BECU Member Share Savings Account Review

BECU Member Share Savings Account is offered by Boeing Employees Credit Union (BECU), a credit union founded in 1988 and based in Tukwila, WA. BECU Member Share Savings Account is available in 50 states (and Washington, DC).

• Low APY. The maximum annual percentage yield for this account is only 0.02%.
• $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. BECU Member Share Savings Account does not charge fees on ATM transactions.

Pros	Cons
Available in all 50 states. 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 Higher than average wire transfer fees.

Are savings accounts from Boeing Employees Credit Union (BECU) federally insured?

Yes, your Boeing Employees Credit Union (BECU) 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?

There is no minimum deposit to open a BECU savings account.

BECU Member Share Savings Account Minimums

Description
Minimum Balance to Avoid Monthly Fee	Starting at $0
Minimum Opening Deposit	$0
Minimum Required Balance	$0

What APY does Boeing Employees Credit Union (BECU) offer?

BECU savings account offers an APY of 0.02% (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 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 $2 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.
• 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?

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 BECU savings account?

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

How do people rate the customer service and user experience of BECU savings account?

Overall, BECU savings account is strongly recommended based on community reviews that rate customer service and user experience.