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Last Updated: 04/18/2025

USAlliance Financial MyLife Savings Account

from USAlliance Federal Credit Union

Last Updated: 04/18/2025

Rating not yet determined1 total votes

1 users recommend

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Highlights

APY (Annual Percentage Yield)

0.02% - 2.00%(Verified 06/21/2024)

Minimum Opening Deposit

$500

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 Savings Account are available in 50 states and Washington, DC.

Key Takeaways

High yield savings. 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 opening deposit. This is a typical minimum initial deposit.

USAlliance Financial Savings Account Pros & Cons

Pros

Cons

Available in 50 states and Washington, DC.
High yield APY .

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.
No signup bonus.

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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Editorial Disclaimer: Editorial and user-generated content on this page is not provided or commissioned by the issuer. Opinions expressed here are the author's alone and have not been approved or otherwise endorsed by any financial institution, including those that are advertising partners.

Contact

Headquarters

411 Theodore Fremd Ave

Suite 350

Rye, NY 10580

(800) 431-2754

Visit Site

Email Support

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

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APY (Annual Percentage Yield)

4.65%

Disclaimer popup with additional information

Minimum Opening Deposit

Starting at $0

Minimum Balance to Earn APY

$500

Visit Site

USAlliance Financial MyLife Savings for Kids

Rating not yet determined

2 reviews

APY (Annual Percentage Yield)

0.02% - 2.00%

Disclaimer popup with additional information

Minimum Opening Deposit

Up to $500

Minimum Balance to Earn APY

N/A

Visit Site

SuperMoney Net Recommendation Score

Not enough SuperMoney users have reviewed this product to provide a recommendation score or rating.

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The recommendation score reflects customer satisfaction with a provider. A score of +100 means every customer recommends the provider, while -100 means none of them do. These scores are based entirely on community member votes and are not influenced by partner compensation. SuperMoney removes fake reviews when detected.

USAlliance Financial MyLife Savings Account Community Reviews

Would you recommend USAlliance Financial MyLife Savings Account to your friends?

Ola J.

Jul 13, 2023

May or may not recommend

The USAlliance Financial MyLife Savings Account is a top choice for anyone looking to grow their savings effectively while enjoying convenience and excellent customer service. I can confidently recommend this account to my friends, knowing that it will provide them with the tools and support they need for their financial well-being.

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