Last Updated: 04/18/2025
Tuscaloosa VA FCU Individual Retirement Account
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Last Updated: 04/18/2025
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Highlights
APY (Annual Percentage Yield)
1.00%(Verified 08/25/2024)
Minimum Opening Deposit
$500
Minimum Balance to Earn APY
$500
Tuscaloosa VA FCU Individual Retirement Account Review
Tuscaloosa VA FCU Individual Retirement Account is offered by Tuscaloosa VA Federal Credit Union, a credit union founded in 1951 and based in Tuscaloosa, AL. Tuscaloosa VA FCU Individual Retirement Account are available in 50 states, 5 US territories, and Washington, DC.
Key Takeaways
- Higher than average APY. Tuscaloosa VA FCU Individual Retirement Account has an annual percentage yield of up to 1.00%, which is higher than the average interest rate for savings accounts. Note that you must keep a minimum balance of $500.00 to earn that interest rate.
- No monthly maintenance fees. This account does not charge any monthly account fees.
- $500.00 minimum opening deposit. This is a typical minimum initial deposit.
Tuscaloosa VA FCU Individual Retirement Account Pros & Cons
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Tuscaloosa VA FCU Individual Retirement Account FAQ
Are savings accounts from Tuscaloosa VA 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 Tuscaloosa VA Federal Credit Union offer a signup bonus?
Tuscaloosa VA FCU Individual Retirement Account doesn't offer a signup bonus.
What is the minimum initial deposit for Tuscaloosa VA FCU Individual Retirement Account?
The minimum deposit to open a Tuscaloosa VA FCU Individual Retirement Account is $500.00.| Description | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Minimum Average Balance to Avoid Monthly Service Fee | $0.00 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Minimum Balance to Earn APY | $500.00 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Minimum Opening Deposit | $500.00 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
What APY does Tuscaloosa VA FCU Individual Retirement Account offer?
Tuscaloosa VA FCU Individual Retirement Account offers an APY of 1.00% (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 Tuscaloosa VA FCU Individual Retirement Account charge?
Tuscaloosa VA FCU Individual Retirement 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 $15.00 fee.
- Tuscaloosa VA FCU Individual Retirement Account charges a $25.00 fee for an early account closure. Contact Tuscaloosa VA FCU Individual Retirement Account for more details on what is considered an early closure.
- An overdraft on your account will trigger a $30.00 fee per item.
- Tuscaloosa VA FCU Individual Retirement Account charges $1.00 every time you request a paper statement.
Does Tuscaloosa VA FCU Individual Retirement Account charge overdraft fees?
Yes, Tuscaloosa VA FCU Individual Retirement Account charges a $30.00 overdraft fee. Tuscaloosa VA FCU Individual Retirement Account offers overdraft protection at a cost of $2.00 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 Tuscaloosa VA FCU Individual Retirement Account offer?
This savings account includes the following features:
- Mobile Banking Services - Tuscaloosa VA FCU Individual Retirement 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 Tuscaloosa VA FCU Individual Retirement 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
8:00AM - 4:00PM
Tuesday
8:00AM - 4:00PM
Wednesday
8:00AM - 4:00PM
Thursday
8:00AM - 4:00PM
Friday
8:00AM - 4:00PM
Saturday
Closed