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  Hudson Valley Federal Credit Union Savings Account
Hudson Valley Federal Credit Union Savings Account
in Savings Accounts from Hudson Valley Credit Union · Insured by NCUA
Unaffiliated

Hudson Valley Federal Credit Union Savings Account

Unaffiliated
in Savings Accounts from Hudson Valley Credit Union · Insured by NCUA
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Highlights
Monthly Fee N/A
APY (Annual Percentage Yield) 0.07%
Minimum Balance to Earn APY N/A

Hudson Valley Federal Credit Union Savings Account Review

Hudson Valley Federal Credit Union Savings Account is offered by Hudson Valley Credit Union, a credit union founded in 1963 and based in Poughkeepsie, NY. Hudson Valley Federal Credit Union Savings Account is available in 1 state across the USA.

Key Takeaways

  • Higher than average APY. Hudson Valley Federal Credit Union Savings Account has an annual percentage yield of up to 0.07%, which is higher than the average interest rate for savings accounts.
  • No minimum initial deposit. There is no minimum balance required to open an account.
  • No ATM fees. Hudson Valley Federal Credit Union Savings Account does not charge fees on ATM transactions.

Hudson Valley Federal Credit Union savings account Pros & Cons

Pros Cons
  • Dividend-yielding account
  • Insured by NCUA.
  • Access to physical branches.
  • No signup bonus.
  • Does not provide access to a nationwide ATM network.
  • Does not come with a debit card
  • Only available in one state.
  • Higher than average wire transfer fees.

Hudson Valley Federal Credit Union savings account FAQ

Are savings accounts from Hudson Valley Credit Union federally insured?

Yes, your Hudson Valley Credit Union 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 Hudson Valley Credit Union offer a signup bonus?

Hudson Valley Federal Credit Union savings account doesn't offer a signup bonus.

What is the minimum initial deposit for Hudson Valley Federal Credit Union savings account?

There is no minimum deposit to open a Hudson Valley Federal Credit Union savings account.
Hudson Valley Federal Credit Union Savings Account Minimums
Description
Minimum Opening Deposit Starting at $0
Minimum Required Balance $0.01

What APY does Hudson Valley Credit Union offer?

Hudson Valley Federal Credit Union savings account offers an APY of 0.07% (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 Hudson Valley Federal Credit Union savings account charge?

Hudson Valley Federal Credit Union savings account does not charge a monthly service fee. See the fee breakdown section below to view all fees.

  • Outgoing domestic bank transfers come with a $25 fee.
  • Incoming domestic bank transfers come with a $10 fee.
  • Outgoing international bank transfers come with a $40 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 $10 fee.
  • Hudson Valley Federal Credit Union savings account charges a $20 fee for an early account closure. Contact Hudson Valley Federal Credit Union savings account for more details on what is considered an early closure.
  • Hudson Valley Federal Credit Union savings account charges $4 every time you request a paper statement.

What features and perks does Hudson Valley Federal Credit Union savings account offer?

This savings account includes the following features:

  • Fraud monitoring - Hudson Valley Federal Credit Union savings account monitors transactions for potentially fraudulent activity, such as when a debit card is unexpectedly used in a different location, or you make a sudden string of costly purchases.
  • Mobile Banking Services - Hudson Valley Federal Credit Union savings account allows you to manage your money online or with a mobile app. This includes depositing checks in your account with a mobile app on your smartphone.

Can you set up a direct deposit to Hudson Valley Federal Credit Union savings account?

In most cases, the answer is yes. 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 Hudson Valley Federal Credit Union savings account?

The customer support email for Hudson Valley Federal Credit Union savings account is socialmedia@hvfcu.org.

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Availability

  Available in 1 state
New York
Availabile in all of New York

Feature Breakdown

Minimum Opening Deposit Starting at $0
Minimum Required Balance $0.01
Wire Transfer Fee - Domestic (Incoming) $10
Wire Transfer Fee - Domestic (Outgoing) $25
Wire Transfer Fee - International (Incoming) $10
Wire Transfer Fee - International (Outgoing) $40
Paper Statement Fee $4
Returned Deposit Fee (Domestic) $12
Early Account Closure $20
Immigration Status Considered
  • U.S. Citizen
  • U.S. Permanent Resident
Verification Documents Required
  • Driver License (or other photo ID)
Bauer Financial A+/A Rating
Account Features
  • No ATM Fees
  • Mobile Check Deposit
  • No Monthly Maintenance Fee
  • Interest Bearing Account
  • Mobile Banking
  • Fraud Monitoring
  • Automatic Transfers
  • Bauer Financial A+/A Rating
  • Insured by NCUA
  • Branch Access
APY (Annual Percentage Yield) 0.07%

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