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  Affinity Federal Credit Union Savings Account

Affinity Federal Credit Union Savings Account

in Savings Accounts from Affinity Federal Credit Union · ncua

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Affinity Federal Credit Union Savings Account

Unaffiliated

in Savings Accounts from Affinity Federal Credit Union · Insured by NCUA

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Highlights
Monthly Fee $0 - $7
APY (Annual Percentage Yield) 0.1%
APY Minimum Balance N/A

Affinity Federal Credit Union Savings Account Review

Affinity Federal Credit Union Savings Account is offered by Affinity Federal Credit Union, a credit union founded in 1935 and based in Basking Ridge, NJ. Affinity Federal Credit Union Savings Account is available in 3 states across the USA.

Key Takeaways
  • Higher than average APY. Affinity Federal Credit Union Savings Account has an annual percentage yield of up to 0.1%, which is higher than the national average interest rate on savings accounts.
  • $0 monthly Service Charge available. This account charges a monthly service fee of up to $7, but the fee is waived if you keep a minimum balance of $1,000.
  • No minimum initial deposit. There is no minimum balance required to open an account.
  • No ATM fees. Affinity Federal Credit Union Savings Account does not charge fees on ATM transactions.
  • Bill pay. Pay your bills to practically anyone in the United States through Affinity Federal Credit Union.
Affinity Federal Credit Union Savings Account Pros & Cons
Pros Cons
  • Dividend-yielding account
  • Insured by NCUA.
  • Access to physical branches.
  • No charge on incoming domestic or international wire transfers.
  • No signup bonus.
  • Does not come with a debit card
  • Not FDIC-insured.
  • Only available in 3 states.
  • Higher than average wire transfer fees.
  • Monthly service charge.
Affinity Federal Credit Union Savings Account FAQ

Are savings accounts from Affinity Federal Credit Union federally insured?

Yes, your Affinity Federal Credit Union 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 Affinity Federal Credit Union offer a signup bonus?

Affinity Federal Credit Union Savings Account doesn't offer a signup bonus.

What is the minimum initial deposit for Affinity Federal Credit Union Savings Account?

There is no minimum deposit to open a Affinity Federal Credit Union Savings Account.
Affinity Federal Credit Union Savings Account Minimums
Description
Minimum Balance to Avoid Monthly Fee $1,000
Minimum Opening Deposit Starting at $0
Minimum Required Balance $0

What APY does Affinity Federal Credit Union offer?

Affinity Federal Credit Union Savings Account offers an APY of 0.1% (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. 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 Affinity Federal Credit Union Savings Account charge?

Affinity Federal Credit Union Savings Account does not charge a monthly service fee. See the fee breakdown section below to view all fees.

However, you can waive the monthly fees if you have a minimum daily balance of $1,000.

  • Outgoing domestic bank transfers come with a $25 fee.
  • Outgoing international bank transfers come with a $45 fee. You can save a ton of money in fees if you use use a nonbank money transfer service.
  • Affinity Federal Credit Union Savings Account charges $2 every time you request a paper statement.

What features and perks does Affinity Federal Credit Union Savings Account offer?

This savings account includes the following features:

  • Check images with monthly statement - Reconciling your accounts and complying with document retention standards is easier when you have access to a copy of your checks for each statement period.
  • Fraud monitoring - Affinity Federal Credit Union Savings Account monitors transactions for potentially fraudulent activity, such as when a debit card is unexpectedly used in a different location, or you make a sudden string of costly purchases.
  • Free Online Bill Pay - Online Bill Pay allows you to pay bills easily from your account.
  • Mobile Banking Services - Affinity Federal Credit Union Savings Account allows you to manage your money online or with a mobile app. This includes depositing checks in your account with a mobile app on your smartphone.
  • Nationwide ATM network - Conveniently transact at a nearby ATM.

Can you set up a direct deposit to Affinity Federal Credit Union Savings Account?

In most cases, the answer is yes. 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 Affinity Federal Credit Union Savings Account?

The customer support email for Affinity Federal Credit Union Savings Account is direlations@affinityfcu.com.

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Contact

Hours of Operation

  • Sunday Closed
  • Monday 9:00am - 5:00pm
  • Tuesday 9:00am - 5:00pm
  • Wednesday 9:00am - 5:00pm
  • Thursday 9:00am - 5:00pm
  • Friday 9:00am - 5:00pm
  • Saturday 9:00am - 1:00pm

Other Services by Affinity Federal Credit Union

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View all savings accounts offered by Affinity Federal Credit Union

Availability

  Available in 3 states
  • Connecticut
  • New Jersey
  • New York

Feature Breakdown

Minimum Balance to Avoid Monthly Fee $1,000
Minimum Opening Deposit Starting at $0
Minimum Required Balance $0
Wire Transfer Fee - Domestic (Incoming) $0
Wire Transfer Fee - International (Incoming) $0
Monthly Fee $0 - $7
Paper Statement Fee $2
Returned Deposit Fee (Domestic) $33
Wire Transfer Fee - Domestic (Outgoing) $25
Wire Transfer Fee - International (Outgoing) $45
Account Features
  • Automatic Transfers
  • Bauer Financial A+/A Rating
  • Branch Access
  • Check Images with Statement
  • Fraud Monitoring
  • Free Bill Pay
  • Interest Bearing Account
  • Mobile Banking
  • Mobile Check Deposit
  • Nationwide ATM Network
  • Insured by NCUA
  • No ATM Fees
  • No Monthly Maintenance Fee
APY (Annual Percentage Yield) 0.1%

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