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Last Updated: 04/18/2025

Brooklyn Coop FCU Simple Savings Account

in Savings Accounts from Brooklyn Cooperative Federal Credit Union

Last Updated: 04/18/2025

Brooklyn Cooperative Federal Credit Union logo
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APY (Annual Percentage Yield)

0.15% - 0.25%(Verified 06/21/2024)

Minimum Opening Deposit

$0

Minimum Balance to Earn APY

N/A

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Brooklyn Coop FCU Simple Savings Account Review

Brooklyn Coop FCU Simple Savings Account is offered by Brooklyn Cooperative Federal Credit Union, a credit union founded in 1999 and based in , NY. Brooklyn Coop FCU Simple Savings Account are available in 50 states and Washington, DC.

Key Takeaways

  • Higher than average APY. Brooklyn Coop FCU Simple Savings Account has an annual percentage yield of up to 0.25%, which is higher than the average interest rate for savings accounts.
  • No monthly maintenance fees. This account does not charge any monthly account fees.
  • No minimum initial deposit. There is no minimum balance required to open an account online.

Brooklyn Coop FCU Simple Savings Account Pros & Cons

Brooklyn Coop FCU Simple Savings Account FAQ

Are savings accounts from Brooklyn Cooperative 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 Brooklyn Cooperative Federal Credit Union offer a signup bonus?

Brooklyn Coop FCU Simple Savings Account doesn't offer a signup bonus.

What is the minimum initial deposit for Brooklyn Coop FCU Simple Savings Account?

There is no minimum deposit to open a Brooklyn Coop FCU Simple Savings Account.

What APY does Brooklyn Coop FCU Simple Savings Account offer?

Brooklyn Coop FCU Simple Savings Account offers a variable APY starting at 0.15% and ranging up to 0.25% (APY stands for annual percentage yield, rates may change).

What fees does Brooklyn Coop FCU Simple Savings Account charge?

Brooklyn Coop FCU Simple 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 $30.00 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.

What features and perks does Brooklyn Coop FCU Simple Savings Account offer?

This savings account includes the following features:

    Can you set up a direct deposit to Brooklyn Coop FCU Simple 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 Brooklyn Coop FCU Simple Savings Account?

    The customer support email for Brooklyn Coop FCU Simple Savings Account is info@brooklyn.coop.

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    Contact

    (718) 418-8232
    Visit Site
    Email Support

    Hours of Operation

    Sunday
    Closed
    Monday
    Closed
    Tuesday
    9:00AM - 5:00PM
    Wednesday
    11:00AM - 3:00PM
    Thursday
    11:00AM - 3:00PM
    Friday
    11:00AM - 6:00PM
    Saturday
    9:00AM - 2:00PM

    Other Services by Brooklyn Cooperative Federal Credit Union