Last Updated: 04/18/2025
Patriot FCU Business Savings Account
Unaffiliated
Last Updated: 04/18/2025
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Highlights
APY (Annual Percentage Yield)
0.20%(Verified 06/21/2024)
Minimum Opening Deposit
Starting at $5
Minimum Balance to Earn APY
$5
Patriot FCU Business Savings Account Review
Patriot FCU Business Savings Account is offered by Patriot Federal Credit Union, a credit union founded in 1965 and based in Chambersburg, PA. Patriot FCU Business Savings Account are available in 50 states, 5 US territories, and Washington, DC.
Key Takeaways
- Low interest rate. The maximum annual percentage yield for this account is only 0.20%.
- No monthly maintenance fees. This account does not charge any monthly account fees.
- Small minimum initial deposit. You only need $5 to open an account.
- No ATM fees. Patriot FCU Business Savings Account does not charge fees on ATM transactions .
Patriot FCU Business Savings Account Pros & Cons
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Patriot FCU Business Savings Account FAQ
Are business savings accounts from patriot 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 Patriot Federal Credit Union offer a signup bonus?
Patriot FCU Business Savings Account doesn't offer a signup bonus.
What is the minimum initial deposit for Patriot FCU Business Savings Account?
The minimum deposit to open a Patriot FCU Business Savings Account is $5.| Description | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Minimum Balance to Earn APY | $5 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Minimum Opening Deposit | Starting at $5 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
What APY does Patriot FCU Business Savings Account offer?
Patriot FCU Business Savings Account offers an APY of 0.20% (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 Patriot FCU Business Savings Account charge?
Patriot FCU Business Savings Account does not charge a monthly service fee. See the fee breakdown section below to view all fees.
What features and perks does Patriot FCU Business Savings Account offer?
This savings account includes the following features:
- Free Online Bill Pay - Online Bill Pay allows you to pay bills easily from your account.
- Mobile Banking Services - Patriot FCU Business Savings 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 Patriot FCU Business Savings 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 Patriot FCU Business Savings Account?
The customer support email for Patriot FCU Business Savings Account is pfcu@patriotfcu.org.
Is Patriot FCU Business Savings Account legit?
Patriot Federal Credit Union was founded in 1965; it is a well-established company that has been in business for 61 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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Contact
Headquarters
Hours of Operation
Sunday
Closed
Monday
8:30AM - 4:30PM
Tuesday
8:30AM - 4:30PM
Wednesday
8:30AM - 4:30PM
Thursday
8:30AM - 4:30PM
Friday
8:30AM - 4:30PM
Saturday
8:30AM - 12:00PM