Last Updated: 04/18/2025
Proponent Federal Credit Union Pro Savings Account
Unaffiliated
Last Updated: 04/18/2025
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Highlights
APY (Annual Percentage Yield)
0.10% - 1.25%(Verified 06/21/2024)
Minimum Opening Deposit
$0
Minimum Balance to Earn APY
$0
Proponent Federal Credit Union Pro Savings Account Review
Proponent Federal Credit Union Pro Savings Account is offered by Proponent Federal Credit Union, a credit union founded in 1971 and based in Nutley, NJ. Proponent Federal Credit Union Pro Savings Account are available in 50 states and Washington, DC.
Key Takeaways
- High yield savings. This account offers an annual percentage yield of up to 1.25%, which is much higher than the average interest rate for a savings account.
- No monthly maintenance fees. This account does not charge any monthly account fees.
- No minimum initial deposit. There is no minimum balance required to open an account online.
Proponent Federal Credit Union Pro Savings Account Pros & Cons
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Proponent Federal Credit Union Pro Savings Account FAQ
Are savings accounts from Proponent 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 Proponent Federal Credit Union offer a signup bonus?
Proponent Federal Credit Union Pro Savings Account doesn't offer a signup bonus.
What is the minimum initial deposit for Proponent Federal Credit Union Pro Savings Account?
There is no minimum deposit to open a Proponent Federal Credit Union Pro Savings Account.| Description | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Minimum Average Balance to Avoid Monthly Service Fee | $0.00 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Minimum Balance to Earn APY | $0.00 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Minimum Opening Deposit | $0.00 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Minimum Required Balance | $0.00 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
What APY does Proponent Federal Credit Union Pro Savings Account offer?
Proponent Federal Credit Union Pro Savings Account offers a variable APY starting at 0.10% and ranging up to 1.25% (APY stands for annual percentage yield, rates may change).
What fees does Proponent Federal Credit Union Pro Savings Account charge?
Proponent Federal Credit Union Pro 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 $30.00 fee.
- Incoming domestic bank transfers come with a $15.00 fee.
- An overdraft on your account will trigger a $35.00 fee per item.
- Proponent Federal Credit Union Pro Savings Account charges $5.00 every time you request a paper statement.
Does Proponent Federal Credit Union Pro Savings Account charge overdraft fees?
Yes, Proponent Federal Credit Union Pro Savings Account charges a $35.00 overdraft fee. Proponent Federal Credit Union Pro Savings Account offers overdraft protection at a cost of $12.00 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 Proponent Federal Credit Union Pro Savings Account offer?
This savings account includes the following features:
- Mobile Banking Services - Proponent Federal Credit Union Pro Savings Account allows you to manage your money online or with a mobile app.
- Nationwide ATM network - Conveniently transact at a nearby ATM.
Can you set up a direct deposit to Proponent Federal Credit Union Pro 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 Proponent Federal Credit Union Pro Savings Account?
The customer support email for Proponent Federal Credit Union Pro Savings Account is membershipmatters@profcu.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 - 5:00PM
Saturday
Closed