CommonWealth Credit Union Savings Account

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.

• 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.

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.

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.