Last Updated: 04/18/2025
San Joaquin Power Employees CU Regular Share Account
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Last Updated: 04/18/2025
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Highlights
APY (Annual Percentage Yield)
2.50%(Verified 06/28/2024)
Minimum Opening Deposit
$5
Minimum Balance to Earn APY
$5
San Joaquin Power Employees CU Regular Share Account Review
San Joaquin Power Employees CU Regular Share Account is offered by San Joaquin Power Employees Credit Union, a credit union founded in 1934 and based in Fresno, CA. San Joaquin Power Employees CU Regular Share Account are available in 50 states, 5 US territories, and Washington, DC.
Key Takeaways
- High yield savings. This account offers an annual percentage yield of up to 2.50%, which is much higher than the average interest rate for a savings account. However, you must meet minimum balance requirements for higher APYs.
- No monthly maintenance fees. This account does not charge any monthly account fees.
- Small minimum initial deposit. You only need $5.00 to open an account.
San Joaquin Power Employees CU Regular Share Account Pros & Cons
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San Joaquin Power Employees CU Regular Share Account FAQ
Are savings accounts from San Joaquin Power Employees 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 San Joaquin Power Employees Credit Union offer a signup bonus?
San Joaquin Power Employees CU Regular Share Account doesn't offer a signup bonus.
What is the minimum initial deposit for San Joaquin Power Employees CU Regular Share Account?
The minimum deposit to open a San Joaquin Power Employees CU Regular Share 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 San Joaquin Power Employees CU Regular Share Account offer?
San Joaquin Power Employees CU Regular Share Account offers an APY of 2.50% (APY stands for annual percentage yield, rates may change). This is much higher than the average savings account rate.
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 San Joaquin Power Employees CU Regular Share Account charge?
San Joaquin Power Employees CU Regular Share 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.
What features and perks does San Joaquin Power Employees CU Regular Share Account offer?
This savings account includes the following features:
Can you set up a direct deposit to San Joaquin Power Employees CU Regular Share 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.
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Hours of Operation
Sunday
Closed
Monday
7:30AM - 4:00PM
Tuesday
7:30AM - 4:00PM
Wednesday
7:30AM - 4:00PM
Thursday
7:30AM - 4:00PM
Friday
7:30AM - 4:00PM
Saturday
Closed