Cascade FCU Youth Savings Accounts

Cascade FCU Youth Savings Accounts Review

Cascade FCU Youth Savings Accounts is offered by Cascade Federal Credit Union, a credit union founded in 1952 and based in Kent, WA. Cascade FCU Youth Savings Accounts are available in 50 states (and Washington, DC).

Key Takeaways

• Very high annual percentage yield (APY). This account offers an annual percentage yield of up to 4.06%, which is much higher than the average interest rate for a savings account. However, you must keep a minimum balance of $5 to earn that insterest rate.
• Small minimum initial deposit. You only need $5 to open an account.
• No ATM fees. Cascade FCU Youth Savings Accounts does not charge fees on ATM transactions.

Cascade FCU Youth Savings Accounts Pros & Cons

Cascade FCU Youth Savings Accounts FAQ

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

Cascade FCU Youth Savings Accounts doesn't offer a signup bonus.

What is the minimum initial deposit for Cascade FCU Youth Savings Accounts?

What APY does Cascade FCU Youth Savings Accounts offer?

Cascade FCU Youth Savings Accounts offers a variable APY starting at 0.20% and ranging up to 4.06% (APY stands for annual percentage yield, rates may change).

What fees does Cascade FCU Youth Savings Accounts charge?

Cascade FCU Youth Savings Accounts does not charge a monthly service fee. See the fee breakdown section below to view all fees.

What features and perks does Cascade FCU Youth Savings Accounts 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 - Cascade FCU Youth Savings Accounts allows you to manage your money online or with a mobile app.

Can you set up a direct deposit to Cascade FCU Youth Savings Accounts?

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 Cascade FCU Youth Savings Accounts?

The customer support email for Cascade FCU Youth Savings Accounts is eservices@cascadefcu.org.