Last Updated: 04/18/2025
SWBE FCU IRA Savings Account
Unaffiliated
Last Updated: 04/18/2025
No Reviews Yet
This product has no reviews yet. Help others by sharing your thoughts.
Be the first to rateCompare All Savings Accounts
Filter & compare all your options in one place.
Highlights
APY (Annual Percentage Yield)
0.25%(Verified 09/17/2024)
Minimum Opening Deposit
Starting at $5
Minimum Balance to Earn APY
$5
SWBE FCU IRA Savings Account Review
SWBE FCU IRA Savings Account is offered by Sewerage and Water Board Employees' Federal Credit Union, a credit union founded in 1937 and based in New Orleans, LA. SWBE FCU IRA Savings Account are available in 50 states, 5 US territories, and Washington, DC.
Key Takeaways
- Higher than average APY. SWBE FCU IRA Savings Account has an annual percentage yield of up to 0.25%, which is higher than the average interest rate for savings accounts. Note that you must keep a minimum balance of $5 to earn that interest rate.
- Small minimum initial deposit. You only need $5 to open an account.
SWBE FCU IRA Savings Account Pros & Cons
| Pros | Cons |
|
|
SWBE FCU IRA Savings Account FAQ
Are savings accounts from Sewerage and Water Board Employees' 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 Sewerage and Water Board Employees' Federal Credit Union offer a signup bonus?
SWBE FCU IRA Savings Account doesn't offer a signup bonus.
What is the minimum initial deposit for SWBE FCU IRA Savings Account?
The minimum deposit to open a SWBE FCU IRA Savings Account is $5.| Description | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Minimum Balance to Earn APY | $5 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Minimum Opening Deposit | Starting at $5 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
What APY does SWBE FCU IRA Savings Account offer?
SWBE FCU IRA Savings Account offers an APY of 0.25% (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 SWBE FCU IRA Savings Account charge?
SWBE FCU IRA Savings Account does not charge a monthly service fee. See the fee breakdown section below to view all fees.
Can you set up a direct deposit to SWBE FCU IRA 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 SWBE FCU IRA Savings Account?
The customer support email for SWBE FCU IRA Savings Account is creditunion@swbfcu.com.
SuperMoney Disclosure: SuperMoney.com is an independent, advertising-supported service. The owner of this website may be compensated in exchange for featured placement of certain sponsored products and services, or your clicking on links posted on this website. Read more...
Editorial Disclaimer: Editorial and user-generated content on this page is not provided or commissioned by the issuer. Opinions expressed here are the author's alone and have not been approved or otherwise endorsed by any financial institution, including those that are advertising partners.
Hours of Operation
SundayClosedMonday8:00AM - 3:00PMTuesday8:00AM - 3:00PMWednesday8:00AM - 12:00PMThursday8:00AM - 3:00PMFriday8:00AM - 3:00PMSaturdayClosed
Other Services by Sewerage and Water Board Employees' Federal Credit Union
Other Savings Accounts from Sewerage and Water Board Employees' Federal Credit Union
Rating not yet determined
APY (Annual Percentage Yield)
0.05%
Disclaimer popup with additional information
Minimum Opening Deposit
$5
Minimum Balance to Earn APY
$5
Rating not yet determined
APY (Annual Percentage Yield)
0.05%
Disclaimer popup with additional information
Minimum Opening Deposit
$5
Minimum Balance to Earn APY
$5
SuperMoney Net Recommendation Score
This product has no reviews yet. Help others by sharing your thoughts.
0
-1000+100
No one recommends
Everyone recommends
SWBE FCU IRA Savings Account Community Reviews
Would you recommend SWBE FCU IRA Savings Account to your friends?
There are currently no reviews.
You might also like
Best Savings Accounts
SuperMoney
Savings vs. Money Market? Which Account Fits You Best?
Jessica Walrack
Should I Open a Savings Account and Why?
Erin Gobler
Opening a Joint Account: The Definitive Guide
Jessica Walrack