Last Updated: 04/18/2025
BP Federal Credit Union Share Savings Account
Unaffiliated
Last Updated: 04/18/2025
No Reviews Yet
This product has no reviews yet. Help others by sharing your thoughts.
Be the first to rateExplore a similar product
Try this top product in Savings Accounts
Chime Savings Account
Mostly recommended31 reviews
Community Recommended Products
View AllSponsored
Mostly recommended31 Reviews
Learn MoreSponsored
Strongly recommended22 Reviews
Learn MoreSponsored
Strongly recommended20 Reviews
Learn MoreCompare All Savings Accounts
Filter & compare all your options in one place.
Highlights
APY (Annual Percentage Yield)
0.30%(Verified 06/21/2024)
Minimum Opening Deposit
$25
Minimum Balance to Earn APY
$100
BP Federal Credit Union Share Savings Account Review
BP Federal Credit Union Share Savings Account is offered by BP Federal Credit Union, a credit union founded in 1937 and based in Houston, TX. BP Federal Credit Union Share Savings Account are available in 50 states and Washington, DC.
Key Takeaways
- Higher than average APY. BP Federal Credit Union Share Savings Account has an annual percentage yield of up to 0.30%, which is higher than the average interest rate for savings accounts. Note that you must keep a minimum balance of $100.00 to earn that interest rate.
- No monthly maintenance fees. This account does not charge any monthly account fees.
BP Federal Credit Union Share Savings Account Pros & Cons
| Pros | Cons |
|
|
BP Federal Credit Union Share Savings Account FAQ
Are savings accounts from BP Federal Credit Union 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 BP Federal Credit Union offer a signup bonus?
BP Federal Credit Union Share Savings Account doesn't offer a signup bonus.
What is the minimum initial deposit for BP Federal Credit Union Share Savings Account?
The minimum deposit to open a BP Federal Credit Union Share Savings Account is $25.00.| Description | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Minimum Average Balance to Avoid Monthly Service Fee | $0.00 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Minimum Balance to Earn APY | $100.00 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Minimum Opening Deposit | $25.00 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
What APY does BP Federal Credit Union Share Savings Account offer?
BP Federal Credit Union Share Savings Account offers an APY of 0.30% (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 BP Federal Credit Union Share Savings Account charge?
BP Federal Credit Union Share 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 $20.00 fee.
- Outgoing international bank transfers come with a $50.00 fee. You can save a ton of money in fees if you use use a nonbank money transfer service.
- An overdraft on your account will trigger a $27.50 fee per item.
Does BP Federal Credit Union Share Savings Account charge overdraft fees?
Yes, BP Federal Credit Union Share Savings Account charges a $27.50 overdraft fee. BP Federal Credit Union Share Savings Account offers overdraft protection at a cost of $5.00 per transaction. This overdraft protection fee is charged every time the bank arranges a transfer from another one of your accounts, typically a savings account, to cover the overdraft.
What features and perks does BP Federal Credit Union Share Savings Account offer?
This savings account includes the following features:
- Mobile Banking Services - BP Federal Credit Union Share Savings Account allows you to manage your money online or with a mobile app.
- Nationwide ATM network - Conveniently transact at a nearby ATM.
Can you set up a direct deposit to BP Federal Credit Union Share 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 BP Federal Credit Union Share Savings Account?
The customer support email for BP Federal Credit Union Share Savings Account is info@bpfcu.org.
SuperMoney Disclosure: SuperMoney.com is an independent, advertising-supported service. The owner of this website may be compensated in exchange for featured placement of certain sponsored products and services, or your clicking on links posted on this website. Read more...
Editorial Disclaimer: Editorial and user-generated content on this page is not provided or commissioned by the issuer. Opinions expressed here are the author's alone and have not been approved or otherwise endorsed by any financial institution, including those that are advertising partners.
Hours of Operation
Sunday
Closed
Monday
9:00AM - 4:00PM
Tuesday
9:00AM - 4:00PM
Wednesday
9:00AM - 4:00PM
Thursday
9:00AM - 4:00PM
Friday
9:00AM - 4:00PM
Saturday
Closed
Other Services by BP Federal Credit Union
CD Accounts
Be the first to rate
Checking Accounts
Be the first to rate
Money Market Accounts
Be the first to rate
Credit Cards
Be the first to rate
Community Recommended Products
View AllSponsored
Mostly recommended31 Reviews
Learn MoreSponsored
Strongly recommended22 Reviews
Learn MoreSponsored
Strongly recommended20 Reviews
Learn MoreSuperMoney Net Recommendation Score
This product has no reviews yet. Help others by sharing your thoughts.
0
-1000+100
No one recommends
Everyone recommends
BP Federal Credit Union Share Savings Account Community Reviews
Would you recommend BP Federal Credit Union Share Savings Account to your friends?
There are currently no reviews.
Other Services by BP Federal Credit Union
CD Accounts
Be the first to rate
Checking Accounts
Be the first to rate
Money Market Accounts
Be the first to rate
Credit Cards
Be the first to rate
You might also like
Best Savings Accounts
SuperMoney
Savings vs. Money Market? Which Account Fits You Best?
Jessica Walrack
Should I Open a Savings Account and Why?
Erin Gobler
Opening a Joint Account: The Definitive Guide
Jessica Walrack