Bank Fund Staff Federal Credit Union Savings Account Review

Bank Fund Staff Federal Credit Union Savings 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 Savings Account is available in 0 states (and Washington, DC).

• Higher than average APY. Bank Fund Staff Federal Credit Union Savings Account has an annual percentage yield of up to 0.60%, which is higher than the national average interest rate on savings accounts. Note that you must keep a minimum balance of $0.01.
• $0 monthly fee. This account does not charge a monthly Service Charge.
• No minimum initial deposit. There is no minimum balance required to open an account.
• No ATM fees. Bank Fund Staff Federal Credit Union Savings Account does not charge fees on ATM transactions.

Pros	Cons
Dividend-yielding account Insured by NCUA. Access to physical branches.	No signup bonus. Does not come with a debit card Only available in one state.

Are savings accounts from Bank Fund Staff Federal Credit Union federally insured?

Yes, your Bank Fund Staff 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 Bank Fund Staff Federal Credit Union offer a signup bonus?

Bank Fund Staff Federal Credit Union Savings Account doesn't offer a signup bonus.

What is the minimum initial deposit for Bank Fund Staff Federal Credit Union Savings Account?

There is no minimum deposit to open a Bank Fund Staff Federal Credit Union Savings Account.

Bank Fund Staff Federal Credit Union Savings Account Minimums

Description
APY Minimum Balance	$0.01
Minimum Opening Deposit	Starting at $0

What APY does Bank Fund Staff Federal Credit Union offer?

Bank Fund Staff Federal Credit Union Savings Account offers an APY of 0.60% (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 Savings Account charge?

Bank Fund Staff Federal Credit Union Savings 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 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 Savings Account offer?

This savings account includes the following features:

• Fraud monitoring - Bank Fund Staff 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.
• Mobile Banking Services - Bank Fund Staff 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 Bank Fund Staff 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 Bank Fund Staff Federal Credit Union Savings Account?

The customer support email for Bank Fund Staff Federal Credit Union Savings Account is memberservices@bfsfcu.org.