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  Security Service Federal Credit Union Basic Savings Account

Security Service Federal Credit Union Basic Savings Account

in Savings Accounts from Security Service Federal Credit Union · ncua

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Security Service Federal Credit Union Basic Savings Account

Unaffiliated

in Savings Accounts from Security Service Federal Credit Union · Insured by NCUA

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Highlights
Monthly Fee Starting at $0
APY (Annual Percentage Yield) 0.1%
APY Minimum Balance N/A

Security Service Federal Credit Union Basic Savings Account Review

Security Service Federal Credit Union Basic Savings Account is offered by Security Service Federal Credit Union, a credit union founded in 1973 and based in San Antonio, TX. Security Service Federal Credit Union Basic Savings Account is available in 3 states across the USA.

Key Takeaways
  • Higher than average APY. Security Service Federal Credit Union Basic Savings Account has an annual percentage yield of up to 0.1%, which is higher than the national average interest rate on savings accounts.
  • Small minimum initial deposit. You only need $5 to open an account.
  • No ATM fees. Security Service Federal Credit Union Basic Savings Account does not charge fees on ATM transactions.
Security Service savings account Pros & Cons
Pros Cons
  • Dividend-yielding account
  • Insured by NCUA.
  • Access to physical branches.
  • No charge on incoming domestic or international wire transfers.
  • No signup bonus.
  • Does not come with a debit card
  • Only available in 3 states.
  • Higher than average wire transfer fees.
Security Service savings account FAQ

Are savings accounts from Security Service Federal Credit Union federally insured?

Yes, your Security Service Federal Credit Union 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 Security Service Federal Credit Union offer a signup bonus?

Security Service savings account doesn't offer a signup bonus.

What is the minimum initial deposit for Security Service savings account?

The minimum deposit to open a Security Service savings account is $5.
Security Service Federal Credit Union Basic Savings Account Minimums
Description
Minimum Balance to Avoid Monthly Fee Starting at $100
Minimum Opening Deposit Starting at $5

What APY does Security Service Federal Credit Union offer?

Security Service savings account offers an APY of 0.1% (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 Security Service savings account charge?

Security Service savings account does not charge a monthly service fee. See the fee breakdown section below to view all fees.

However, you can waive the monthly fees if you have a minimum daily balance of $100.

  • Outgoing domestic bank transfers come with a $15 fee.
  • Outgoing international bank transfers come with a $61 fee. You can save a ton of money in fees if you use use a nonbank money transfer service.
  • Security Service savings account charges a $5 fee for an early account closure. Contact Security Service savings account for more details on what is considered an early closure.
  • Security Service savings account charges $3 every time you request a paper statement.

What features and perks does Security Service savings account offer?

This savings account includes the following features:

  • Check images with monthly statement - Reconciling your accounts and complying with document retention standards is easier when you have access to a copy of your checks for each statement period.
  • Fraud monitoring - Security Service savings account monitors transactions for potentially fraudulent activity, such as when a debit card is unexpectedly used in a different location, or you make a sudden string of costly purchases.
  • Mobile Banking Services - Security Service savings account allows you to manage your money online or with a mobile app. This includes depositing checks in your account with a mobile app on your smartphone.
  • Nationwide ATM network - Conveniently transact at a nearby ATM.

Can you set up a direct deposit to Security Service savings account?

In most cases, the answer is yes. 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 Security Service savings account?

The customer support email for Security Service savings account is serviceteam@ssfcu.org.

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Contact

Hours of Operation

  • Sunday Closed
  • Monday 9:00am - 5:30pm
  • Tuesday 9:00am - 5:30pm
  • Wednesday 9:00am - 5:30pm
  • Thursday 9:00am - 5:30pm
  • Friday 9:00am - 5:30pm
  • Saturday 9:00am - 2:00pm

Other Services by Security Service Federal Credit Union

Availability

  Available in 3 states
  • Colorado
  • Texas
  • Utah

Feature Breakdown

Minimum Balance to Avoid Monthly Fee Starting at $100
Minimum Opening Deposit Starting at $5
Monthly Fee Starting at $0
Early Account Closure $5
Paper Statement Fee $3
Wire Transfer Fee - Domestic (Outgoing) $15
Wire Transfer Fee - International (Outgoing) $61
Bauer Financial A+/A Rating
Account Features
  • Bauer Financial A+/A Rating
  • Branch Access
  • Check Images with Statement
  • Fraud Monitoring
  • Interest Bearing Account
  • Mobile Banking
  • Mobile Check Deposit
  • Nationwide ATM Network
  • Insured by NCUA
  • No ATM Fees
  • No Monthly Maintenance Fee
APY (Annual Percentage Yield) 0.1%

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