Last Updated: 04/18/2025
Tee Pak Credit Union IRA Share Savings Account
Unaffiliated
from Tee Pak Credit Union
Last Updated: 04/18/2025
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Highlights
APY (Annual Percentage Yield)
0.20%(Verified 07/10/2024)
Minimum Opening Deposit
$0
Minimum Balance to Earn APY
N/A
Tee Pak Credit Union IRA Share Savings Account Review
Tee Pak Credit Union IRA Share Savings Account is offered by Tee Pak Credit Union, a credit union founded in 1949 and based in Danville, IL. Tee Pak Credit Union IRA 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 0.20%.
- Charges a monthly fee. This account charges a monthly fee of $2.0833.
- No minimum initial deposit. There is no minimum balance required to open an account online.
Tee Pak Credit Union IRA Share Savings Account Pros & Cons
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Tee Pak Credit Union IRA Share Savings Account FAQ
Are savings accounts from Tee Pak 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 Tee Pak Credit Union offer a signup bonus?
Tee Pak Credit Union IRA Share Savings Account doesn't offer a signup bonus.
What is the minimum initial deposit for Tee Pak Credit Union IRA Share Savings Account?
There is no minimum deposit to open a Tee Pak Credit Union IRA Share Savings Account.| Description | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Minimum Average Balance to Avoid Monthly Service Fee | $0.00 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Minimum Opening Deposit | $0.00 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
What APY does Tee Pak Credit Union IRA Share Savings Account offer?
Tee Pak Credit Union IRA Share Savings 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 Tee Pak Credit Union IRA Share Savings Account charge?
This account charges a monthly service fee of $2.0833.
- Outgoing domestic bank transfers come with a $20.00 fee.
- Incoming domestic bank transfers come with a $10.00 fee.
- An overdraft on your account will trigger a $30.00 fee per item.
- Tee Pak Credit Union IRA Share Savings Account charges $5.00 every time you request a paper statement.
Does Tee Pak Credit Union IRA Share Savings Account charge overdraft fees?
Yes, Tee Pak Credit Union IRA Share Savings Account charges a $30.00 overdraft fee. Tee Pak Credit Union IRA Share Savings Account offers overdraft protection at a cost of $10.00 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 Tee Pak Credit Union IRA Share Savings Account offer?
This savings account includes the following features:
- Mobile Banking Services - Tee Pak Credit Union IRA 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 Tee Pak Credit Union IRA 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.
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Hours of Operation
SundayClosedMonday8:30AM - 5:00PMTuesday8:30AM - 5:00PMWednesday10:00AM - 5:00PMThursday8:30AM - 5:00PMFriday8:30AM - 6:00PMSaturdayClosed
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APY (Annual Percentage Yield)
0.05%
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Minimum Opening Deposit
$0
Minimum Balance to Earn APY
N/A
Rating not yet determined
APY (Annual Percentage Yield)
0.05% - 0.12%
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Minimum Opening Deposit
$5
Minimum Balance to Earn APY
N/A
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