Railroad Federal Credit Union is still offering a high interest savings account under their share savings account. You can earn up to 1.15% APY when you open an account. You are only required to deposit a minimum of $25 to open this best savings account. There is no daily balance required to earn this best interest rate.

The earnings of this money in the bank deal are compounded daily and credit every month. This high yield savings account has no monthly service fee. In addition, they also provide free phone banking and online banking to let the account holders manage their account as often as they want to. Like other savings account, you are also allowed to make withdrawals or transfers for up to 6 times per statement cycle.

Since this is a small credit union and their membership is not open to the general public. Railroad Federal Credit Union membership is only limited to individuals sharing a common bond or transportation related. You may want to ask the credit union’s customer service with regard to their field of membership and get the list of their select employer group. You can also ask for their current rates just call them at 205-956-0678.

Railroad Federal Credit Union has been serving its members since 1956. They are headquartered in Irondale, Alabama. You just need to visit them when applying for membership and opening an account. Make sure to bring valid picture identification when you visit their office since they will be requesting for a copy. The credit union is registered with the National Credit Union Association and has a charter number 11176.