seven CU IRA Accumulation Account offers a variable APY starting at 0.10% and ranging up to 0.40% (APY stands for annual percentage yield, rates may change).
What fees does Select Seven CU IRA Accumulation Account charge?
Select Seven CU IRA Accumulation Account does not charge a monthly service fee. See the fee breakdown section below to view all fees.
What features and perks does Select Seven CU IRA Accumulation Account offer?
This savings account includes the following features:
- Mobile Banking Services - Select Seven CU IRA Accumulation Account allows you to manage your money online or with a mobile app.
Can you set up a direct deposit to Select Seven CU IRA Accumulation 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 Select Seven CU IRA Accumulation Account?
The customer support email for Select Seven CU IRA Accumulation Account is sscuweb@selectsevencu.org.
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Hours of Operation
Sunday
Closed
Monday
8:00AM - 5:00PM
Tuesday
8:00AM - 5:00PM
Wednesday
9:00AM - 5:00PM
Thursday
8:00AM - 5:00PM
Friday
8:30AM - 5:30PM
Saturday
Closed