Last Updated: 04/18/2025
Arize FCU Business Savings Share Account
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Last Updated: 04/18/2025
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Highlights
APY (Annual Percentage Yield)
0.30%(Verified 06/21/2024)
Minimum Opening Deposit
$5
Minimum Balance to Earn APY
$100
Arize FCU Business Savings Share Account Review
Arize FCU Business Savings Share Account is offered by Arize Federal Credit Union, a credit union founded in 1978 and based in State College, PA. Arize FCU Business Savings Share Account are available in 50 states and Washington, DC.
Key Takeaways
- Higher than average APY. Arize FCU Business Savings Share Account has an annual percentage yield of up to 0.30%, which is higher than the average interest rate for savings accounts. Note that you must keep a minimum balance of $100.00 to earn that interest rate.
- No monthly maintenance fees. This account does not charge any monthly account fees.
- Small minimum initial deposit. You only need $5.00 to open an account.
- No ATM fees. Arize FCU Business Savings Share Account does not charge fees on ATM transactions .
Arize FCU Business Savings Share Account Pros & Cons
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Arize FCU Business Savings Share Account FAQ
Are business savings accounts from Arize Federal Credit Union federally insured?
Yes, your business 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 Arize Federal Credit Union offer a signup bonus?
Arize FCU Business Savings Share Account doesn't offer a signup bonus.
What is the minimum initial deposit for Arize FCU Business Savings Share Account?
The minimum deposit to open a Arize FCU Business Savings Share Account is $5.00.| Description | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Minimum Average Balance to Avoid Monthly Service Fee | $0.00 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Minimum Balance to Earn APY | $100.00 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Minimum Opening Deposit | $5.00 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Minimum Required Balance | $5.00 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
What APY does Arize FCU Business Savings Share Account offer?
Arize FCU Business Savings Share Account offers an APY of 0.30% (APY stands for annual percentage yield, rates may change).
The interest rate on a savings account or checking account can change based, in part, on what the Federal Reserve does. Note that the APY of a savings account is the amount of interest you will earn if you keep your money in the account for a full year expressed as a percentage. The difference between an APY and an interest rate is that the APY takes into account how often your money earns interest (or compounds). The more often your money compounds, the more it will earn. Business savings accounts with an interest rate that compounds daily, for example, will earn a higher return (and therefore a higher APY) than savings accounts that compound annually. What fees does Arize FCU Business Savings Share Account charge?
Arize FCU Business Savings Share Account does not charge a monthly service fee. See the fee breakdown section below to view all fees.
- Outgoing domestic bank transfers come with a $10.00 fee.
- Incoming domestic bank transfers come with a $5.00 fee.
- Outgoing international bank transfers come with a $25.00 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 $10.00 fee.
- An overdraft on your account will trigger a $35.00 fee per item.
- Arize FCU Business Savings Share Account charges $1.50 every time you request a paper statement.
Does Arize FCU Business Savings Share Account charge overdraft fees?
Yes, Arize FCU Business Savings Share Account charges a $35.00 overdraft fee.What features and perks does Arize FCU Business Savings Share Account offer?
This savings account includes the following features:
- Mobile Banking Services - Arize FCU Business Savings Share Account allows you to manage your money online or with a mobile app.
- Nationwide ATM network - Conveniently transact at a nearby ATM.
Can you set up a direct deposit to Arize FCU Business Savings Share 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 Arize FCU Business Savings Share Account?
The customer support email for Arize FCU Business Savings Share Account is ms@arizefcu.org.
Is Arize FCU Business Savings Share Account legit?
Arize Federal Credit Union was founded in 1978; it is a well-established company that has been in business for 48 years.
Unfortunately, we don't have sufficient community reviews to provide a reliable rating of their user experience and customer service.
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Hours of Operation
Sunday
Closed
Monday
9:00AM - 4:30PM
Tuesday
9:00AM - 4:30PM
Wednesday
9:00AM - 4:30PM
Thursday
9:00AM - 4:30PM
Friday
9:00AM - 4:30PM
Saturday
Closed