Last Updated: 04/18/2025
SIUE Credit Union Roth IRA Share Account
Unaffiliated
in Savings Accounts from SIUE Credit Union
Last Updated: 04/18/2025
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Highlights
APY (Annual Percentage Yield)
0.20%(Verified 06/21/2024)
Minimum Opening Deposit
$0
Minimum Balance to Earn APY
$250.01
SIUE Credit Union Roth IRA Share Account Review
SIUE Credit Union Roth IRA Share Account is offered by SIUE Credit Union, a credit union founded in 1959 and based in Edwardsville, IL. SIUE Credit Union Roth IRA Share Account are available in 50 states and Washington, DC.
Key Takeaways
- Low interest rate. The maximum annual percentage yield for this account is only 0.20%.
- No monthly maintenance fees. This account does not charge any monthly account fees.
- No minimum initial deposit. There is no minimum balance required to open an account online.
SIUE Credit Union Roth IRA Share Account Pros & Cons
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SIUE Credit Union Roth IRA Share Account FAQ
Are savings accounts from SIUE 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 SIUE Credit Union offer a signup bonus?
SIUE Credit Union Roth IRA Share Account doesn't offer a signup bonus.
What is the minimum initial deposit for SIUE Credit Union Roth IRA Share Account?
There is no minimum deposit to open a SIUE Credit Union Roth IRA Share Account.| Description | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Minimum Average Balance to Avoid Monthly Service Fee | $0.00 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Minimum Balance to Earn APY | $250.01 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Minimum Opening Deposit | $0.00 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
What APY does SIUE Credit Union Roth IRA Share Account offer?
SIUE Credit Union Roth IRA Share Account offers an APY of 0.20% (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 SIUE Credit Union Roth IRA Share Account charge?
SIUE Credit Union Roth 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 $25.00 fee.
- Incoming domestic bank transfers come with a $10.00 fee.
- Outgoing international bank transfers come with a $55.00 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 $15.00 fee.
- An overdraft on your account will trigger a $25.00 fee per item.
- SIUE Credit Union Roth IRA Share Account charges $2.50 every time you request a paper statement.
Does SIUE Credit Union Roth IRA Share Account charge overdraft fees?
Yes, SIUE Credit Union Roth IRA Share Account charges a $25.00 overdraft fee.What features and perks does SIUE Credit Union Roth IRA Share Account offer?
This savings account includes the following features:
- Mobile Banking Services - SIUE Credit Union Roth IRA Share Account allows you to manage your money online or with a mobile app.
Can you set up a direct deposit to SIUE Credit Union Roth 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.
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Hours of Operation
Sunday
Closed
Monday
8:30AM - 5:00PM
Tuesday
8:30AM - 5:00PM
Wednesday
8:30AM - 5:00PM
Thursday
8:30AM - 5:00PM
Friday
8:30AM - 5:00PM
Saturday
Closed