SuperMoney
  CommonWealth Credit Union Savings Account
CommonWealth Credit Union Savings Account
in Savings Accounts from CommonWealth Credit Union
Unaffiliated

CommonWealth Credit Union Savings Account

Unaffiliated
in Savings Accounts from CommonWealth Credit Union
Not enough votes for recommendation

Not enough votes for recommendation

Explore a similar product
Try this top product in Savings Accounts.
CIT Bank Savings Builder
CIT Bank Savings Builder 21 reviews
Highlights
Monthly Fee $0
APY (Annual Percentage Yield) 0.15%
Minimum Balance to Earn APY N/A

CommonWealth Credit Union Savings Account Review

CommonWealth Credit Union Savings Account is offered by CommonWealth Credit Union, founded in 1951 and based in Frankfort, KY. CommonWealth Credit Union Savings Account is available in 51 states across the USA.

Key Takeaways
  • Higher than average APY. CommonWealth Credit Union Savings Account has an annual percentage yield of up to 0.15%, which is higher than the national average interest rate on savings accounts.
Commonwealth Credit Union savings account Pros & Cons
Pros Cons
  • Available in all 50 states.
  • Interest-yielding account.
  • No signup bonus.
  • Does not offer mobile check deposits.
  • Does not provide access to a nationwide ATM network.
  • Does not come with a debit card
  • Not FDIC-insured.
  • Higher than average wire transfer fees.
Commonwealth Credit Union savings account FAQ

Are savings accounts from CommonWealth Credit Union federally insured?

No, your CommonWealth Credit Union savings accounts are not insured by a federal insurance agency. This means that if CommonWealth 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 CommonWealth Credit Union offer a signup bonus?

Commonwealth Credit Union savings account doesn't offer a signup bonus.

What is the minimum initial deposit for Commonwealth Credit Union savings account?

CommonWealth Credit Union Savings Account Minimums
Description

What APY does CommonWealth Credit Union offer?

Commonwealth 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 Commonwealth Credit Union savings account charge?

Commonwealth Credit Union 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 $20 fee.
  • Outgoing international bank transfers come with a $50 fee. You can save a ton of money in fees if you use use a nonbank money transfer service.
  • Commonwealth Credit Union savings account charges $2 every time you request a paper statement.

What features and perks does Commonwealth Credit Union savings account offer?

This savings account includes the following features:

Can you set up a direct deposit to Commonwealth Credit Union savings account?

In most cases, the answer is yes. 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 Commonwealth Credit Union savings account?

The customer support email for Commonwealth Credit Union savings account is info@ccuky.org.

SuperMoney Disclosure: SuperMoney.com is an independent, advertising-supported service. The owner of this website may be compensated in exchange for featured placement of certain sponsored products and services, or your clicking on links posted on this website. Read more...
Editorial Disclaimer: Editorial and user-generated content on this page is not provided or commissioned by the issuer. Opinions expressed here are the author’s alone and have not been approved or otherwise endorsed by any financial institution, including those that are advertising partners.

Contact

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

Other Services by CommonWealth Credit Union

Availability

  Available in 50 states and Washington, D.C.
  • Alaska
  • Alabama
  • Arkansas
  • Arizona
  • California
  • Colorado
  • Connecticut
  • Washington, DC
  • Delaware
  • Florida
  • Georgia
  • Hawaii
  • Iowa
  • Idaho
  • Illinois
  • Indiana
  • Kansas
  • Kentucky
  • Louisiana
  • Massachusetts
  • Maryland
  • Maine
  • Michigan
  • Minnesota
  • Missouri
  • Mississippi
  • Montana
  • North Carolina
  • North Dakota
  • Nebraska
  • New Hampshire
  • New Jersey
  • New Mexico
  • Nevada
  • New York
  • Ohio
  • Oklahoma
  • Oregon
  • Pennsylvania
  • Rhode Island
  • South Carolina
  • South Dakota
  • Tennessee
  • Texas
  • Utah
  • Virginia
  • Vermont
  • Washington
  • Wisconsin
  • West Virginia
  • Wyoming

Feature Breakdown

Monthly Fee $0
Paper Statement Fee $2
Returned Deposit Fee (Domestic) $30
Wire Transfer Fee - Domestic (Outgoing) $20
Wire Transfer Fee - International (Outgoing) $50
Immigration Status Considered
  • U.S. Citizen
  • U.S. Permanent Resident
Verification Documents Required
  • Driver License (or other photo ID)
  • Social Security Number
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%

Be the first to rate

 

Would you recommend CommonWealth Credit Union Savings Account to your friends?

Before we publish your vote:

Please explain your vote by sharing your experience.

Writing a review increases the credibility of your vote and helps your fellow users make a better-informed decision.

Please write a review to submit your vote
(will require moderator approval)