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Last Updated: 04/18/2025

Southwest Financial FCU Select Savings Account

in Savings Accounts from Southwest Financial Federal Credit Union

Last Updated: 04/18/2025

Southwest Financial Federal Credit Union logo
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Highlights

APY (Annual Percentage Yield)

Up to 1.50%(Verified 06/21/2024)

Minimum Opening Deposit

Starting at $0

Minimum Balance to Earn APY

$500
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Southwest Financial FCU Select Savings Account Review

Southwest Financial FCU Select Savings Account is offered by Southwest Financial Federal Credit Union, a credit union founded in 1962 and based in Farmers Branch, TX. Southwest Financial FCU Select 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 1.50%, 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.
  • No minimum initial deposit. There is no minimum balance required to open an account online.
  • No ATM fees. Southwest Financial FCU Select Savings Account does not charge fees on ATM transactions .

Southwest Financial FCU Select Savings Account Pros & Cons

Southwest Financial FCU Select Savings Account FAQ

Are savings accounts from Southwest Financial 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 Southwest Financial Federal Credit Union offer a signup bonus?

Southwest Financial FCU Select Savings Account doesn't offer a signup bonus.

What is the minimum initial deposit for Southwest Financial FCU Select Savings Account?

There is no minimum deposit to open a Southwest Financial FCU Select Savings Account.

What APY does Southwest Financial FCU Select Savings Account offer?

Southwest Financial FCU Select Savings Account offers an APY up to 1.50% (APY stands for annual percentage yield, rates may change). This is higher than the national average rate for savings accounts.

What fees does Southwest Financial FCU Select Savings Account charge?

Southwest Financial FCU Select Savings Account does not charge a monthly service fee. See the fee breakdown section below to view all fees.

    What features and perks does Southwest Financial FCU Select Savings Account offer?

    This savings account includes the following features:
    • Free Online Bill Pay - Online Bill Pay allows you to pay bills easily from your account.
    • Mobile Banking Services - Southwest Financial FCU Select 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 Southwest Financial FCU Select 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 Southwest Financial FCU Select Savings Account?

    The customer support email for Southwest Financial FCU Select Savings Account is info@swfinancial.org.

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    Editorial Disclaimer: Editorial and user-generated content on this page is not provided or commissioned by the issuer. Opinions expressed here are the author's alone and have not been approved or otherwise endorsed by any financial institution, including those that are advertising partners.

    Contact

    Headquarters

    1750 Valley View Ln
    Farmers Branch, TX 75234
    (214) 630-7111
    Visit Site
    Email Support

    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

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