Last Updated: 04/18/2025
Teachers FCU Youth Savings Account
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Last Updated: 04/18/2025
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Highlights
APY (Annual Percentage Yield)
Up to 5.00%(Verified 08/25/2024)
Disclaimer popup with additional information
Minimum Opening Deposit
$1
Minimum Balance to Earn APY
$1
Teachers FCU Youth Savings Account Review
Teachers FCU Youth Savings Account is offered by Teachers Federal Credit Union, a credit union founded in 1974 and based in Hauppauge, NY. Teachers FCU Youth Savings Account are available in 50 states, 5 US territories, and Washington, DC.
Key Takeaways
- High yield savings. This account offers an annual percentage yield of up to 5.00%*, which is much higher than the average interest rate for a savings account.
- No monthly maintenance fees. This account does not charge any monthly account fees.
- Small minimum initial deposit. You only need $1 to open an account.
- No ATM fees. Teachers FCU Youth Savings Account does not charge fees on ATM transactions .
Teachers FCU Youth Savings Account Pros & Cons
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Teachers FCU Youth Savings Account FAQ
Are savings accounts from Teachers 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 Teachers Federal Credit Union offer a signup bonus?
Teachers FCU Youth Savings Account doesn't offer a signup bonus.
What is the minimum initial deposit for Teachers FCU Youth Savings Account?
The minimum deposit to open a Teachers FCU Youth Savings Account is $1.| Description | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Minimum Balance to Earn APY | $1 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Minimum Opening Deposit | $1 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
What APY* does Teachers FCU Youth Savings Account offer?
Teachers FCU Youth Savings Account offers an APY up to 5.00% (APY stands for annual percentage yield, rates may change). This is higher than the national average rate for savings accounts.
Earn 5.00% APY on the first $1,000.
What fees does Teachers FCU Youth Savings Account charge?
Teachers FCU Youth Savings Account does not charge a monthly service fee. See the fee breakdown section below to view all fees.
What features and perks does Teachers FCU Youth Savings Account offer?
This savings account includes the following features:
- Free Online Bill Pay - Online Bill Pay allows you to pay bills easily from your account.
- Mobile Banking Services - Teachers FCU Youth 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 Teachers FCU Youth 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 Teachers FCU Youth Savings Account?
The customer support email for Teachers FCU Youth Savings Account is webmail@teachersfcu.org.
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Contact
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Hours of Operation
Sunday
Closed
Monday
9:00AM - 5:00PM
Tuesday
9:00AM - 5:00PM
Wednesday
9:00AM - 5:00PM
Thursday
9:00AM - 5:00PM
Friday
9:00AM - 6:00PM
Saturday
9:00AM - 2:00PM