Bank Fund Staff Federal Credit Union Savings Account

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, founded in 1947 and based in Washington DC, DC. Bank Fund Staff Federal Credit Union Savings Account is available in 1 state across the USA.

• 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.
• No minimum initial deposit. There is no minimum balance required to open an account.

Pros	Cons
Interest-yielding account.	No signup bonus. Does not offer mobile check deposits. Does not provide access to a nationwide ATM network. Does not come with a debit card Not FDIC-insured. Only available in one state.

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

No, your Bank Fund Staff Federal Credit Union savings accounts are not insured by a federal insurance agency. This means that if Bank Fund Staff Federal Credit Union were to fall into financial difficulties, your deposits are not covered by a government backed insurance fund like the FDIC or NCUSIF.

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
Minimum Balance to Earn APY	$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:

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.