Last Updated: 04/18/2025
Homebase Federal CU Share Savings
Unaffiliated
Last Updated: 04/18/2025
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Highlights
APY (Annual Percentage Yield)
0.25%(Verified 06/29/2024)
Minimum Opening Deposit
Starting at $25
Minimum Balance to Earn APY
$300
Homebase Federal CU Share Savings Review
Homebase Federal CU Share Savings is offered by Homebase Federal Credit Union, a credit union founded in 1952 and based in Prince George, VA. Homebase Federal CU Share Savings are available in 50 states, 5 US territories, and Washington, DC.
Key Takeaways
- Higher than average APY. Homebase Federal CU Share Savings has an annual percentage yield of up to 0.25%, which is higher than the average interest rate for savings accounts. Note that you must keep a minimum balance of $300.00 to earn that interest rate.
- No monthly maintenance fees. This account does not charge any monthly account fees.
Homebase Federal CU Share Savings Pros & Cons
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Homebase Federal CU Share Savings FAQ
Are savings accounts from Homebase Federal 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 Homebase Federal Credit Union offer a signup bonus?
Homebase Federal CU Share Savings doesn't offer a signup bonus.
What is the minimum initial deposit for Homebase Federal CU Share Savings?
The minimum deposit to open a Homebase Federal CU Share Savings is $25.00.| Description | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Minimum Balance to Earn APY | $300.00 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Minimum Opening Deposit | Starting at $25.00 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
What APY does Homebase Federal CU Share Savings offer?
Homebase Federal CU Share Savings offers an APY of 0.25% (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 Homebase Federal CU Share Savings charge?
Homebase Federal CU Share Savings does not charge a monthly service fee. See the fee breakdown section below to view all fees.
- Outgoing domestic bank transfers come with a $20.00 fee.
- Outgoing international bank transfers come with a $45.00 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 $45.00 fee.
What features and perks does Homebase Federal CU Share Savings offer?
This savings account includes the following features:
- Free Online Bill Pay - Online Bill Pay allows you to pay bills easily from your account.
Can you set up a direct deposit to Homebase Federal CU Share Savings?
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 Homebase Federal CU Share Savings?
The customer support email for Homebase Federal CU Share Savings is marketing@homebasecu.org.
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Hours of Operation
Sunday
Closed
Monday
9:00AM - 5:00PM
Tuesday
9:00AM - 5:00PM
Wednesday
10:00AM - 5:00PM
Thursday
9:00AM - 5:30PM
Friday
9:00AM - 5:30PM
Saturday
9:00AM - 12:00PM