Last Updated: 04/18/2025
South Atlantic FCU Club Account
Unaffiliated
Last Updated: 04/18/2025
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Highlights
APY (Annual Percentage Yield)
0.02%(Verified 09/11/2024)
Minimum Opening Deposit
$0
Minimum Balance to Earn APY
N/A
South Atlantic FCU Club Account Review
South Atlantic FCU Club Account is offered by South Atlantic Federal Credit Union, a credit union founded in 1973 and based in Boca Raton, FL. South Atlantic FCU Club Account are available in 50 states, 5 US territories, and Washington, DC.
Key Takeaways
- Low interest rate. The maximum annual percentage yield for this account is only 0.02%.
- 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.
South Atlantic FCU Club Account Pros & Cons
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South Atlantic FCU Club Account FAQ
Are savings accounts from South Atlantic 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 South Atlantic Federal Credit Union offer a signup bonus?
South Atlantic FCU Club Account doesn't offer a signup bonus.
What is the minimum initial deposit for South Atlantic FCU Club Account?
There is no minimum deposit to open a South Atlantic FCU Club Account.| Description | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Minimum Average Balance to Avoid Monthly Service Fee | $0.00 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Minimum Opening Deposit | $0.00 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
What APY does South Atlantic FCU Club Account offer?
South Atlantic FCU Club Account offers an APY of 0.02% (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 South Atlantic FCU Club Account charge?
South Atlantic FCU Club 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 $20.00 fee.
- Incoming domestic bank transfers come with a $10.00 fee.
- South Atlantic FCU Club Account charges a $20.00 fee for an early account closure. Contact South Atlantic FCU Club Account for more details on what is considered an early closure.
- An overdraft on your account will trigger a $35.00 fee per item.
- South Atlantic FCU Club Account charges $2.00 every time you request a paper statement.
Does South Atlantic FCU Club Account charge overdraft fees?
Yes, South Atlantic FCU Club Account charges a $35.00 overdraft fee. South Atlantic FCU Club 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 South Atlantic FCU Club Account offer?
This savings account includes the following features:
- Nationwide ATM network - Conveniently transact at a nearby ATM.
Can you set up a direct deposit to South Atlantic FCU Club 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 - 4:00PM
Tuesday
8:30AM - 4:00PM
Wednesday
8:30AM - 4:00PM
Thursday
8:30AM - 4:00PM
Friday
8:30AM - 4:00PM
Saturday
Closed