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Last Updated: 04/18/2025

Canvas Reverse Tier Savings Account

in Savings Accounts from Canvas Credit Union

Last Updated: 04/18/2025

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APY (Annual Percentage Yield)

0.30% - 5.00%(Verified 08/07/2024)

Minimum Opening Deposit

Starting at $0

Minimum Balance to Earn APY

$0

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Canvas Reverse Tier Savings Account Review

Canvas Reverse Tier Savings Account is offered by Canvas Credit Union, a credit union founded in 1938 and based in Lone Tree, CO. Canvas Reverse Tier Savings Account are available in 50 states, 5 US territories, and Washington, DC.

Key Takeaways

  • High yield savings. This account offers an annual percentage yield of up to 5.00%, which is much higher than the average interest rate for a savings account.
  • 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.
  • No ATM fees. Canvas Reverse Tier Savings Account does not charge fees on ATM transactions .

Canvas Reverse Tier Savings Account Pros & Cons

Canvas Reverse Tier Savings Account FAQ

Are savings accounts from Canvas 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 Canvas Credit Union offer a signup bonus?

Canvas Reverse Tier Savings Account doesn't offer a signup bonus.

What is the minimum initial deposit for Canvas Reverse Tier Savings Account?

There is no minimum deposit to open a Canvas Reverse Tier Savings Account.

What APY does Canvas Reverse Tier Savings Account offer?

Canvas Reverse Tier Savings Account offers a variable APY starting at 0.30% and ranging up to 5.00% (APY stands for annual percentage yield, rates may change).

What fees does Canvas Reverse Tier Savings Account charge?

Canvas Reverse Tier Savings Account does not charge a monthly service fee. See the fee breakdown section below to view all fees.

    What features and perks does Canvas Reverse Tier Savings Account offer?

    This savings account includes the following features:
    • Free Online Bill Pay - Online Bill Pay allows you to pay bills easily from your account.
    • Mobile Banking Services - Canvas Reverse Tier 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 Canvas Reverse Tier 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 Canvas Reverse Tier Savings Account?

    The customer support email for Canvas Reverse Tier Savings Account is membercarecenter@canvas.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.

    Contact

    Headquarters

    9990 Park Meadows Dr
    Lone Tree, CO 80124
    Visit Site

    Hours of Operation

    Sunday
    Closed
    Monday
    8:00AM - 6:00PM
    Tuesday
    8:00AM - 6:00PM
    Wednesday
    8:00AM - 6:00PM
    Thursday
    8:00AM - 6:00PM
    Friday
    8:00AM - 6:00PM
    Saturday
    9:00AM - 1:00PM

    Other Services by Canvas Credit Union