Last Updated: 04/18/2025
Nassau Financial FCU Youth Share Savings Account
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Last Updated: 04/18/2025
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Highlights
APY (Annual Percentage Yield)
0.05%(Verified 06/21/2024)
Minimum Opening Deposit
$5
Minimum Balance to Earn APY
$5
Nassau Financial FCU Youth Share Savings Account Review
Nassau Financial FCU Youth Share Savings Account is offered by Nassau Financial Federal Credit Union, a credit union founded in 1936 and based in East Meadow, NY. Nassau Financial FCU Youth Share Savings Account are available in 50 states and Washington, DC.
Key Takeaways
- Low interest rate. The maximum annual percentage yield for this account is only 0.05%.
- Small minimum initial deposit. You only need $5.00 to open an account.
Nassau Financial FCU Youth Share Savings Account Pros & Cons
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Nassau Financial FCU Youth Share Savings Account FAQ
Are savings accounts from Nassau Financial 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 Nassau Financial Federal Credit Union offer a signup bonus?
Nassau Financial FCU Youth Share Savings Account doesn't offer a signup bonus.
What is the minimum initial deposit for Nassau Financial FCU Youth Share Savings Account?
The minimum deposit to open a Nassau Financial FCU Youth Share Savings Account is $5.00.| Description | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Minimum Average Balance to Avoid Monthly Service Fee | $0.00 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Minimum Balance to Earn APY | $5.00 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Minimum Opening Deposit | $5.00 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
What APY does Nassau Financial FCU Youth Share Savings Account offer?
Nassau Financial FCU Youth Share Savings Account offers an APY of 0.05% (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 Nassau Financial FCU Youth Share Savings Account charge?
Nassau Financial FCU Youth Share 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 $20.00 fee.
- Incoming domestic bank transfers come with a $10.00 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 $10.00 fee.
- An overdraft on your account will trigger a $5.00 fee per item.
- Nassau Financial FCU Youth Share Savings Account charges $5.00 every time you request a paper statement.
Does Nassau Financial FCU Youth Share Savings Account charge overdraft fees?
Yes, Nassau Financial FCU Youth Share Savings Account charges a $5.00 overdraft fee. Nassau Financial FCU Youth Share Savings Account offers overdraft protection at a cost of $30.00 per transaction. This overdraft protection fee is charged every time the bank arranges a transfer from another one of your accounts, typically a savings account, to cover the overdraft.
What features and perks does Nassau Financial FCU Youth Share 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.
- Nationwide ATM network - Conveniently transact at a nearby ATM.
Can you set up a direct deposit to Nassau Financial FCU Youth Share 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 Nassau Financial FCU Youth Share Savings Account?
The customer support email for Nassau Financial FCU Youth Share Savings Account is ealerts@nassaufinancial.org.
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Hours of Operation
Sunday
Closed
Monday
9:00AM - 5:00PM
Tuesday
9:00AM - 5:00PM
Wednesday
9:00AM - 5:00PM
Thursday
9:00AM - 5:00PM
Friday
9:00AM - 6:00PM
Saturday
9:00AM - 1:00PM