Last Updated: 04/18/2025
Finex CU High Yield Savings Account
Unaffiliated
in Savings Accounts from Finex Credit Union
Last Updated: 04/18/2025
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Highlights
APY (Annual Percentage Yield)
3.500%(Verified 06/21/2024)
Minimum Opening Deposit
Starting at $10,000
Minimum Balance to Earn APY
$10,000
Finex CU High Yield Savings Account Review
Finex CU High Yield Savings Account is offered by Finex Credit Union, a credit union founded in 1938 and based in East Hartford, CT. Finex CU High Yield Savings Account are available in 50 states and Washington, DC.
Key Takeaways
- High yield savings. This account offers an annual percentage yield of up to 3.500%, which is much higher than the average interest rate for a savings account. However, you must meet minimum balance requirements for higher APYs.
- No monthly maintenance fees. This account does not charge any monthly account fees.
- Large minimum initial deposit. You need a minimum deposit of $10,000 to open an account. This is a relatively large minimum initial deposit when compared to the other accounts that we track.
- No ATM fees. Finex CU High Yield Savings Account does not charge fees on ATM transactions .
Finex CU High Yield Savings Account Pros & Cons
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Finex CU High Yield Savings Account FAQ
Are savings accounts from Finex 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 Finex Credit Union offer a signup bonus?
Finex CU High Yield Savings Account doesn't offer a signup bonus.
What is the minimum initial deposit for Finex CU High Yield Savings Account?
The minimum deposit to open a Finex CU High Yield Savings Account is $10,000.| Description | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Minimum Balance to Earn APY | $10,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Minimum Opening Deposit | Starting at $10,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
What APY does Finex CU High Yield Savings Account offer?
Finex CU High Yield Savings Account offers an APY of 3.500% (APY stands for annual percentage yield, rates may change). This is much higher than the average savings account rate.
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 Finex CU High Yield Savings Account charge?
Finex CU High Yield Savings Account does not charge a monthly service fee. See the fee breakdown section below to view all fees.
What features and perks does Finex CU High Yield 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 - Finex CU High Yield Savings Account allows you to manage your money online or with a mobile app.
- Nationwide ATM network - Conveniently transact at a nearby ATM.
Can you set up a direct deposit to Finex CU High Yield 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 Finex CU High Yield Savings Account?
The customer support email for Finex CU High Yield Savings Account is help@finexcu.org.
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Hours of Operation
Sunday
Closed
Monday
8:00AM - 4:30PM
Tuesday
8:00AM - 4:30PM
Wednesday
9:30AM - 4:30PM
Thursday
8:00AM - 6:00PM
Friday
8:00AM - 4:30PM
Saturday
Closed