Last Updated: 04/18/2025
TRUE Community CU IRA Savings Account
Unaffiliated
Last Updated: 04/18/2025
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Highlights
APY (Annual Percentage Yield)
0.25%(Verified 06/21/2024)
Minimum Opening Deposit
$50
Minimum Balance to Earn APY
N/A
TRUE Community CU IRA Savings Account Review
TRUE Community CU IRA Savings Account is offered by TRUE Community Credit Union, a credit union founded in 1953 and based in Jackson, MI. TRUE Community CU IRA Savings Account are available in 50 states and Washington, DC.
Key Takeaways
- Higher than average APY. TRUE Community CU IRA Savings Account has an annual percentage yield of up to 0.25%, which is higher than the average interest rate for savings accounts.
- Charges a monthly fee. This account charges a monthly fee of $0.833.
TRUE Community CU IRA Savings Account Pros & Cons
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TRUE Community CU IRA Savings Account FAQ
Are savings accounts from TRUE Community 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 TRUE Community Credit Union offer a signup bonus?
TRUE Community CU IRA Savings Account doesn't offer a signup bonus.
What is the minimum initial deposit for TRUE Community CU IRA Savings Account?
The minimum deposit to open a TRUE Community CU IRA Savings Account is $50.00.| Description | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Minimum Average Balance to Avoid Monthly Service Fee | $0.00 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Minimum Opening Deposit | $50.00 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
What APY does TRUE Community CU IRA Savings Account offer?
TRUE Community CU 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 TRUE Community CU IRA Savings Account charge?
This account charges a monthly service fee of $0.833.
- Outgoing domestic bank transfers come with a $30.00 fee.
- Outgoing international bank transfers come with a $50.00 fee. You can save a ton of money in fees if you use use a nonbank money transfer service.
- An overdraft on your account will trigger a $30.00 fee per item.
- TRUE Community CU IRA Savings Account charges $5.00 every time you request a paper statement.
Does TRUE Community CU IRA Savings Account charge overdraft fees?
Yes, TRUE Community CU IRA Savings Account charges a $30.00 overdraft fee. TRUE Community CU IRA 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 TRUE Community CU IRA Savings Account offer?
This savings account includes the following features:
- Mobile Banking Services - TRUE Community CU IRA 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 TRUE Community CU 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.
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Hours of Operation
Sunday
Closed
Monday
9:30AM - 5:30PM
Tuesday
9:30AM - 5:30PM
Wednesday
9:30AM - 5:30PM
Thursday
9:30AM - 5:30PM
Friday
9:30AM - 5:30PM
Saturday
Closed