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  Frankenmuth Credit Union Savings Account
Frankenmuth Credit Union Savings Account
in Savings Accounts from Frankenmuth Credit Union · Insured by NCUA
Unaffiliated

Frankenmuth Credit Union Savings Account

Unaffiliated
in Savings Accounts from Frankenmuth Credit Union · Insured by NCUA
Net Recommendation Score +100  

SUPERMONEY NET RECOMMENDATION SCORE

This product is strongly recommended by SuperMoney users with a score of +100, equating to 5 on a 5 point rating scale.

+100

Recommendation score measures the loyalty between a provider and a consumer. It's at +100 if everybody recommends the provider, and at -100 when no one recommends.

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Highlights
Community Rating

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Monthly Maintenance Fee $0
(Verified 08/04/2023)
APY (Annual Percentage Yield) 1.09% - 3.00%
(Verified 08/04/2023)
Minimum Balance to Earn APY $0

Frankenmuth Credit Union Savings Account Review

Frankenmuth Credit Union Savings Account is offered by Frankenmuth Credit Union, a credit union founded in 1964 and based in Frankenmuth, MI. Frankenmuth Credit Union Savings Account 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 3.00%, which is much higher than the average interest rate for a savings account.
  • No minimum initial deposit. There is no minimum balance required to open an account online.

Frankenmuth Credit Union Savings Account Pros & Cons

Pros Cons
  • Available in all 50 states.
  • High variable APY.
  • Does not offer mobile check deposits.
  • Does not provide access to a nationwide ATM network.
  • Does not come with a debit card
  • No signup bonus.

Frankenmuth Credit Union Savings Account FAQ

Are savings accounts from Frankenmuth 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 Frankenmuth Credit Union offer a signup bonus?

Frankenmuth Credit Union Savings Account doesn't offer a signup bonus.

What is the minimum initial deposit for Frankenmuth Credit Union Savings Account?

There is no minimum deposit to open a Frankenmuth Credit Union Savings Account.
Frankenmuth Credit Union Savings Account Minimums
Description
Minimum Balance to Earn APY $0
Minimum Opening Deposit $0

What APY does Frankenmuth Credit Union Savings Account offer?

Frankenmuth Credit Union Savings Account offers a variable APY starting at 1.09% and ranging up to 3.00% (APY stands for annual percentage yield, rates may change). This is higher than the typical interest rate for online-only savings accounts, which is around 1% APY.

What fees does Frankenmuth Credit Union Savings Account charge?

Frankenmuth Credit Union Savings Account does not charge a monthly service fee. See the fee breakdown section below to view all fees.

Can you set up a direct deposit to Frankenmuth Credit Union 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 Frankenmuth Credit Union Savings Account?

The customer support email for Frankenmuth Credit Union Savings Account is ccenter@frankenmuthcu.org.

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Availability

  Available in 50 states and Washington, D.C.
  • Alabama
  • Alaska
  • Arizona
  • Arkansas
  • California
  • Colorado
  • Connecticut
  • Delaware
  • Florida
  • Georgia
  • Hawaii
  • Idaho
  • Illinois
  • Indiana
  • Iowa
  • Kansas
  • Kentucky
  • Louisiana
  • Maine
  • Maryland
  • Massachusetts
  • Michigan
  • Minnesota
  • Mississippi
  • Missouri
  • Montana
  • Nebraska
  • Nevada
  • New Hampshire
  • New Jersey
  • New Mexico
  • New York
  • North Carolina
  • North Dakota
  • Ohio
  • Oklahoma
  • Oregon
  • Pennsylvania
  • Rhode Island
  • South Carolina
  • South Dakota
  • Tennessee
  • Texas
  • Utah
  • Vermont
  • Virginia
  • Washington
  • Washington, DC
  • West Virginia
  • Wisconsin
  • Wyoming

Feature Breakdown

Minimum Balance to Earn APY $0
Minimum Opening Deposit $0
Monthly Maintenance Fee $0
(Verified 08/04/2023)
Immigration Status Considered
  • U.S. Citizen
  • U.S. Permanent Resident
Verification Documents Required
  • Driver License (or other photo ID)
  • Proof of citizenship/residence (Green Card)
  • Proof of Identity
  • Social Security Number
  • Employer Identification Number
APY (Annual Percentage Yield) 1.09% - 3.00%
(Verified 08/04/2023)

Frankenmuth Credit Union Savings Account Community Reviews

 

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SUPERMONEY NET RECOMMENDATION SCORE

This product is strongly recommended by SuperMoney users with a score of +100, equating to 5 on a 5 point rating scale.

+100

Recommendation score measures the loyalty between a provider and a consumer. It's at +100 if everybody recommends the provider, and at -100 when no one recommends.

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