CommonWealth Credit Union Savings Account

Key Takeaways

• Low interest rate. The maximum annual percentage yield for this account is only 0.15%.
• No monthly maintenance fees. This account does not charge any monthly account fees.
• No ATM fees. CommonWealth Credit Union Savings Account does not charge fees on ATM transactions .

Commonwealth Credit Union savings account Pros & Cons

Commonwealth Credit Union savings account FAQ

Are savings accounts from CommonWealth Credit Union federally insured?

Does CommonWealth Credit Union offer a signup bonus?

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

What APY does CommonWealth Credit Union 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 Commonwealth Credit Union savings account charge?

• 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?

• 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 - Commonwealth 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 - Commonwealth 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 Commonwealth Credit Union savings account?

What is the customer support email for Commonwealth Credit Union savings account?