Last Updated: 04/18/2025
Strata Credit Union Share Savings Account
Unaffiliated
in Savings Accounts from Strata Credit Union
Last Updated: 04/18/2025
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Highlights
APY (Annual Percentage Yield)
0.01%(Verified 07/06/2024)
Minimum Opening Deposit
$5
Minimum Balance to Earn APY
$0.01
Strata Credit Union Share Savings Account Review
Strata Credit Union Share Savings Account is offered by Strata Credit Union, a credit union founded in 1949 and based in Bakersfield, CA. Strata Credit Union Share Savings 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 0.01%.
- Waivable monthly maintenance fee. Maintain a minimum balance of $5.00 to avoid fee
- Small minimum initial deposit. You only need $5.00 to open an account.
Strata Credit Union Share Savings Account Pros & Cons
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Strata Credit Union Share Savings Account FAQ
Are savings accounts from Strata 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 Strata Credit Union offer a signup bonus?
Strata Credit Union Share Savings Account doesn't offer a signup bonus.
What is the minimum initial deposit for Strata Credit Union Share Savings Account?
The minimum deposit to open a Strata Credit Union Share Savings Account is $5.00.| Description | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Minimum Average Balance to Avoid Monthly Service Fee | $5.00 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Minimum Balance to Earn APY | $0.01 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Minimum Opening Deposit | $5.00 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Minimum Required Balance | $5.00 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
What APY does Strata Credit Union Share Savings Account offer?
Strata Credit Union Share Savings Account offers an APY of 0.01% (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 Strata Credit Union Share Savings Account charge?
This account charges a monthly service fee of $2.00. However, you can waive the monthly fees if you have a minimum daily balance of $5.00.
- Outgoing domestic bank transfers come with a $25.00 fee.
- Incoming domestic bank transfers come with a $10.00 fee.
- An overdraft on your account will trigger a $15.00 fee per item.
Does Strata Credit Union Share Savings Account charge overdraft fees?
Yes, Strata Credit Union Share Savings Account charges a $15.00 overdraft fee. Strata Credit Union Share Savings 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 Strata Credit Union Share Savings Account offer?
This savings account includes the following features:
- Mobile Banking Services - Strata Credit Union Share 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 Strata Credit Union Share 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 Strata Credit Union Share Savings Account?
The customer support email for Strata Credit Union Share Savings Account is marketing@stratacu.org.
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Hours of Operation
Sunday
Closed
Monday
9:00AM - 5:30PM
Tuesday
9:00AM - 5:30PM
Wednesday
9:00AM - 5:30PM
Thursday
9:00AM - 5:30PM
Friday
9:00AM - 5:30PM
Saturday
Closed
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Rating not yet determined
APY (Annual Percentage Yield)
0.01%
Disclaimer popup with additional information
Minimum Opening Deposit
$0
Minimum Balance to Earn APY
$0.01
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