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  USAlliance Financial MyLife Savings Account
USAlliance Financial MyLife Savings Account Unaffiliated

USAlliance Financial MyLife Savings Account

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Highlights
Monthly Fee $0
(Verified 10/14/2022)
APY (Annual Percentage Yield) 0.02% - 2.00%
(Verified 10/14/2022)
Minimum Balance to Earn APY N/A

USAlliance Financial MyLife Savings Account Review

USAlliance Financial MyLife Savings Account is offered by USAlliance Federal Credit Union, a credit union founded in 1966 and based in Rye, NY. USAlliance Financial MyLife Savings Account are available in 50 states (and Washington, DC).

Key Takeaways

  • Very high annual percentage yield (APY). This account offers an annual percentage yield of up to 2.00%, which is much higher than the average interest rate for a savings account.
  • $500 minimum deposit. This is a typical minimum initial deposit, but there are accounts that require a smaller initial deposit or have no minimum.

USAlliance Financial Savings Account Pros & Cons

Pros Cons
  • Available in all 50 states.
  • High variable APY.
  • No signup bonus.
  • Does not offer mobile check deposits.
  • Does not provide access to a nationwide ATM network.
  • Does not come with a debit card
  • Not FDIC-insured.

USAlliance Financial Savings Account FAQ

Are savings accounts from USAlliance Federal Credit Union federally insured?

No, your USAlliance Federal Credit Union savings accounts are not insured by a federal insurance agency. This means that if USAlliance Federal Credit Union were to fall into financial difficulties, your deposits are not covered by a government-backed insurance fund like the FDIC or NCUSIF.

Does USAlliance Federal Credit Union offer a signup bonus?

USAlliance Financial Savings Account doesn't offer a signup bonus.

What is the minimum initial deposit for USAlliance Financial Savings Account?

The minimum deposit to open a USAlliance Financial Savings Account is $500.
USAlliance Financial MyLife Savings Account Minimums
Description
Minimum Opening Deposit $500

What APY does USAlliance Financial MyLife Savings Account offer?

USAlliance Financial Savings Account offers a variable APY starting at 0.02% and ranging up to 2.00% (APY stands for annual percentage yield, rates may change).

What fees does USAlliance Financial Savings Account charge?

USAlliance Financial Savings Account does not charge a monthly service fee. See the fee breakdown section below to view all fees.

Can you set up a direct deposit to USAlliance Financial 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 USAlliance Financial Savings Account?

The customer support email for USAlliance Financial Savings Account is memberservices@usalliance.org.

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Contact

Hours of Operation

  • Sunday Closed
  • Monday 8:45am - 4:30pm
  • Tuesday 8:45am - 4:30pm
  • Wednesday 8:45am - 4:30pm
  • Thursday 8:45am - 4:30pm
  • Friday 8:45am - 4:30pm
  • Saturday 9:00am - 2:00pm

About USAlliance Financial MyLife Savings Account

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View all savings accounts offered by USAlliance Federal Credit Union

Availability

  Available in 50 states and Washington, D.C.
  • Alabama
  • Alaska
  • Arizona
  • Arkansas
  • California
  • Colorado
  • Connecticut
  • Delaware
  • Florida
  • Georgia
  • Hawaii
  • Idaho
  • Illinois
  • Indiana
  • Iowa
  • Kansas
  • Kentucky
  • Louisiana
  • Maine
  • Maryland
  • Massachusetts
  • Michigan
  • Minnesota
  • Mississippi
  • Missouri
  • Montana
  • Nebraska
  • Nevada
  • New Hampshire
  • New Jersey
  • New Mexico
  • New York
  • North Carolina
  • North Dakota
  • Ohio
  • Oklahoma
  • Oregon
  • Pennsylvania
  • Rhode Island
  • South Carolina
  • South Dakota
  • Tennessee
  • Texas
  • Utah
  • Vermont
  • Virginia
  • Washington
  • Washington, DC
  • West Virginia
  • Wisconsin
  • Wyoming

Feature Breakdown

Minimum Opening Deposit $500
Monthly Fee $0
(Verified 10/14/2022)
Immigration Status Considered
  • U.S. Citizen
  • U.S. Permanent Resident
Verification Documents Required
  • Driver License (or other photo ID)
  • Proof of citizenship/residence (Green Card)
  • Social Security Number
  • Employer Identification Number
APY (Annual Percentage Yield) 0.02% - 2.00%
(Verified 10/14/2022)

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