Family Savings Credit Union Savings Accounts

Family Savings Credit Union Savings Accounts Review

Family Savings Credit Union Savings Accounts is offered by family savings credit union, a credit union founded in 1951 and based in Gadsden, AL. Family Savings Credit Union Savings Accounts are available in 50 states (and Washington, DC).

Key Takeaways

• Very high annual percentage yield (APY). This account offers an annual percentage yield of up to 1.50%, which is much higher than the average interest rate for a savings account. However, you must keep a minimum balance of $0.01 to earn that insterest rate.
• Charges a monthly fee. This account charges a monthly service fee of up to $3.
• Small minimum initial deposit. You only need $5 to open an account.
• No ATM fees. Family Savings Credit Union Savings Accounts does not charge fees on ATM transactions.

family savings credit union Pros & Cons

family savings credit union FAQ

Are savings accounts from Family Savings 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 Family Savings Credit Union offer a signup bonus?

family savings credit union doesn't offer a signup bonus.

What is the minimum initial deposit for family savings credit union?

What APY does Family Savings Credit Union Savings Accounts offer?

family savings credit union offers a variable APY starting at 0.05% and ranging up to 1.50% (APY stands for annual percentage yield, rates may change).

What fees does family savings credit union charge?

family savings credit union 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.
• Incoming domestic bank transfers come with a $10 fee.
• Outgoing international bank transfers come with a $45 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 $35 fee.

What features and perks does family savings credit union offer?

This savings account includes the following features:

Can you set up a direct deposit to family savings credit union?

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 family savings credit union?

The customer support email for family savings credit union is service@familysavingscu.com.