Last Updated: 04/18/2025
Connex CU Special Purpose Share Savings Account
Unaffiliated
in Savings Accounts from Connex Credit Union
Last Updated: 04/18/2025
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Highlights
APY (Annual Percentage Yield)
0.05%(Verified 06/21/2024)
Minimum Opening Deposit
Starting at $0
Minimum Balance to Earn APY
N/A
Connex CU Special Purpose Share Savings Account Review
Connex CU Special Purpose Share Savings Account is offered by Connex Credit Union, a credit union founded in 1940 and based in North Haven, CT. Connex CU Special Purpose 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 0.05%.
- No monthly maintenance fees. This account does not charge any monthly account fees.
- No minimum initial deposit. There is no minimum balance required to open an account online.
Connex CU Special Purpose Share Savings Account Pros & Cons
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Connex CU Special Purpose Share Savings Account FAQ
Are savings accounts from connex credit union federally insured?
Yes, your savings accounts are insured up to $250,000 per share owner for each account ownership category. The National Credit Union Administration (NCUA), a federal agency, administers the insurance fund and regulates federally insured credit unions. The fund is backed by the full faith and credit of the U.S. Government.
Does Connex Credit Union offer a signup bonus?
Connex CU Special Purpose Share Savings Account doesn't offer a signup bonus.
What is the minimum initial deposit for Connex CU Special Purpose Share Savings Account?
There is no minimum deposit to open a Connex CU Special Purpose Share Savings Account.| Description | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Minimum Opening Deposit | Starting at $0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
What APY does Connex CU Special Purpose Share Savings Account offer?
Connex CU Special Purpose Share Savings Account offers an APY of 0.05% (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 Connex CU Special Purpose Share Savings Account charge?
Connex CU Special Purpose Share Savings Account does not charge a monthly service fee. See the fee breakdown section below to view all fees.
What features and perks does Connex CU Special Purpose Share Savings Account offer?
This savings account includes the following features:
- Free Online Bill Pay - Online Bill Pay allows you to pay bills easily from your account.
- Mobile Banking Services - Connex CU Special Purpose Share Savings Account allows you to manage your money online or with a mobile app.
Can you set up a direct deposit to Connex CU Special Purpose 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 Connex CU Special Purpose Share Savings Account?
The customer support email for Connex CU Special Purpose Share Savings Account is support@etpcu.org.
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Hours of Operation
Sunday
Closed
Monday
8:00AM - 3:00PM
Tuesday
8:00AM - 3:00PM
Wednesday
8:00AM - 3:00PM
Thursday
8:00AM - 6:00PM
Friday
8:00AM - 5:00PM
Saturday
9:00AM - 12:00PM