Last Updated: 04/18/2025
Y-12 Federal Credit Union Jump Start Savings Account
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Last Updated: 04/18/2025
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Highlights
APY (Annual Percentage Yield)
0.05% - 2.00%(Verified 06/21/2024)
Minimum Opening Deposit
$1
Minimum Balance to Earn APY
$5,000
Y-12 Federal Credit Union Jump Start Savings Account Review
Y-12 Federal Credit Union Jump Start Savings Account is offered by Y-12 Federal Credit Union, a credit union founded in 1950 and based in Oak Ridge, TN. Y-12 Federal Credit Union Jump Start Savings Account are available in 50 states and Washington, DC.
Key Takeaways
- Supports joint accounts. This allows two people to have equal authority over the management of an account.
- 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. However, you must meet minimum balance requirements for higher APYs.
- 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.
Y-12 Federal Credit Union Jump Start Savings Account Pros & Cons
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Y-12 Federal Credit Union Jump Start Savings Account FAQ
Are savings accounts from Y-12 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 Y-12 Federal Credit Union offer a signup bonus?
Y-12 Federal Credit Union Jump Start Savings Account doesn't offer a signup bonus.
What is the minimum initial deposit for Y-12 Federal Credit Union Jump Start Savings Account?
The minimum deposit to open a Y-12 Federal Credit Union Jump Start Savings Account is $1.00.| Description | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Minimum Average Balance to Avoid Monthly Service Fee | $0.00 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Minimum Balance to Earn APY | $5,000.00 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Minimum Opening Deposit | $1.00 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
What APY does Y-12 Federal Credit Union Jump Start Savings Account offer?
Y-12 Federal Credit Union Jump Start Savings Account offers a variable APY starting at 0.05% and ranging up to 2.00% (APY stands for annual percentage yield, rates may change).
What fees does Y-12 Federal Credit Union Jump Start Savings Account charge?
Y-12 Federal Credit Union Jump Start Savings Account does not charge a monthly service fee. See the fee breakdown section below to view all fees.
- A bank-teller fee of $2.00. Think twice before visiting a branch of this bank. This fee is triggered when you use a human teller instead of processing a transaction online or on an ATM.
- Outgoing domestic bank transfers come with a $15.00 fee.
- Incoming domestic bank transfers come with a $10.00 fee.
- Outgoing international bank transfers come with a $95.00 fee. You can save a ton of money in fees if you use use a nonbank money transfer service.
- Incoming international bank transfers come with a $15.00 fee.
- Y-12 Federal Credit Union Jump Start Savings Account charges a $15.00 fee for an early account closure. Contact Y-12 Federal Credit Union Jump Start Savings Account for more details on what is considered an early closure.
- An overdraft on your account will trigger a $32.00 fee per item.
- Y-12 Federal Credit Union Jump Start Savings Account charges $2.00 every time you request a paper statement.
Does Y-12 Federal Credit Union Jump Start Savings Account charge overdraft fees?
Yes, Y-12 Federal Credit Union Jump Start Savings Account charges a $32.00 overdraft fee. Y-12 Federal Credit Union Jump Start Savings Account offers overdraft protection at a cost of $32.00 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 Y-12 Federal Credit Union Jump Start Savings Account offer?
This savings account includes the following features:
- Free Online Bill Pay - Online Bill Pay allows you to pay bills easily from your account.
Can you set up a direct deposit to Y-12 Federal Credit Union Jump Start 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 Y-12 Federal Credit Union Jump Start Savings Account?
The customer support email for Y-12 Federal Credit Union Jump Start Savings Account is Y12info@y12fcu.org.
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Hours of Operation
Sunday
Closed
Monday
9:00AM - 5:30PM
Tuesday
9:00AM - 5:30PM
Wednesday
9:00AM - 5:30PM
Thursday
9:00AM - 5:30PM
Friday
9:00AM - 5:30PM
Saturday
9:00AM - 12:00PM