While it’s great that Synovus Bank doesn’t charge you a monthly maintenance fee, it’s also a noninterest-bearing account. It’s probably best for those who intend on using this an account for daily use or don’t plan on keeping a lot of money in it.

All checking accounts come with bill pay and online and mobile banking. You also get a Visa check card that you can add to Apple Pay®, Google Pay™ or Samsung Pay®. You can use this card to access Synovus Bank ATMs, as well as over 1,190 surcharge-free ATMs through the Publix Presto! network.

How to get Synovus Bank’s Free Checking account

You’ll need to head a branch to open an account. You’ll most likely need to provide your state-issued ID and Social Security number to do so.

If you’re looking for more from a checking account, this could be a good choice for you. The rates could change depending on whether you have multiple accounts with Synovus Bank. The rates aren’t advertised on the bank’s website, so it’s best to call to find out the current ones.You may also get bonus rates depending on your average daily balance amounts. If you can maintain $15,000 across your deposit, loan and credit card accounts, you can earn an extra 0.05%. For those who can reach a $25,000 average daily balance across Synovus Bank accounts, you can earn a 0.15% bonus rate.

Other features of the account include free standard checks, up to four ATM withdrawal refunds a month and online and mobile banking. You’ll also get discounts such as 50% off designer checks and safe deposit box rentals. The Visa Platinum check card comes with benefits such as purchase security and lost luggage insurance.

The monthly maintenance fee seems steep considering there are no-fee accounts out there, but you can get it waived in a variety of ways. You can either maintain a $5,000 minimum average balance in the Preferred Account, a $15,000 average daily balance across your deposit, loan and credit card accounts, or $25,000 if you want to include your CD or IRA accounts.

If you do end up paying the monthly maintenance fee, you can knock off $2 if you’re registered for e-statements and online and mobile banking. You also can waive monthly fees on two other Synovus checking or money market accounts. To do so, you’ll need to contact the bank.

How to get Synovus Bank’s Preferred Account

To open a Preferred Account, you’ll need to head to a branch. Synovus Bank will likely ask you for a way to fund the account, proof of ID and your Social Security number. To find out more, call customer service at 888-796-6887.

This account is for those who are at least 55. The cool part is you can get some savings compared to the Preferred Account — perks such as a lower monthly maintenance fee and free notary services. You also get a box of standard checks for free and other benefits such as zero liability protection with your Visa check card. You do earn some interest with this account, but it isn’t advertised on its website, meaning you’ll need to contact Synovus Bank for details.Like the Preferred Account, you can waive the monthly maintenance fee with the Gold Checking account. To do so, you’ll need to maintain a minimum average daily balance of $1,000 or have at least $500 in monthly direct deposits each month. If you registered for e-statements and online and mobile banking, you can get a $2 credit each month if you are paying the monthly maintenance fee.

How to get Synovus Bank’s Gold Checking account

You’ll need to go to a branch to open an account. To find out more, call customer service at 888-796-6887, but you’ll most likely be asked to bring documentation such as your Social Security card and state-issued ID.

The Military Interest Checking account is only for active duty, retired or reserved personnel, which can include Department of Defense civilians. Account holders can get their first order of standard checks for free, e-statements and online and mobile banking. You’re not charged ATM fees and can get up to five out-of-network ATM refunds a month.Although there is a monthly maintenance fee, you can get that waived if you make a monthly direct deposit of at least $1 from your Defense Finance and Accounting Service paycheck. If you sign up for e-statements and Synovus digital banking, you can get a $2 credit toward your monthly maintenance fee — that is, if you need to pay it for any given month.

One more thing: You do earn interest, but the rates aren’t available on its website. To find out the rates, it’s best to contact Synovus Bank.

How to get Synovus Bank’s Military Interest Checking account

Show up at a Synovus Bank location to open an account. You’ll most likely need to provide funds to open the account, your Social Security number and proof of employment.

This account is a simple savings account that’s best for those who don’t want to worry about minimum balance amounts and are interested in getting ATM access. If you have a checking account, you can link your savings account and access your funds using your Visa check card. Otherwise, when we contacted Synovus Bank on Oct. 22, 2018, customer service mentioned you can request an ATM card. Either way, you have access to over 1,190 surcharge-free ATMs through the Publix Presto! ATM network.

Other features include bill pay, e-statements and online banking. Federal Reserve Regulation D allows up to six certain withdrawals a month, but Synovus Bank will charge you $3 each time you go over two withdrawals in a month.

How to get Synovus Bank’s Signature Personal Savings account

To open a Signature Personal Savings account, go to a Synovus Bank location. You’ll be asked for information such as your name, address and Social Security number, but you can call customer service 888-796-6887 to find out.

The Minor Savings account is available to those younger than 18 (or 19 if you’re not married and residing in Alabama) who agree to have a parent or guardian as the joint owner. There is no ATM access, which Synovus Bank told us when we contacted it on Oct. 22, 2018. Once the minor reaches adulthood, this will be converted to a Signature Personal Savings account.

You don’t need to pay any fees unless you end up making more than two withdrawals a month. Go over that amount and you’re looking at $3 per withdrawal.

How to get Synovus Bank’s Minor Savings account

You and your child will need to head to a branch to open an account. You’ll both likely need to bring a state-issued ID and Social Security card. You’ll also need a method to fund the account.

If you’re after a savings account dedicated to your short-term savings goals, the Holiday Savings account is an option. Think of it like a certificate of deposit where you set aside money for a specific amount of time — in this case annually — and set automatic deposits to the account until the period is up. Synovus Bank will then automatically deposit your balance into your checking account, or you can have a check mailed to you.

Unfortunately, the rates aren’t advertised on the website, so you’ll need to do your own research and call Synovus Bank to find out. And, yes, you can take money out anytime, but you’re looking at a $5 fee each time you do so. Also, federal Regulation D allows you up to six certain withdrawals a month, meaning your account could be converted to a checking account if you continually make excessive withdrawals.

How to get Synovus Bank’s Holiday Savings account

Like all the other accounts so far, you’ll need to head to a branch to open this one. You may need to bring along items such as your Social Security card and state-issued ID.

The fixed-rate CDs have a wide variety of terms — anywhere from less than three months to five years or more. Unfortunately, the rates aren’t advertised, including the current promo rates that require a higher minimum opening deposit. To find out, you can call customer service at 888-796-6887 or stop by one of Synovus Bank’s branches.

The interest you earn for the CD is compounded daily and credited monthly, though you can request other options. These CDs renew at maturity, though you can make changes during the 10-day grace period such as making additional deposits and withdrawals or renewing for another term.

How to get Synovus Bank’s CDs

The only way to open a Synovus Bank CD right now is to head to a branch. Documents you may need to bring include your Social Security card and state-issued ID, as well as funds to open the account. It’s probably best to call customer service at 888-796-6887 before you go.

The Signature Money Market account offers higher APYs the more you have on deposit, though you’ll need to contact customer service since the rates aren’t advertised on Synovus Bank’s website.

There is a monthly maintenance fee, but you can waive it if you can either maintain a $1,000 minimum daily balance or $2,500 average daily balance. We found out when we contacted the bank on Oct. 22, 2018, that you also get limited check-writing capabilities, as well as free notary services and online and mobile banking.

Since this is considered a savings account, Regulation D allows up to six certain withdrawals a month. Otherwise, you’re looking at a $15 excessive transaction fee for each withdrawal you go over.

How to get Synovus Bank’s Signature Money Market account

You’ll need to head to a branch to open a Signature Money Market account. Like other deposit accounts, you’ll most likely need your Social Security number and state-issued ID to open one.

The Premium Money Market account could offer higher rates, though you’ll need to contact Synovus Bank because they aren’t advertised on the website. But with higher rates comes a higher cost — a much bigger minimum opening deposit amount. This could be limiting for many, especially those who don’t have that much money sitting around. It’s something to consider before opening any money market account.

You don’t get ATM access but there are limited check-writing capabilities, according to an Oct. 22, 2018, conversation with customer service. You also get online and mobile banking access. As for the monthly maintenance fee, you can get that waived if you can maintain either a $20,000 average daily balance or a $10,000 minimum daily balance in your account. You’re also allowed up to six certain withdrawals a month thanks to Regulation D. You could be paying a $15 excessive transaction fee for each withdrawal one go over.

How to get Synovus Bank’s Premium Money Market account

To open the Premium Money Market account, go to a Synovus Bank location. You may be asked to provide your Social Security card and state-issued ID, so it’s best to be prepared.

Synovus Bank’s IRA CD accounts are essentially the same as the regular CDs, except they’re either tax-sheltered or deferred. You may also be limited to how much you can contribute per year because of IRS regulations.

You can choose from a wide range of terms, though to find out the exact rates you’ll need to contact Synovus Bank. As for the interest, it’s compounded daily and credited either to your account annually or at maturity. The IRA CD will automatically renew unless you make changes during the 10-day grace period. This can include making withdrawals or additional deposits or renewing it for another term.

How to get Synovus Bank’s IRA CDs

You can open an account by going to a Synovus Bank location. It’s best to call customer service at 888-796-6887 to make sure, but you’ll most likely need to provide your Social Security number and a state-issued ID.

Access Checking may be a basic checking account, but the fee structure is high and a bit complicated. For an account that doesn’t have extensive features or pay interest, the monthly maintenance fee is astoundingly high.

Access Checking includes standard features such as ATM access, free online access and bill pay, and it even throws in additional perks such as a rate discount on a home equity line and a free savings account. However, if you agree to both eStatements and the suppression of paper statements, you only get a $2 discount on the high monthly fee. With many other banks, eStatements are enough to waive the fee altogether.

To drop the Access Checking fee to $0, you must meet one of the following qualifications: keep a minimum daily balance of $1,000.00; have a direct deposit; be a full-time college student; be a business owner with a Comerica business checking account; be a member of the U.S. military; or be a Comerica Platinum Circle Checking household.

This account also has a high overdraft fee that increases with the number of occurrences.

The high-priced and convoluted fee structure found in Comerica Bank’s Access Checking account continues with the bank’s interest-bearing Rich Rewards Checking Account. With this account, the monthly fee is even higher, and the hurdles to get the fee waived are commensurately higher as well. The increasing overdraft fee structure is also in place with this checking account.

Although Rich Rewards Checking pays interest, the rate is extremely low. The account does come with additional service enhancements, however, including the following:

• A waiver of the first-year, $65 annual fee on a home equity line, along with a 0.25% APY discount
• A 0.50% APY discount on a home equity loan
• A 0.50% APY discount on non-real estate installment loans
• Enhanced interest rates on new-money CD and IRA deposits
• Up to $50 off the cost of a safety deposit box rental, with an additional $5 discount with autopay

As with Access Checking, Rich Rewards Checking comes with a free savings account as well.

Premier Checking offers the same benefits as the bank’s Rich Rewards Checking account, with a few enhancements. Notably, Premier Checking offers another rate bump on CDs with maturities of one year or longer, along with free Comerica Advantage-style checks and a waiver of overdraft protection transfer fees. While the account has a small minimum opening deposit, the fee is another step higher than that on the Rich Rewards Checking account, and it can only be waived with large balances in this or other Comerica Bank accounts. The interest rate is not tiered and is noncompetitive as well.

Comerica Bank’s Platinum Circle Checking account is the queen bee when it comes to accounts at the bank. Unlike many banks, there’s actually no monthly maintenance fee for this top-level account; however, if you can’t maintain the significant required balances in the account, your account may be converted to a Rich Rewards Checking account, thereby disqualifying you from all of the benefits of the Platinum Circle account.

One of the main benefits of this account is that it qualifies account holders for higher interest rates on CDs and in the High-Yield Money Market Investment account. Other features, on top of those offered by the other checking accounts at the bank, include the following:

• A Statement Savings account and a High-Yield Money Market Investment account for no monthly fee
• Waived overdraft protection transfer fees
• Free Comerica Bank checks of any style
• A free checking account for a household member
• A dedicated customer service number
• Discounts on certain residential mortgage closing costs
• Professional investment, insurance and banking services

This account also pays the best checking account interest rates at the bank, although they still remain low.

How to get Comerica Bank’s checking accounts

As mentioned above, only the Access Checking account can be opened online. Other account types can only be opened at a Comerica Bank branch.

Statement Savings is a basic savings account, with features you’d expect from most entry-level accounts. A Comerica Bank ATM card gives you 24-hour access to Comerica ATMs, although you’ll pay a fee for non-network machines. The high overdraft fees of the bank’s checking accounts apply to the savings account as well. After six debit transactions per month, Comerica Bank will charge a $5 fee per additional transaction.

As with any HSA, Comerica Bank’s Health Savings account can only be opened by individuals with a HSA-qualified, high-deductible health plan, or via rollover from another HSA. Per IRS rules, contributions may be tax-deductible, and distributions can be tax-free when used for qualifying medical expenses. Unlike come corporate-sponsored health plans, there is no “use-it-or-lose-it” provision with an HSA; balances can be maintained regardless of the change in calendar.

How to get Comerica Bank’s savings accounts

The Statement Savings account can be opened online using the application on the bank’s website. To open a Health Savings account, you’ll have to contact the bank directly.

Fixed-Rate CDs at Comerica Bank have a complicated payment structure. Each maturity is broken down into eight payment tiers, between $1 and $500,000, although each tier currently pays the same APY for each maturity.

If you have a Rich Rewards Checking account, you’ll earn more on maturities of longer than one year; rates increase even more if you have a Premier Checking account. Customers with a Platinum Circle Checking account earn the highest rates of all.

The bank offers a wide range of maturities, from seven days to 10 years. Interest is generally paid or compounded monthly, except for terms of seven to 29 days, where interest is paid at maturity. Maturing CDs automatically renew for the same term at the then-current rate. The grace period to withdraw funds after maturity is three days, for maturities of less than 30 days, and 10 days for longer maturities.

Comerica Bank’s Flexible-Rate CDs come in a single maturity of one year. Rates are tiered, but the APY paid doesn’t vary much between tiers — and it’s extremely low across the board. The main advantage of this CD is the ability to add money to it at any time, in increments of $100 or more, and its flexible withdrawal structure.

Unlike most regular CDs, the Flexible-Rate CD allows you to take a one-time withdrawal of up to 50% of your account balance without penalty, as long as the withdrawal comes after seven days of opening the account or making an additional deposit.

As with the bank’s regular CDs, Flexible-Rate CDs automatically renew, but there’s a 10-day grace period during which you can withdraw your maturing funds.

How to get Comerica Bank’s CDs

You can open a Fixed-Rate CD using the bank’s online application, but for a Flexible-Rate CD, you must contact the bank directly.

Comerica Bank’s entry-level money market account offers ATM access and a check-writing option, although checks and certain other debits are limited to six per month. There’s a $5 fee per withdrawal after six transactions per month.

The minimum opening deposit is quite small for a money market account. But to avoid the high monthly fee, customers need to increase their minimum deposit to a more traditional level. The fee can also be avoided through various checking account relationships with the bank, such as having a Comerica Platinum Circle Checking account. Overdraft fees are quite high, although they can be reduced a bit with overdraft protection.

Comerica Bank’s High-Yield Money Market Investment account is really designed for customers that also have a Platinum Circle Checking account. This entitles account holders to much higher yields on their balances. However, this account also has a much higher monthly fee than the regular money market account, and it requires a much larger maintaining balance to eliminate the monthly fee. As with the regular money market account, Comerica Bank assesses a $5 fee per withdrawal from this account, after six debits that are allowed per month.

How to get Comerica Bank’s money market account

You can get Comerica Bank’s regular money market account via the online application. For the High-Yield Investment Money Market account, you’ll need to contact a branch.

Even the IRA Fixed-Rate CDs have a complicated payment structure at Comerica Bank. Currently, rates are the same in each of the eight payment tiers that are available for each maturity. Rates improve on the 1 year or longer CDs if you have a Rich Rewards Checking account, then bump up again if you have a Premier Checking account. Customers with the top-tier Platinum Circle Checking account earn the highest rates of all.

Maturities span a wide range, from seven days to 10 years. Interest is generally paid or compounded monthly, except for terms of seven to 29 days, where interest is paid at maturity. Maturing CDs automatically renew for the same term at the then-current rate. The grace period to withdraw funds after maturity is three days for maturities of less than 30 days, and 10 days for longer maturities.

Comerica Bank’s Flexible-Rate IRA CDs are only available in a one-year maturity. Although the APY you can earn increases slightly across the eight tiers, from $1 to $500,000, rates are very low across the board. You can add money to this IRA CD at any time, in increments of $100 or more. The highlighted feature of the Flexible-Rate IRA CD is the ability to withdraw up to 50% of your IRA CD balance without penalty, as long as the withdrawal comes after seven days of opening the IRA CD or making an additional deposit. Bear in mind that the money can come out of the IRA CD product but must remain within the IRA account as a whole to avoid additional taxes and possible IRS penalties. Flexible-Rate IRA CDs automatically renew, but there’s a 10-day grace period during which you can withdraw your maturing funds.

How to get Comerica Bank’s IRA accounts

IRA accounts cannot be opened online at Comerica Bank. You must visit contact the bank directly.

Sharonview Federal Credit Union’s Free Anywhere Checking account doesn’t have an opening deposit requirement. You can set this up with a deposit of any amount, or even without adding money at first. This account also does not have a minimum balance requirement or monthly maintenance fee.

But the Free Anywhere Checking account does not earn interest. If you spend on the account’s debit card, you’ll earn reward points that can be used for all kinds of rewards such as travel, merchandise, cash and discounts on loans at Sharonview Federal Credit Union.

If you use an out-of-network ATM, Sharonview Federal Credit Union does not charge a fee. It will also refund up to $10 a month in fees charged by other ATM owners. To qualify for the refund, you must be enrolled in online and mobile banking. Each month, you also need to make at least one purchase on the debit card and have one direct deposit come into your account. The refund only applies to withdrawals in the U.S. International transactions do not qualify.

Before you can open the Free Anywhere Checking account, you must join Sharonview Federal Credit Union. You can apply online or by visiting one of its branches.

The membership application will ask for your personal information, Social Security number and your driver’s license or other state ID. You also need to open a Regular Share account with a $5 deposit. Every credit union member needs this account.

You can apply for Sharonview Federal Credit Union’s Free Anywhere Checking account at the same time using this information. You can add money at this point, but you don’t have to since there’s no initial deposit requirement.

When you apply to join Sharonview Federal Credit Union, you need to open one of its Regular Share accounts to complete the process. This account requires an opening deposit of $5.

This account does not charge a monthly maintenance fee, so there’s never a cost for keeping your account open. The Regular Share account pays interest on all balances, but the rate is low. It always stays the same and does not increase when you deposit more.

Since this is a savings account, there’s a limit to how often you can take out money because of federal Regulation D. Each month, you are allowed to make up to six transactions such as debit purchases, transfers to other accounts, wires and automatic withdrawals. If you make more than six, Sharonview Federal Credit Union charges a $20 fee for each transaction. This rule doesn’t apply to ATM or in-person withdrawals, so you can make as many of these as you want without a fee.

If you have a specific savings goal in mind, you can set up a separate account called a Special Share. There’s no minimum deposit to open this side account, and it earns the same interest rate as Regular Share.

Before you can open the Regular Share savings account, you must join Sharonview Federal Credit Union. You can apply online or by visiting one of its branches.

The membership application will ask for your personal information, Social Security number and your driver’s license or other state ID. You will also need to make your $5 minimum deposit. At this point, you could open other Sharonview Federal Credit Union deposit accounts.

Sharonview Federal Credit Union also offers a Holiday Share savings account. It’s nearly identical to the Regular Share account. There’s no monthly fee and it earns the same interest rate. This account also does not have a minimum opening deposit requirement, so you can set things up for any amount.

The main difference with this account is it’s designed to motivate you to save for the holidays. You are only supposed to make withdrawals during the holiday season from Oct. 15 to Jan. 31. If you make a withdrawal outside this period, Sharonview Federal Credit Union charges a $5 penalty for each transaction.

Since this is a savings account, there’s a limit to how often you can take out money because of federal Regulation D. Each month, you are allowed to make up to six transactions such as debit purchases, transfers to other accounts, wires and automatic withdrawals. If you make more than six, Sharonview Federal Credit Union charges a $20 fee for each transaction. This rule doesn’t apply to ATM or in-person withdrawals, so you can make as many of these as you want without owing the bank fee.

Before you can open the Holiday Share savings account, you must join Sharonview Federal Credit Union. You can apply online or by visiting one of its branches.

The membership application will ask for your personal information, Social Security number and your driver’s license or other state ID. You also need to open a Regular Share account with a $5 deposit. Every Sharonview Federal Credit Union member needs this account.

You can apply for Sharonview Federal Credit Union’s Holiday Share account at the same time using this information. You can add money at this point, but you don’t have to since there’s no initial deposit requirement.

Sharonview Federal Credit Union offers eight types of Share Certificates, which range from seven months to 84 months (seven years). You must deposit $500 to open a Share Certificate and keep at least this much in your account to earn the APY.

Sharonview Federal Credit Union’s short-term rates are average, but it pays more generous amounts for longer terms, especially once you get to 60 months or longer.

If you take any of your deposit out of the Share Certificate before the maturity date, Sharonview Federal Credit Union will charge an early withdrawal penalty. The penalty depends on your Share Certificate’s term:

• For terms of less than 12 months, the penalty is 90 days’ interest on the amount withdrawn
• For terms of 12 months to less than 72 months, the penalty is 180 days’ interest on the amount withdrawn
• For terms of 72 months and higher, the penalty is one year of interest on the amount withdrawn

Before you can open a Share Certificate, you must join Sharonview Federal Credit Union. You can apply online or by visiting one of its branches. The membership application will ask for your personal information, Social Security number and your driver’s license or other state ID. You also need to open a Regular Share account with a $5 deposit. Every Sharonview Federal Credit Union member needs this account.

Once you’re a member, you can set up a Share Certificate. These accounts cannot be opened online. You can apply at a branch or by mailing in the new account forms to the credit union. You can make your initial deposit by transferring money from another Sharonview Federal Credit Union account or by sending in a check.

Sharonview Federal Credit Union’s Money Market account does not have a minimum opening deposit requirement. You can open one up for any amount — you can even start an account without making a deposit.

After you open, this account does not charge a monthly fee, regardless of your balance. If your balance stays above $500, you earn a rate that is above average.

Since this is a money market account, there’s a limit to how often you can take out money because of federal Regulation D. Each month, you are allowed to make up to six certain transactions to take money out of your account. This includes debit purchases, transfers to other accounts, wires and automatic withdrawals. If you make more than six, Sharonview Federal Credit Union charges a $20 fee for each transaction.

Before you can open a Money Market account, you must join Sharonview Federal Credit Union. You can apply online or by visiting one of its branches.

The membership application will ask for your personal information, Social Security number and your driver’s license or other state ID. You also need to open a Regular Share account with a $5 deposit. Every Sharonview Federal Credit Union member needs this account.

You can apply for the Money Market account at the same time using this information. You can add money at this point, but you don’t have to since there’s no initial deposit requirement.

If you plan on keeping a balance of $5,000, Sharonview Federal Credit Union offers an Investor Money Market account with a higher rate. This account is only available after you open a Sharonview Financial Services investment account and develop a relationship with one of its advisers. The adviser needs to refer you to this account and will set your opening deposit.

To qualify for the money market rate, you must have a balance of $5,000 or more. If your balance falls below $5,000, you earn the Regular Share rate instead. This account does not charge a monthly fee, even if you fall below the balance requirement.

Since this is a money market account, there’s a limit to how often you can take out money because of Regulation D. Each month, you are allowed to make up to six certain transactions to take money out of your account. This includes debit purchases, transfers to other accounts, wires and automatic withdrawals. If you make more than six, Sharonview Federal Credit Union charges a $20 fee for each transaction.

Before you can open an Investor Money Market account, you must join Sharonview Federal Credit Union. You can apply online or by visiting one of its branches.

The membership application will ask for your personal information, Social Security number and your driver’s license or other state ID. You also need to open a Regular Share account with a $5 deposit. Every credit union member needs this account.

You also need to have an investment account with Sharonview Financial Services before you can open the Investor Money Market account. After you meet these requirements, you can apply at a branch by meeting with your investment adviser. This account is not available online.

You can open any of Sharonview Federal Credit Union’s Share Certificates as part of an IRA. It offers terms that range from seven months up to 84 months (seven years).

You must deposit $500 to open Sharonview Federal Credit Union’s IRA Certificate and keep this much in your account to earn the APY. The credit union’s IRA CD rates are just OK for its short-term options, but they are very competitive for terms of 60 months or longer.

If you take any of your deposit out of the IRA Certificate before the maturity date, Sharonview Federal Credit Union will charge an early withdrawal penalty. The penalty depends on your IRA Certificate’s term:

• For terms of less than 12 months, the penalty is 90 days’ interest on the amount withdrawn
• For terms of 12 months to less than 72 months, the penalty is 180 days’ interest on the amount withdrawn
• For terms of 72 months and higher, the penalty is one year of interest on the amount withdrawn

Before you can open an IRA Certificate, you must join Sharonview Federal Credit Union. You can apply online or by visiting one of its branches. The membership application will ask for your personal information, Social Security number and your driver’s license or other state ID. You also need to open a Regular Share account with a $5 deposit. Every credit union member needs this account.

Once you’re a member, you can set up an IRA Certificate. You can open these accounts online or by visiting a Sharonview Federal Credit Union branch. You will need to make your deposit of $500 along with your application.

Sharonview Federal Credit Union also offers an IRA Savings account to go along with its IRA Certificates. With an IRA Savings account, there isn’t a set timeline for depositing your money. You can take funds out without owing Sharonview Federal Credit Union an early withdrawal penalty.

In exchange, these accounts pay less interest than IRA CDs. But Sharonview Federal Credit Union pays an excellent rate for this type of IRA account.

Sharonview Federal Credit Union’s IRA Savings account does not have a minimum opening deposit requirement. You can start one with any amount. But if your balance is below $500, you only earn the lower savings account rate. To earn the higher rate, your balance must stay above $500, but there’s no fee if you fall below.

Before you can open an IRA Savings account, you must join Sharonview Federal Credit Union. You can apply online or by visiting one of its branches. The membership application will ask for your personal information, Social Security number and your driver’s license or other state ID. You also need to open a Regular Share account with a $5 deposit. Every credit union member needs this account.

Once you’re a member, you can set up an IRA Savings account. You can open these accounts online or by visiting a Sharonview Federal Credit Union bank branch.