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  Citizens Equity First Credit Union Savings Account
Citizens Equity First Credit Union Savings Account
in Savings Accounts from Citizens Equity First Credit Union · Insured by NCUA
Unaffiliated

Citizens Equity First Credit Union Savings Account

Unaffiliated
in Savings Accounts from Citizens Equity First Credit Union · Insured by NCUA
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Highlights
Monthly Fee N/A
APY (Annual Percentage Yield) 0.15%
Minimum Balance to Earn APY $5

Citizens Equity First Credit Union Savings Account Review

Citizens Equity First Credit Union Savings Account is offered by Citizens Equity First Credit Union, a credit union founded in 1937 and based in Peoria, IL. Citizens Equity First Credit Union Savings Account is available in 2 states across the USA.

Key Takeaways

  • Low interest rate. The maximum annual percentage yield for this account is only 0.15%.
  • Small minimum initial deposit. You only need $5 to open an account.
  • No ATM fees. Citizens Equity First Credit Union Savings Account does not charge fees on ATM transactions.

Citizens Equity First Credit Union Savings Account Pros & Cons

Pros Cons
  • Dividend-yielding account.
  • Insured by NCUA.
  • Access to physical branches.
  • No signup bonus.
  • Does not come with a debit card
  • Only available in 2 states.

Citizens Equity First Credit Union Savings Account FAQ

Are savings accounts from Citizens Equity First Credit Union federally insured?

Yes, your Citizens Equity First Credit Union 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 Citizens Equity First Credit Union offer a signup bonus?

Citizens Equity First Credit Union Savings Account doesn't offer a signup bonus.

What is the minimum initial deposit for Citizens Equity First Credit Union Savings Account?

The minimum deposit to open a Citizens Equity First Credit Union Savings Account is $5.
Citizens Equity First Credit Union Savings Account Minimums
Description
Minimum Balance to Avoid Monthly Fee Starting at $5
Minimum Balance to Earn APY $5
Minimum Opening Deposit Starting at $5
Minimum Required Balance $5

What APY does Citizens Equity First Credit Union Savings Account offer?

Citizens Equity First Credit Union Savings Account offers an APY of 0.15% (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 Citizens Equity First Credit Union Savings Account charge?

Citizens Equity First Credit Union Savings Account does not charge a monthly service fee. See the fee breakdown section below to view all fees.

However, you can waive the monthly fees if you have a minimum daily balance of $5.

What features and perks does Citizens Equity First Credit Union Savings Account offer?

This savings account includes the following features:

  • Check images with monthly statement - Reconciling your accounts and complying with document retention standards is easier when you have access to a copy of your checks for each statement period.
  • Fraud monitoring - Citizens Equity First Credit Union Savings Account monitors transactions for potentially fraudulent activity, such as when a debit card is unexpectedly used in a different location, or you make a sudden string of costly purchases.
  • Mobile Banking Services - Citizens Equity First Credit Union Savings Account allows you to manage your money online or with a mobile app. This includes depositing checks in your account with a mobile app on your smartphone.
  • Nationwide ATM network - Conveniently transact at a nearby ATM.

Can you set up a direct deposit to Citizens Equity First Credit Union 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 Citizens Equity First Credit Union Savings Account?

The customer support email for Citizens Equity First Credit Union Savings Account is email@cefcu.com.

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Availability

  Available in 2 states
  • California
  • Illinois

Feature Breakdown

Minimum Balance to Avoid Monthly Fee Starting at $5
Minimum Balance to Earn APY $5
Minimum Opening Deposit Starting at $5
Minimum Required Balance $5
Immigration Status Considered
  • U.S. Citizen
  • U.S. Permanent Resident
Verification Documents Required
  • Driver License (or other photo ID)
Bauer Financial A+/A Rating
Account Features
  • No ATM Fees
  • Mobile Check Deposit
  • No Monthly Maintenance Fee
  • Interest Bearing Account
  • Nationwide ATM Network
  • Check Images with Statement
  • Mobile Banking
  • Fraud Monitoring
  • Automatic Transfers
  • Bauer Financial A+/A Rating
  • Insured by NCUA
  • Branch Access
APY (Annual Percentage Yield) 0.15%

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