BECU Early Saver youth savings Account

BECU Early Saver youth savings Account Review

BECU Early Saver youth savings Account is offered by Boeing Employees Credit Union (BECU) savings accounts, a credit union founded in 1988 and based in Tukwila, WA. BECU Early Saver youth savings Account are available in 50 states (and Washington, DC).

Key Takeaways

• Very high annual percentage yield (APY). This account offers an annual percentage yield of up to 2.02%, which is much higher than the average interest rate for a savings account. However, you must keep a minimum balance of $0.01 to earn that insterest rate.
• $0 monthly fee. This account does not charge any monthly account fees.
• No minimum initial deposit. There is no minimum balance required to open an account online.

BECU savings account Pros & Cons

BECU savings account FAQ

Are savings accounts from Boeing Employees Credit Union (BECU) 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 Boeing Employees Credit Union (BECU) offer a signup bonus?

BECU savings account doesn't offer a signup bonus.

What is the minimum initial deposit for BECU savings account?

What APY does BECU Early Saver youth savings Account offer?

BECU savings account offers a variable APY starting at 0.02% and ranging up to 2.02% (APY stands for annual percentage yield, rates may change).

What fees does BECU savings account charge?

BECU 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 $25 fee.
• Outgoing international bank transfers come with a $35 fee. You can save a ton of money in fees if you use use a nonbank money transfer service.
• BECU savings account charges $3 every time you request a paper statement.

What features and perks does BECU savings account offer?

This savings account includes the following features:

• Fraud monitoring - BECU 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 - BECU 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 BECU 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 BECU savings account?

The customer support email for BECU savings account is social@becu.org.