Cobalt Credit Union Share Savings Account

Key Takeaways

• Low interest rate. The maximum annual percentage yield for this account is only 0.10%.
• No monthly maintenance fees. This account does not charge any monthly account fees.
• Small minimum initial deposit. You only need $5.00 to open an account.

Cobalt Credit Union Share Savings Account Pros & Cons

Cobalt Credit Union Share Savings Account FAQ

Are savings accounts from Cobalt Credit Union federally insured?

Does Cobalt Credit Union offer a signup bonus?

What is the minimum initial deposit for Cobalt Credit Union Share Savings Account?

The minimum deposit to open a Cobalt Credit Union Share Savings Account is $5.00.

What APY does Cobalt Credit Union Share Savings Account offer?

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 Cobalt Credit Union Share Savings Account charge?

• Outgoing domestic bank transfers come with a $25.00 fee.
• Incoming domestic bank transfers come with a $15.00 fee.
• Outgoing international bank transfers come with a $40.00 fee. You can save a ton of money in fees if you use use a nonbank money transfer service.
• Incoming international bank transfers come with a $15.00 fee.
• Cobalt Credit Union Share Savings Account charges a $25.00 fee for an early account closure. Contact Cobalt Credit Union Share Savings Account for more details on what is considered an early closure.
• An overdraft on your account will trigger a $35.00 fee per item.
• Cobalt Credit Union Share Savings Account charges $5.00 every time you request a paper statement.

Does Cobalt Credit Union Share Savings Account charge overdraft fees?

Yes, Cobalt Credit Union Share Savings Account charges a $35.00 overdraft fee.

What features and perks does Cobalt Credit Union Share Savings Account offer?

• Mobile Banking Services - Cobalt Credit Union Share 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 Cobalt Credit Union Share Savings Account?

What is the customer support email for Cobalt Credit Union Share Savings Account?