JSC Federal Credit Union Review: Checking, Savings, CD, Money Market and IRA Accounts

Editorial Note: The content of this article is based on the author’s opinions and recommendations alone. It may not have been previewed, commissioned or otherwise endorsed by any of our network partners.

Updated on Tuesday, September 1, 2020

JSC Federal Credit Union’s checking account options

Express Checking

This unusual basic checking account offers a small amount of interest for no monthly fee.
APYMinimum Balance to Earn APY
0.05%
$750
0.05%
$25,000
  • Minimum opening deposit: $25
  • Monthly account maintenance fee: None
  • ATM fee: $0.25 per balance inquiry and $0.50 per cash withdrawal at an out-of-network ATM, plus whatever ATM surcharge fee the ATM’s owner charges.
  • ATM fee refund: Your first four out-of-network ATM withdrawals are free, but you will still have to pay for any ATM surcharge fees from the ATM’s owner.
  • Overdraft fee: $26 per item. If you set up automatic overdraft transfers, it’ll cost you $2 per transfer.

If you want to get a checking account at JSC Federal Credit Union, it’ll probably be this one. The good news is that this is a decent account, considering it’s the credit union’s go-to account.

For starters, the account does pay interest, as long as you’ve got at least $750 in the account. Most banks and credit unions charge a monthly fee for interest-bearing accounts, but JSC Federal Credit Union does not. There’s no monthly fee at all, even if you don’t meet the $750 threshold to earn interest.

One thing to note with this account is that Bill Pay isn’t included for free like with many checking accounts. In fact, this holds true with all of JSC Federal Credit Union’s checking accounts. Instead, if you want to use this service, you’ll have to pay a $2 monthly fee to receive up to 20 bill payments/month. If for some reason you need more than that, there’ll be a $0.30/month fee for each bill payment thereafter. You can get around this by simply setting up autopay with each business you owe directly.

SEE DETAILS Secured

on JSC Federal Credit Union’s secure website

NCUA Insured

Express Youth Checking

This checking account for children aged 14-17 offers access to special credit-building and car-buying products.
  • Minimum opening deposit: $10
  • Monthly account maintenance fee: None
  • ATM fee: $0.25 per balance inquiry and $0.50 per cash withdrawal at an out-of-network ATM, plus whatever ATM surcharge fee the ATM’s owner charges.
  • ATM fee refund: Your first four out-of-network ATM withdrawals are free, but you will still have to pay for any ATM surcharge fees from the ATM’s owner.
  • Overdraft fee: $26 per item. If you set up automatic overdraft transfers, it’ll cost you $2 per transfer.

JSC Federal Credit Union’s Express Youth Checking account doesn’t offer interest, but it offers a few other things that may be useful to teens in its place.

Teens get access to special products to help build up their credit score — these include loans that use your savings account or CD balance as collateral or cash lines of credit. They can also use the credit union’s first-time car buying program that offers special terms on car loans for young people just starting out. For example, if teens have six months’ worth of loan payments saved up, they won’t need a cosigner.

SEE DETAILS Secured

on JSC Federal Credit Union’s secure website

Horizon Express Checking

This senior checking account offers a few small perks.
APYMinimum Balance to Earn APY
0.05%
$750
0.05%
$25,000
  • Minimum opening deposit: $25
  • Monthly account maintenance fee: None
  • ATM fee: $0.25 per balance inquiry and $0.50 per cash withdrawal at an out-of-network ATM, plus whatever ATM surcharge fee the ATM’s owner charges.
  • ATM fee refund: None for either in-network or out-of-network ATMs. However, you’ll still be responsible for paying any ATM surcharge fees.
  • Overdraft fee: $26 per item. If you set up automatic overdraft transfers, it’ll cost you $2 per transfer.

If you’re a senior over age 55, you are eligible to open this account. It’s very similar to the regular Express Checking account, in that it offers a small amount of interest payments, and to get those interest payments, you’ll need to keep at least $750 in the account.

However, there are a three small differences that sweeten the deal a bit with this account. If you need money orders made, there’ll be no charge for up to three per month. You’ll get two free boxes of checks per year. Finally, there is no JSC Federal Credit Union charge for using out-of-network ATMs (although if that ATM charges a surcharge fee, you’ll have to pay that on your own) — other than that, it’s basically the same thing as the regular Express Checking account.

SEE DETAILS Secured

on JSC Federal Credit Union’s secure website

NCUA Insured

The Right Path Checking

This is a second-chance checking account designed for people who’ve been denied regular checking accounts in the past.
  • Minimum opening deposit: $25
  • Monthly account maintenance fee: $5
  • ATM fee: $0.25 per balance inquiry and $0.50 per cash withdrawal at an out-of-network ATM, plus whatever ATM surcharge fee the ATM’s owner charges.
  • ATM fee refund: Your first four out-of-network ATM withdrawals are free, but you will still have to pay for any ATM surcharge fees from the ATM’s owner.
  • Overdraft fee: $26 per item. If you set up automatic overdraft transfers, it’ll cost you $2 per transfer.

If you’ve had problems managing your checking account in the past, like racking up too much in overdraft fees, it can often be hard to be approved for a new checking account. If that’s your situation, then JSC Federal Credit Union offers this second-chance checking account.

There are several limitations with this account. If you want a debit/ATM card, you’ll need a signed form from your employer stating that you will be setting up your paychecks to be direct-deposited into the account. You also won’t be able to use the credit union’s shared branch location network to conduct your business (most customers are able to use a partner credit union’s branches, in addition to JSC Federal Credit Union branches). Finally, this account does offer interest, but these rates are not published online, so you’ll need to contact the credit union directly to get this information.

There’s also a $5 monthly fee that comes with this account, and there’s no way to get the fee waived. Most banks charge a lot more than that for these kinds of second-chance checking accounts, but even so, $5 is not something you want to be paying every month indefinitely. That’s why we suggest using this account only as a last-ditch effort to build up your checking account chops, and then switching to a better, fee-free checking account as soon as you’re able.

How to get JSC Federal Credit Union’s Checking accounts

If you’re interested in applying for a checking account, you’ll need to first make sure you meet the membership eligibility criteria for JSC Federal Credit Union. If you do meet it, you can apply for this account online or at a local branch. You’ll need to have available a government-issued photo I.D., proof of citizenship and a Social Security number — if you’re applying for the Express Youth Checking account, you’ll also need the latter for the youth in question — as well as information to transfer funding from an external account. The credit union does require you to establish your membership by depositing at least $5 in a savings account, which you can do at the same time that you open this account.

SEE DETAILS Secured

on JSC Federal Credit Union’s secure website

magnifying glass

How JSC Federal Credit Union’s checking accounts compare

Compared to most banks and credit unions, JSC Federal Credit Union’s checking accounts aren’t that bad. The credit union charges very small out-of-network ATM fees, and even waives these fees for the first few out-of-network ATM withdrawals per month. Most of these checking accounts also offer interest payments for no monthly fee, which is nice.

Still, the interest rates that the credit union offers are pretty low — it’s possible to find much higher interest rates with low (or no) fees at other banks and credit unions. We’ve put together a list of the best online checking accounts, which you can use to find these accounts.

JSC Federal Credit Union’s savings account options

Classic Savings

This account establishes your membership at JSC Federal Credit Union.
APYMinimum Balance to Earn APY
0.10%
$5
0.10%
$25,000
  • Minimum opening deposit: $5
  • Minimum balance to earn APY: $5
  • Monthly account maintenance fee: None
  • ATM fee: $0.25 per balance inquiry and $0.50 per cash withdrawal at an out-of-network ATM, plus whatever ATM surcharge fee the ATM’s owner charges.
  • ATM fee refund: Your first four out-of-network ATM withdrawals are free, but you will still have to pay for any ATM surcharge fees from the ATM’s owner.
  • Overdraft fee: $26 per item. If you set up automatic overdraft transfers, it’ll cost you $2 per transfer.

If you’re interested in opening any accounts at JSC Federal Credit Union, there’s a hoop you have to jump through first: opening up this Classic Savings account, and depositing at least $5 in it. That buys you a share in the credit union so you can access all of its other features and accounts.

This savings account works a bit differently: You’ll only be paid out interest every quarter, rather than every month. You can also only make two in-person or ATM withdrawals per month, with a total of six monthly withdrawals when you take all withdrawal methods into account (such as online withdrawals or telephone transactions). If you need to make more withdrawals than that, you’ll have to pay a $1 penalty fee with each withdrawal.

SEE DETAILS Secured

on JSC Federal Credit Union’s secure website

NCUA Insured

Christmas Saving

This account offers the same interest rate but helps you save for the holidays
APYMinimum Balance to Earn APY
0.10%
$5
0.10%
$25,000
  • Minimum opening deposit: $5
  • Minimum balance to earn APY: $5
  • Monthly account maintenance fee: None
  • ATM fee: $0.25 per balance inquiry and $0.50 per cash withdrawal at an out-of-network ATM, plus whatever ATM surcharge fee the ATM’s owner charges.
  • ATM fee refund: Your first four out-of-network ATM withdrawals are free, but you will still have to pay for any ATM surcharge fees from the ATM’s owner.
  • Overdraft fee: $26 per item. If you set up automatic overdraft transfers, it’ll cost you $2 per transfer.

If you find yourself going into debt over the holidays, a Christmas Savings account can help. You can earn slightly higher interest rates by keeping more than $25,000 in the account, but that might be difficult to achieve if you’re just saving for Christmas (but if so, that’d be a very merry Christmas indeed).

Unlike many other Christmas savings accounts, you can actually withdraw your money at any time from this account without penalty. It’s also up to you to make sure you actually use the account, as there are no deposit requirements.

SEE DETAILS Secured

on JSC Federal Credit Union’s secure website

NCUA Insured

Right Path Savings

If you’ve had trouble being approved for a savings account, JSC Federal Credit Union may offer you this one instead.
APYMinimum Balance to Earn APY
0.10%
$5
0.10%
$25,000
  • Minimum opening deposit: $5
  • Minimum balance to earn APY: $5
  • Monthly account maintenance fee: $10
  • ATM fee: $0.25 per balance inquiry and $0.50 per cash withdrawal at an out-of-network ATM, plus whatever ATM surcharge fee the ATM’s owner charges.
  • ATM fee refund: Your first four out-of-network ATM withdrawals are free, but you will still have to pay for any ATM surcharge fees from the ATM’s owner.
  • Overdraft fee: $26 per item. If you set up automatic overdraft transfers, it’ll cost you $2 per transfer.

It’s somewhat common for banks and credit unions to offer a second-chance checking account, but what if you need a savings account as well? Most banks and credit unions won’t be able to help you out in that case, but JSC Federal Credit Union may, with this account.

Still, it’s not a pretty account. It comes with a $10 monthly fee (yep, you read that right — it’ll cost you $10 per month to save), and there’s no way to get the fee waived. And it’s unlikely that you’ll be able to make up that $10 per month in interest gains, given the poor rate offered on this account. Even then, interest on this account is paid out quarterly, not monthly.

Federal Regulation D limits savings accounts to just six certain withdrawals per month without penalty imposed by the credit union. The credit union has taken that a step further, however, and limited ATM and in-person withdrawals to just two per month. If you need to make more withdrawals than that, you’ll have to pay $1 per withdrawal.

SEE DETAILS Secured

on JSC Federal Credit Union’s secure website

Claim Your Youth Teen Savings

This account doesn’t really offer much more than the regular savings account.
APYMinimum Balance to Earn APY
0.10%
$5
0.10%
$25,000
  • Minimum opening deposit: $5
  • Minimum balance to earn APY: $5
  • Monthly account maintenance fee: None
  • ATM fee: $0.25 per balance inquiry and $0.50 per cash withdrawal at an out-of-network ATM, plus whatever ATM surcharge fee the ATM’s owner charges.
  • ATM fee refund: Your first four out-of-network ATM withdrawals are free, but you will still have to pay for any ATM surcharge fees from the ATM’s owner.
  • Overdraft fee: $26 per item. If you set up automatic overdraft transfers, it’ll cost you $2 per transfer.

This account is available to teenagers between 13-17 years of age — it’s basically the same thing as the regular Classic Savings account for adults, just with a few tweaks.

For starters, this account comes with a “bimonthly/quarterly educational newsletter” and “access to exclusive contests and events,” although the credit union doesn’t specify what exactly those are. It could be fun, or it could be lame — who knows? Secondly, this account has some limitations on ATM use. Teenagers who are 13 years old are not eligible for ATM cards, and can only get them after they turn 14.

Your teen is allowed two ATM or in-person withdrawals per month. They can make six total withdrawals using other methods, and the fee for going over these limits is $1 per each additional withdrawal.

SEE DETAILS Secured

on JSC Federal Credit Union’s secure website

STAR Team Savings

This kids’ savings account offers better benefits than the teen savings account.
APYMinimum Balance to Earn APY
0.10%
$5
0.10%
$25,000
  • Minimum opening deposit: $5
  • Minimum balance to earn APY: $5
  • Monthly account maintenance fee: None
  • Overdraft fee: $26 per item. If you set up automatic overdraft transfers, it’ll cost you $2 per transfer.

Teaching kids and teens how to save can be challenging, but at least this kids’ savings account offers some better perks than JSC Federal Credit Union’s teen savings account.

That’s because your child will get a “Galaxy Goal Chart” to keep track of their savings progress. Every time they deposit at least $25 in the account, they’ll get a stamp in their book. If they collect 10 stamps (i.e., deposit at least $250), they’ll get an extra $5 bonus added to their account. Keep in mind that this means you’ll need to take your kid to the branch location periodically to make their deposits, since the bank tellers have to physically stamp their goal chart. Aside from that, kids with this account are also eligible for a bi-monthly educational newsletter and in-person contests and events.

JSC Federal Credit Union only allows your child to make two in-person or ATM withdrawals per month. Federal Regulation D limits other types of withdrawals to six per month. If you go over these withdrawal limits, you’ll have to pay $1 per withdrawal. Your child also isn’t eligible for an ATM card with this account; they’ll get that when they’ve reached age 14 and are eligible for a Claim Your Youth Teen Savings account.

How to get JSC Federal Credit Union’s Savings accounts

To open a savings account, you’ll need to head to a branch location or online. You’ll need to provide the credit union with a few details, such as your name, address, and Social Security number. You’ll also need a way to fund your new account, such as with cash. If you’re applying for a children’s savings account, you’ll need to agree to be listed as a joint owner on the account.

SEE DETAILS Secured

on JSC Federal Credit Union’s secure website

magnifying glass

How JSC Federal Credit Union’s savings accounts compare

JSC Federal Credit Union doesn’t offer the worst rates on its savings accounts. But if you’re looking to earn the highest rate, you can do a lot better than this credit union. If you’re willing to head online for your banking needs, you can actually find savings account rates that are almost 10 times higher than what JSC Federal Credit Union offers.

We do like that the credit union offers a wide range of savings account types, even if the rates they offer aren’t that great. This will help people find just the right account for them.

JSC Federal Credit Union’s CD rates

Share Certificate

JSC Federal Credit Union offers a smaller-than-normal amount of options, but the rates aren’t terrible.
TermRegular certificates (balances up to $49,999.99)Mini-jumbo certificates (balances between $50,000-$99,999.99)Jumbo certificates (balances over $100,000)
3 months0.30%
0.30%
0.30%
6 months0.50%
0.50%
0.50%
12 months0.65%
0.65%
0.75%
18 months0.70%
0.70%
0.85%
24 months0.75%
0.75%
0.95%
36 months0.80%
0.80%
0.90%
48 months0.90%
0.90%
1.00%
  • Minimum opening deposit: $500 for regular certificates, $50,000 for mini-jumbo certificates, and $100,000 for jumbo certificates.
  • Minimum balance amount to earn APY: $500 for regular certificates, $50,000 for mini-jumbo certificates, and $100,000 for jumbo certificates.
  • Early withdrawal penalty: This depends on your CD’s term length:
    • For CDs 12 months and under, you’ll pay 90 days’ worth of interest
    • For CDs over 12 months, you’ll pay 180 days’ worth of interest.

JSC Federal Credit Union doesn’t offer a wide range of CDs to choose from. Most banks and credit unions offer CDs all the way out to 60-month terms; this credit union only offers 48 month CDs as the longest option.

When these CDs mature, they will automatically renew for the same term length. Make sure you keep track of this date carefully, because you’ll only get a five-day grace period to withdraw the money if you wish. Once it’s past that window, the CD will be locked in again for another term. This is a shorter window than many other banks and credit unions; often, CDs will come with a longer seven-day or 10-day grace period.

It’s also important to note that you can’t make any withdrawals at all — even including interest — from these CDs without paying a penalty. All money you initially put in, and all money you earn on the CD, has to stay in the account until it’s matured unless you want to pay the early withdrawal penalty.

SEE DETAILS Secured

on JSC Federal Credit Union’s secure website

NCUA Insured

12-Month EZ Start Certificate

This CD makes it easier for people with smaller bank accounts to get started with CDs.
TermAPY
12 months0.65%
  • Minimum opening deposit: $100
  • Minimum balance amount to earn APY: $100
  • Early withdrawal penalty: 90 days’ worth of interest

If you don’t quite have the $500 minimum needed to get started with one of JSC Federal Credit Union’s regular Share Certificates, but you still really want to earn the sweet, sweet interest rate offered on CDs, consider one of these accounts instead. You’ll need a much smaller deposit to get started with these CDs — just $100.

Even better, you don’t really sacrifice much by opting for one of these CDs over the regular Share Certificates. Sometimes banks and credit unions lower the interest rate for these smaller accounts, but you’ll still earn the same interest rate as the normal CDs (as of the writing of this review, at least).

Aside from the lower minimum deposit requirement, this CD works exactly like the normal CDs. Your EZ Start Certificate will automatically renew every 12 months, and you’ll get a short five-day grace period to withdraw the money after each renewal.

How to get JSC Federal Credit Union’s CDs

You can open one of JSC Federal Credit Union’s Certificates by applying online or at a local branch. If you’re not yet a member of the credit union, you’ll first need to apply for membership and submit a deposit for $5 to open up a savings account. If you’ll be making these opening deposit by ACH transfer, remember to bring your current account’s routing information.

SEE DETAILS Secured

on JSC Federal Credit Union’s secure website

NCUA Insured

magnifying glass

How JSC Federal Credit Union’s CD rates compare

You can take comfort that you won’t be earning the lowest interest rates on CDs out there if you choose to open one of JSC Federal Credit Union’s accounts. They’re not bad rates, but we also have to state that they’re not super great either.

You can earn much higher interest rates on your CDs by choosing one of these top CDs instead. It’s a good idea to try and find the highest CD rates right from the get-go, since once you put the money in, you won’t be able to move it around later if you do find higher interest rates (at least until the CD matures, that is).

JSC Federal Credit Union’s money market account option

Money Market Checking

Don’t be fooled by the name — this is still your standard money market account.
APYMinimum Balance to Earn APY
0.30%
$1,000
0.35%
$25,000
0.40%
$50,000
  • Minimum opening deposit: $1,000
  • Minimum balance to earn APY: $1,000
  • Monthly account maintenance fee: None
  • ATM fee: $0.25 per balance inquiry and $0.50 per cash withdrawal at an out-of-network ATM, plus whatever ATM surcharge fee the ATM’s owner charges.
  • ATM fee refund: Your first four out-of-network ATM withdrawals are free, but you will still have to pay for any ATM surcharge fees from the ATM’s owner.
  • Overdraft fee: $26 per item. If you set up automatic overdraft transfers, it’ll cost you $2 per transfer.

If you’re not quite satisfied with the rates JSC Federal Credit Union offers on its other accounts and you want to earn a bit more, consider opening this money market account instead. You’ll need $1,000 to get started, but unlike the money market accounts at other banks and credit unions, there’s no fee for dropping your balance below this level after you open your account — in fact, there’s no monthly fee at all with this account.

This account does come with checks, but there are withdrawal limitations with this account. Federal law limits savings and money market accounts to just six withdrawals in a month without a penalty; however, JSC Federal Credit Union has taken that a step further. You can only make two ATM or in-person withdrawals per month from your money market account. The fee for exceeding these limits is $1 per withdrawal.

How to get JSC Federal Credit Union’s Money Market Checking account

Even though you may want this money market checking account, you’ll have to deposit at least $5 in a regular savings account first in order to establish your membership with JSC Federal Credit Union. You can apply for both accounts at the same time, and you can do so online or in person at a branch location.

SEE DETAILS Secured

on JSC Federal Credit Union’s secure website

NCUA Insured

magnifying glass

How JSC Federal Credit Union’s money market account compares

Again, JSC Federal Credit Union doesn’t offer the top rates in its class, but they’re also not the worst rates either. The rates are a bit in-between.

There are a few things to like with this account, however. There’s no monthly fee, ever, with this account, which is an unusual and welcome feature. You can still earn a small amount of interest if your balance dips below $1,000, which is nice if you need to withdraw the money to pay for a large purchase.

But, we still recommend these money market accounts instead because they do offer better interest rates on their accounts. In the banking game, finding the best interest rates will always ensure that your wallet is the winner.

JSC Federal Credit Union’s IRA account options

IRA CD rates

You can open any of JSC Federal Credit Union’s regular CDs as IRA CDs too.
TermRegular certificates (balances up to $49,999.99)Mini-jumbo certificates (balances between $50,000-$99,999.99)Jumbo certificates (balances over $100,000)
3 months0.30%
0.30%
0.30%
6 months0.50%
0.50%
0.50%
12 months0.65%
0.65%
0.75%
18 months0.70%
0.70%
0.85%
24 months0.75%
0.75%
0.95%
36 months0.80%
0.80%
0.90%
48 months0.90%
0.90%
1.00%
  • Minimum opening deposit: $500 for regular certificates, $50,000 for mini-jumbo certificates, and $100,000 for jumbo certificates.
  • Minimum balance amount to earn APY: $500 for regular certificates, $50,000 for mini-jumbo certificates, and $100,000 for jumbo certificates.
  • Early withdrawal penalty: This depends on your CD’s term length:
    • For CDs 12 months and under, you’ll pay 90 days’ worth of interest
    • For CDs over 12 months, you’ll pay 180 days’ worth of interest.

If you’re interested in saving more for retirement in an FDIC-insured environment, an IRA CD is a good choice — chances are you probably won’t be needing it for a while. It’s the perfect savings goal for CDs because of this reason. That’s why JSC Federal Credit Union offers each of its regular CDs as IRA CDs as well.

You can choose to open these IRA CDs within either a Traditional IRA or a Roth IRA depending on which is best for your situation (talk to your tax professional to see). One important difference with these IRA CDs, however, is that you’re only allowed to make penalty-free early withdrawals after you either become disabled or reach age 59 ½.

Other than that, these IRA CDs work the same as JSC Federal Credit Union’s normal CDs. They’ll automatically re-renew after they mature, and you’ll get a five-day grace period to withdraw your IRA money or roll it over to a different IRA, if you choose.

How to get JSC Federal Credit Union’s IRA CDs

You can apply for this account by visiting a local branch or applying online through JSC Federal Credit Union’s IRA Center. You’re required to provide your name, Social Security number, and other details on your application, as well as showing them your driver’s license or other I.D. You’ll also need to fund a regular savings account with at least $5 to establish your membership.

SEE DETAILS Secured

on JSC Federal Credit Union’s secure website

NCUA Insured

magnifying glass

How JSC Federal Credit Union’s IRA CD rates compare

When it comes to playing the retirement savings game, it’s always a balance of risk vs. reward. You may be able to earn more with stocks and bonds, but you may also lose a lot as well. But when it comes to IRA CDs, these are all equally guaranteed by the FDIC (up to $250,000 per person per bank), so there’s no reason to settle for less-than-optimal interest rates.

That’s why we don’t necessarily recommend JSC Federal Credit Union’s IRA CDs. Again, they’re not bad rates, but you can do much better with one of these top IRA CDs instead. By choosing anything other than the top-yielding IRA CDs, you’re essentially giving up that interest money as an opportunity cost, which can be especially detrimental for long-term savings like for retirement.

So, do yourself a favor: go out and find the best rates possible. Your future self will thank you.

IRA Savings

This IRA Savings account offers better interest rates than the standard savings accounts.
APYMinimum Balance to Earn APY
0.30%
$0.01
0.35%
$25,000
0.40%
$50,000
  • Minimum opening deposit: $25
  • Minimum balance to earn APY: $0.01
  • Monthly account maintenance fee: None
  • Overdraft fee: $26 per item. If you set up automatic overdraft transfers, it’ll cost you $2 per transfer.

If you don’t want to commit your IRA savings to a long-term investment like an IRA CD, or if you don’t yet have the money saved up for the minimum deposit on another IRA investment, an IRA savings account can allow you to still get started on your retirement savings today. Fortunately, this IRA savings account offers higher rates than on JSC Federal Credit Union’s normal savings account, but you may still want to consider transferring it elsewhere when you’re able to earn even higher interest rates.

It’s important to note that this account doesn’t come with ATM access. You’ll need to find some other way to move the money in and out of this account, such as by ACH transfer.

How to get JSC Federal Credit Union’s IRA Savings account

You can open one of these accounts by visiting the credit union to open up an account. You can also apply for an account online through JSC Federal Credit Union’s IRA Center, if that’s easier for. Of course, you’ll either need to be a member of the credit union already, or at least eligible for membership so that you can apply for an account. You’ll also need to deposit at least $5 in a regular non-retirement savings account in order to kick off your membership in the credit union.

SEE DETAILS Secured

on JSC Federal Credit Union’s secure website

NCUA Insured

Overall review of JSC Federal Credit Union’s banking products

If you’re looking for a local credit union or bank to work with, you can do lot worse than JSC Federal Credit Union. Most of its accounts come with no monthly fees, even its higher-yield accounts such as its money market account. This is pretty unusual, and a welcome relief from banks and credit unions that try to nickel-and-dime you with balance requirements and monthly fees. We also like that the credit union offers four free out-of-network ATM uses with its accounts.

Still, there are some other fees to watch out for that we’re not a fan of. For its savings accounts specifically, you’ll need to watch out for an excessive withdrawal fee ($1 each after the second in-person or ATM withdrawal per month), an early account closure fee ($5 if you close the account within 180 days), a dormant account fee ($5), and a $5 monthly fee if the credit union has a bad address on file for you.

The rates that the credit union offers on its accounts are decent, but not great. We’ve given you some other options if you are looking to maximize the amount of interest you earn from each account, but in no case does JSC Federal Credit Union offer the best rates out there.

Overall, it’s not a bad credit union to work with. But as is almost always the case, you can still find many other better options out there.

Advertiser Disclosure: The products that appear on this site may be from companies from which MagnifyMoney receives compensation. This compensation may impact how and where products appear on this site (including, for example, the order in which they appear). MagnifyMoney does not include all financial institutions or all products offered available in the marketplace.

Do you have a question?