Orion FCU Savings Accounts

Orion FCU Savings Accounts Review

Orion FCU Savings Accounts is offered by orion fcu, a credit union founded in 1957 and based in Memphis, TN. orion fcu savings accounts are available in 50 states (and Washington, DC).

Key Takeaways

• Low interest rate. The maximum annual percentage yield for this account is only 0.01%.
• Small minimum initial deposit. You only need $5 to open an account.
• No ATM fees. Orion FCU Savings Accounts does not charge fees on ATM transactions.

orion fcu savings accounts Pros & Cons

Pros	Cons
Available in all 50 states. Dividend-yielding account. Insured by NCUA. Free debit card	Does not offer mobile check deposits. Higher than average wire transfer fees. No signup bonus.

orion fcu savings accounts FAQ

Are savings accounts from orion fcu 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 Orion Federal Credit Union offer a signup bonus?

orion fcu savings accounts doesn't offer a signup bonus.

What is the minimum initial deposit for orion fcu savings accounts?

The minimum deposit to open a orion fcu savings accounts is $5.

Orion FCU Savings Accounts Minimums

Description
Minimum Balance to Earn APY	$0.01
Minimum Opening Deposit	Starting at $5

What APY does Orion FCU Savings Accounts offer?

orion fcu savings accounts offers an APY of 0.01% (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 orion fcu savings accounts charge?

orion fcu savings accounts 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 fee.
• Incoming domestic bank transfers come with a $15 fee.
• Outgoing international bank transfers come with a $65 fee. You can save a ton of money in fees if you use use a nonbank money transfer service.

What features and perks does orion fcu savings accounts offer?

This savings account includes the following features:

• Nationwide ATM network - Conveniently transact at a nearby ATM.

Can you set up a direct deposit to orion fcu savings accounts?

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 orion fcu savings accounts?

The customer support email for orion fcu savings accounts is info@orionfcu.com.