Last Updated: 04/18/2025
Bank Fund Staff FCU eSavings Account
Unaffiliated
Last Updated: 04/18/2025
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Highlights
APY (Annual Percentage Yield)
0.75%(Verified 06/21/2024)
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Minimum Opening Deposit
N/A
Minimum Balance to Earn APY
$10,000
Bank Fund Staff FCU eSavings Account Review
Bank Fund Staff FCU eSavings Account is offered by Bank Fund Staff Federal Credit Union, a credit union founded in 1947 and based in Washington DC, DC. Bank Fund Staff Federal Credit Union esavings account are available in states and Washington, DC.
Key Takeaways
- Higher than average APY. Bank Fund Staff FCU eSavings Account has an annual percentage yield of up to 0.75%, which is higher than the average interest rate for savings accounts. Note that you must keep a minimum balance of $10000 to earn that interest rate.
- $0 monthly account fees available. This account charges a monthly fee of $5.
Bank Fund Staff Federal Credit Union esavings account Pros & Cons
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Bank Fund Staff Federal Credit Union esavings account FAQ
Are savings accounts from Bank Fund Staff Federal Credit Union federally insured?
Yes, your 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 Bank Fund Staff Federal Credit Union offer a signup bonus?
Bank Fund Staff Federal Credit Union esavings account doesn't offer a signup bonus.
What is the minimum initial deposit for Bank Fund Staff Federal Credit Union esavings account?
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| Minimum Balance to Earn APY | $10,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Minimum Required Balance | $5 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
What APY does Bank Fund Staff FCU eSavings Account offer?
Bank Fund Staff Federal Credit Union esavings account offers an APY of 0.75% (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 Bank Fund Staff Federal Credit Union esavings account charge?
This account charges a monthly service fee of $5.
- Outgoing domestic bank transfers come with a $10 fee.
- Outgoing international bank transfers come with a $25 fee. You can save a ton of money in fees if you use use a nonbank money transfer service.
What features and perks does Bank Fund Staff Federal Credit Union esavings account offer?
This savings account includes the following features:
- Fraud monitoring - Bank Fund Staff Federal Credit Union esavings 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.
- Mobile Banking Services - Bank Fund Staff Federal Credit Union esavings 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.
Can you set up a direct deposit to Bank Fund Staff Federal Credit Union esavings 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 Bank Fund Staff Federal Credit Union esavings account?
The customer support email for Bank Fund Staff Federal Credit Union esavings account is memberservices@bfsfcu.org.
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Hours of Operation
Sunday
Closed
Monday
8:30AM - 4:00PM
Tuesday
8:30AM - 4:00PM
Wednesday
8:30AM - 4:00PM
Thursday
8:30AM - 4:00PM
Friday
8:30AM - 4:00PM
Saturday
Closed