Last Updated: 04/18/2025
Champion CU Business Edge Savings Account
Unaffiliated
Last Updated: 04/18/2025
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Highlights
APY (Annual Percentage Yield)
0.20%(Verified 06/21/2024)
Minimum Opening Deposit
Starting at $5
Minimum Balance to Earn APY
$5
Champion CU Business Edge Savings Account Review
Champion CU Business Edge Savings Account is offered by Champion Credit Union, a credit union founded in 1932 and based in Canton, NC. Champion Business Savings are available in 50 states and Washington, DC.
Key Takeaways
- Low interest rate. The maximum annual percentage yield for this account is only 0.20%.
- No monthly maintenance fees. This account does not charge any monthly account fees.
- Small minimum initial deposit. You only need $5 to open an account.
- No ATM fees. Champion CU Business Edge Savings Account does not charge fees on ATM transactions .
Champion Business Savings Pros & Cons
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Champion Business Savings FAQ
Are savings accounts from champion credit union federally insured?
No, your Champion Credit Union savings accounts are not insured by a federal insurance agency. This means that if Champion Credit Union were to fall into financial difficulties, your deposits are not covered by a government-backed insurance fund like the FDIC or NCUSIF.
Does Champion Credit Union offer a signup bonus?
Champion Business Savings doesn't offer a signup bonus.
What is the minimum initial deposit for Champion Business Savings?
The minimum deposit to open a Champion Business Savings is $5.| Description | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Minimum Balance to Earn APY | $5 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Minimum Opening Deposit | Starting at $5 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
What APY does Champion CU Business Edge Savings Account offer?
Champion Business Savings offers an APY of 0.20% (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 Champion Business Savings charge?
Champion Business Savings does not charge a monthly service fee. See the fee breakdown section below to view all fees.
What features and perks does Champion Business Savings 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 - Champion Business Savings 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 Champion Business Savings?
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 Champion Business Savings?
The customer support email for Champion Business Savings is ccumarketing@championcu.com.
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Hours of Operation
Sunday
Closed
Monday
8:00AM - 5:00PM
Tuesday
8:00AM - 5:00PM
Wednesday
8:00AM - 5:00PM
Thursday
8:00AM - 5:00PM
Friday
8:00AM - 6:00PM
Saturday
Closed