Last Updated: 04/18/2025
Tennessee Valley FCU Individual Retirement Accounts
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Last Updated: 04/18/2025
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Highlights
APY (Annual Percentage Yield)
2.50% - 3.00%(Verified 06/21/2024)
Minimum Opening Deposit
$25
Minimum Balance to Earn APY
$0
Tennessee Valley FCU Individual Retirement Accounts Review
Tennessee Valley FCU Individual Retirement Accounts is offered by Tennessee Valley Federal Credit Union, a credit union founded in 1934 and based in Chattanooga, TN. Tennessee Valley FCU Individual Retirement Accounts 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 3.00%, 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.
Tennessee Valley FCU Individual Retirement Accounts Pros & Cons
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Tennessee Valley FCU Individual Retirement Accounts FAQ
Are savings accounts from Tennessee Valley 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 Tennessee Valley Federal Credit Union offer a signup bonus?
Tennessee Valley FCU Individual Retirement Accounts doesn't offer a signup bonus.
What is the minimum initial deposit for Tennessee Valley FCU Individual Retirement Accounts?
The minimum deposit to open a Tennessee Valley FCU Individual Retirement Accounts is $25.00.| Description | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Minimum Average Balance to Avoid Monthly Service Fee | $0.00 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Minimum Balance to Earn APY | $0.00 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Minimum Opening Deposit | $25.00 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
What APY does Tennessee Valley FCU Individual Retirement Accounts offer?
Tennessee Valley FCU Individual Retirement Accounts offers a variable APY starting at 2.50% and ranging up to 3.00% (APY stands for annual percentage yield, rates may change). This is much higher than the national average rate for savings accounts.
What fees does Tennessee Valley FCU Individual Retirement Accounts charge?
Tennessee Valley FCU Individual Retirement Accounts 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.
- Outgoing international bank transfers come with a $55.00 fee. You can save a ton of money in fees if you use use a nonbank money transfer service.
- Incoming international bank transfers come with a $10.00 fee.
- Tennessee Valley FCU Individual Retirement Accounts charges a $25.00 fee for an early account closure. Contact Tennessee Valley FCU Individual Retirement Accounts for more details on what is considered an early closure.
- An overdraft on your account will trigger a $34.00 fee per item.
- Tennessee Valley FCU Individual Retirement Accounts charges $1.00 every time you request a paper statement.
Does Tennessee Valley FCU Individual Retirement Accounts charge overdraft fees?
Yes, Tennessee Valley FCU Individual Retirement Accounts charges a $34.00 overdraft fee.What features and perks does Tennessee Valley FCU Individual Retirement Accounts offer?
This savings account includes the following features:
- Mobile Banking Services - Tennessee Valley FCU Individual Retirement Accounts 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 Tennessee Valley FCU Individual Retirement Accounts?
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
9:00AM - 5:00PM
Tuesday
9:00AM - 5:00PM
Wednesday
9:00AM - 5:00PM
Thursday
9:00AM - 5:00PM
Friday
9:00AM - 5:00PM
Saturday
Closed