Last Updated: 04/18/2025
Tremont Credit Union Youth Savings Account
Unaffiliated
in Savings Accounts from Tremont Credit Union
Last Updated: 04/18/2025
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Highlights
APY (Annual Percentage Yield)
1.00% - 6.18%(Verified 06/21/2024)
Minimum Opening Deposit
$1
Minimum Balance to Earn APY
$1
Tremont Credit Union Youth Savings Account Review
Tremont Credit Union Youth Savings Account is offered by Tremont Credit Union, a credit union founded in 1952 and based in Milton, MA. Tremont Credit Union 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 6.18%, 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 $1.00 to open an account.
Tremont Credit Union Youth Savings Account Pros & Cons
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Tremont Credit Union Youth Savings Account FAQ
Are savings accounts from Tremont 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 Tremont Credit Union offer a signup bonus?
Tremont Credit Union Youth Savings Account doesn't offer a signup bonus.
What is the minimum initial deposit for Tremont Credit Union Youth Savings Account?
The minimum deposit to open a Tremont Credit Union Youth Savings Account is $1.00.| Description | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Minimum Average Balance to Avoid Monthly Service Fee | $0.00 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Minimum Balance to Earn APY | $1.00 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Minimum Opening Deposit | $1.00 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
What APY does Tremont Credit Union Youth Savings Account offer?
Tremont Credit Union Youth Savings Account offers a variable APY starting at 1.00% and ranging up to 6.18% (APY stands for annual percentage yield, rates may change).
What fees does Tremont Credit Union Youth Savings Account charge?
Tremont Credit Union Youth Savings Account 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.
- An overdraft on your account will trigger a $32.00 fee per item.
- Tremont Credit Union Youth Savings Account charges $5.00 every time you request a paper statement.
Does Tremont Credit Union Youth Savings Account charge overdraft fees?
Yes, Tremont Credit Union Youth Savings Account charges a $32.00 overdraft fee. Tremont Credit Union Youth 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 Tremont Credit Union Youth Savings Account offer?
This savings account includes the following features:
- Mobile Banking Services - Tremont Credit Union 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 Tremont Credit Union 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 Tremont Credit Union Youth Savings Account?
The customer support email for Tremont Credit Union Youth Savings Account is info@tremontcu.org.
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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