Mountain America Credit Union Review 2024
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At a glance
CDs
Checking
Savings
MMA
About Bankrate Score
Overview
Mountain America Credit Union is best for customers in the Rocky Mountain and West Coast regions of the U.S., where its branches are located. The credit union offers especially competitive yields on its CD rates and solid yields for its money market accounts, making it a great place for savers looking to park their money.
Highlights
- Top CD Rates
- Free Checking
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These are sponsored offers rated highly by us for competitive rates, fees, and minimums.
APY, or annual percentage yield, is the yearly return on a bank or investment account.
APY, or annual percentage yield, is the yearly return on a bank or investment account.
Bankrate Savings rating = 4.4/5
Bankrate scores are objectively determined by our editorial team. Our scoring formula weighs several factors consumers should consider when choosing financial products and services.
APY, or annual percentage yield, is the yearly return on a bank or investment account.
APY, or annual percentage yield, is the yearly return on a bank or investment account.
Bankrate Savings rating = 5/5
Bankrate scores are objectively determined by our editorial team. Our scoring formula weighs several factors consumers should consider when choosing financial products and services.
APY, or annual percentage yield, is the yearly return on a bank or investment account.
APY, or annual percentage yield, is the yearly return on a bank or investment account.
Bankrate Checking rating = 5/5
Bankrate scores are objectively determined by our editorial team. Our scoring formula weighs several factors consumers should consider when choosing financial products and services.
Offers featured here have been sponsored which impacts how, where, and in what order the products appear. Not all offers are displayed on this page.
Bankrate scores are objectively determined by our editorial team. Our scoring formula weighs several factors consumers should consider when choosing financial products and services.
APY, or annual percentage yield, is the yearly return on a bank or investment account.
Bankrate scores are objectively determined by our editorial team. Our scoring formula weighs several factors consumers should consider when choosing financial products and services.
APY, or annual percentage yield, is the yearly return on a bank or investment account.
Bankrate scores are objectively determined by our editorial team. Our scoring formula weighs several factors consumers should consider when choosing financial products and services.
APY, or annual percentage yield, is the yearly return on a bank or investment account.
Overall
Mountain America Credit Union offers a full range of financial services, including deposit accounts like checking and savings for consumers and businesses, and lines of credit and loan services for homes and vehicles. Its CDs can be opened with a low minimum deposit and earn a highly competitive APY. Some of its other accounts, including its savings, are more lackluster, although they’re easy to open.
Pros
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There’s a wide range of CD terms available that offer competitive yields.
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Mountain America is part of the CO-OP ATM network, giving you access to more than 50,000 ATMs coast to coast.
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Opening deposit requirements are low.
Cons
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Savings account yields are very low.
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APYs for the money market account are solid but could be higher; a minimum of $1 million is required to earn the top APY.
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Withdrawals on savings and money market accounts are limited to just six per month.
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Mountain America Credit Union banking products
Mountain America Credit Union savings overview
While the account is highly accessible, it won’t do much to help grow your savings, as the APY offered is much lower than the national average. The account comes without monthly fees, but if you fall below the $1 minimum balance requirement, you may be charged a $2 low-balance fee.
Pros
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The account is easily accessible, requiring just $1 to open.
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There are no monthly service fees.
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Youth and Teen savings accounts are also available.
Cons
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The Primary Savings account pays an APY that is much lower than the national average.
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A $100 minimum balance is required to earn interest.
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There’s a $5 monthly fee if your balance falls below $100 and a $2 low-balance fee if your account falls below $1.
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Mountain America Credit UnionAPYAPY last updated between 11/14 and 11/20.APYAPY last updated between 11/14 and 11/20.National average APYHow do we get this data?Bankrate independently tracks hundreds of APYs and product details for banking institutions nationwide. We retain the historical data of every rate we track in our database. If there are any gaps where we weren’t actively tracking a rate at the time, the graph will reflect the missing data.
Bank fees
| Fee | Charged? |
|---|---|
| Overdraft fee | $25 |
| Non-sufficient funds fee | $25 |
| Monthly maintenance fees | $0 - $5 |
| Out-of-network ATM fee | $1.50 |
| Excessive transaction fee | None |
About Mountain America Credit Union
Mountain America Credit Union is an NCUA-insured institution headquartered in Sandy, Utah. The credit union opened its doors in 1936 and currently has more than $18 billion in assets. Mountain America’s 100 branches are located throughout the Rocky Mountain and West Coast regions of the U.S.
As a credit union, Mountain America is a not-for-profit institution owned by its members, with a mission to provide the best prices and services to its members rather than building profits for shareholders.
Customer experience
Customer service. Customers can reach representatives on the phone everyday from 6 a.m. to 9 p.m. MT. Customers can also get help by email or by using Mountain America’s extensive FAQ articles.
Digital experience. Digital banking can be done online or through Mountain America’s app on both the Apple App and Google Play Stores. The app is highly-rated by iOS users, with middling reviews by Android users. Through digital banking, you get access to Bill Pay and Zelle, in addition to other functionality like mobile deposits. Moreover, you can check your FICO Score for free on Mountain America’s app, but you must have a checking account to do so.
Review methodology
We assign a score to each type of account and its features, weigh them carefully based on importance to account holders and determine an overall score. Read our full review methodology.
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