Last Updated: 04/18/2025
Resource One CU Savings Accounts
Unaffiliated
Last Updated: 04/18/2025
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Highlights
APY (Annual Percentage Yield)
0.10%(Verified 06/21/2024)
Minimum Opening Deposit
$0 - $25
Minimum Balance to Earn APY
$250
Resource One CU Savings Accounts Review
Resource One CU Savings Accounts is offered by Resource One Credit Union, a credit union founded in 1936 and based in Dallas, TX. Resource One CU 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 0.10%.
- 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.
Resource One CU Savings Accounts Pros & Cons
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Resource One CU Savings Accounts FAQ
Are savings accounts from Resource One 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 Resource One Credit Union offer a signup bonus?
Resource One CU Savings Accounts doesn't offer a signup bonus.
What is the minimum initial deposit for Resource One CU Savings Accounts?
There is no minimum deposit to open a Resource One CU Savings Accounts.| Description | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Minimum Balance to Earn APY | $250 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Minimum Opening Deposit | $0 - $25 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
What APY does Resource One CU Savings Accounts offer?
Resource One CU Savings Accounts offers an APY of 0.10% (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 Resource One CU Savings Accounts charge?
Resource One CU 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.
- Outgoing international bank transfers come with a $55 fee. You can save a ton of money in fees if you use use a nonbank money transfer service.
What features and perks does Resource One CU Savings Accounts offer?
This savings account includes the following features:
- Mobile Banking Services - Resource One CU Savings Accounts allows you to manage your money online or with a mobile app.
Can you set up a direct deposit to Resource One CU 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 Resource One CU Savings Accounts?
The customer support email for Resource One CU Savings Accounts is socialmediateam@r1cu.org.
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Hours of Operation
Sunday
Closed
Monday
8:30AM - 5:30PM
Tuesday
8:30AM - 5:30PM
Wednesday
8:30AM - 5:30PM
Thursday
8:30AM - 5:30PM
Friday
8:30AM - 5:30PM
Saturday
9:00AM - 1:00PM