Boston Firefighters Credit Union Share Account Review

Boston Firefighters Credit Union Share Account is offered by Boston Firefighters Credit Union, a credit union founded in 1948 and based in West Roxbury, MA. Boston Firefighters Credit Union Share Account is available in 1 state across the USA.

• Higher than average APY. Boston Firefighters Credit Union Share Account has an annual percentage yield of up to .25%, which is higher than the national average interest rate on savings accounts. Note that you must keep a minimum balance of $1.
• $0 monthly fee. This account does not charge a monthly Service Charge.
• Small minimum initial deposit. You only need $1 to open an account.
• No ATM fees. Boston Firefighters Credit Union Share Account does not charge fees on ATM transactions.
• Bill pay. Pay your bills to practically anyone in the United States through Boston Firefighters Credit Union.

Pros	Cons
Interest-yielding account. Deposits are insured by the NCUA (up to $250K). Access to physical branches. Free debit card No charge on incoming domestic or international wire transfers.	No signup bonus. Not FDIC-insured. Only available in one state. No ATM access to savings.

Are savings accounts from Boston Firefighters Credit Union federally insured?

Yes, your Boston Firefighters Credit Union savings accounts are insured up to $250,000 per person by the National Credit Union Share Insurance Fund (NCUSIF). Individual Retirement Accounts (IRA) are insured separately up to $250,000. 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 Boston Firefighters Credit Union offer a signup bonus?

Boston Firefighters Credit Union Share Account doesn't offer a signup bonus.

What is the minimum initial deposit for Boston Firefighters Credit Union Share Account?

The minimum deposit to open a Boston Firefighters Credit Union Share Account is $1.

Boston Firefighters Credit Union Share Account Minimums

Description
APY Minimum Balance	$1
Minimum Opening Deposit	Starting at $1
Minimum Required Balance	$0

What APY does Boston Firefighters Credit Union offer?

Boston Firefighters Credit Union Share Account offers an APY of .25% (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 Boston Firefighters Credit Union Share Account charge?

Boston Firefighters Credit Union Share 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 $10 fee. You can save a ton of money in fees if you use use a nonbank money transfer service.

What features and perks does Boston Firefighters Credit Union Share Account offer?

This savings account includes the following features:

• Fraud monitoring - Boston Firefighters Credit Union Share 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 - Boston Firefighters Credit Union Share 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 Boston Firefighters Credit Union Share 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.