Last Updated: 04/18/2025
Cobalt Credit Union Share Savings Account
Unaffiliated
in Savings Accounts from Cobalt Credit Union
Last Updated: 04/18/2025
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Highlights
APY (Annual Percentage Yield)
0.10%(Verified 06/21/2024)
Minimum Opening Deposit
$5
Minimum Balance to Earn APY
$0
Cobalt Credit Union Share Savings Account Review
Cobalt Credit Union Share Savings Account is offered by Cobalt Credit Union, a credit union founded in 1946 and based in Papillion, NE. Cobalt Credit Union Share Savings Account are available in 50 states and Washington, DC.
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
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Cobalt Credit Union Share Savings Account FAQ
Are savings accounts from Cobalt Credit Union federally insured?
No, your Cobalt Credit Union savings accounts are not insured by a federal insurance agency. This means that if Cobalt 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 Cobalt Credit Union offer a signup bonus?
Cobalt Credit Union Share Savings Account doesn't 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.| Description | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Minimum Average Balance to Avoid Monthly Service Fee | $0.00 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Minimum Balance to Earn APY | $0.00 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Minimum Opening Deposit | $5.00 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
What APY does Cobalt Credit Union Share Savings Account offer?
Cobalt Credit Union Share Savings Account offers an APY of 0.10% (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 Cobalt Credit Union Share Savings Account charge?
Cobalt Credit Union Share Savings Account does not charge a monthly service fee. See the fee breakdown section below to view all fees.
- 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. Cobalt Credit Union Share Savings Account offers overdraft protection at a cost of $5.00 per transaction. This overdraft protection fee is charged every time the bank arranges a transfer from another one of your accounts, typically a savings account, to cover the overdraft.
What features and perks does Cobalt Credit Union Share Savings Account offer?
This savings account includes the following features:
- 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?
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 Cobalt Credit Union Share Savings Account?
The customer support email for Cobalt Credit Union Share Savings Account is contactcenter@cobaltcu.com.
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Contact
Headquarters
Hours of Operation
Sunday
Closed
Monday
9:00AM - 5:00PM
Tuesday
9:00AM - 5:00PM
Wednesday
9:00AM - 5:00PM
Thursday
9:00AM - 5:00PM
Friday
9:00AM - 5:00PM
Saturday
Closed